Paramount Property Ventures Inc., ( PPVI) will invest over half a billion pesos for more real estate development in Cebu this year.
PPVI sales and marketing head Ardi T. Arenas-Vergara said that the company will build around 1,500 residential units for various market segments – middle-high, middle, economic and socialized.
The real estate firm will kick off the planned developments with the Francesca Highlands project, which will usher in house-and-lots and lot-only offers. The 30- hectare project, located in barangay Cadulawan, Minglanilla, will provide around 600 units in a span of five years.
PPVI business development officer Mar C. Relampagos said the company will spend P200 million for the first two phases of Francesca Highlands, while the rest of the allocated capex will be invested in other subdivision projects lined up for the year, which will include two housing developments in Carcar City.
He added that a huge chunk of the company’s capex for this year will be spent in the development of 1,200 units for economic and socialized housing and a mid-market project with a total of 250 units in Carcar. Read more ›››
