After four successful real estate projects in nine years, a Cebuano real estate company will invest another P600 million to develop three additional projects in Cebu this year.
Paramount Property Ventures Inc. (PPVI) will implement the projects in southern Cebu where the firm sees more developments happening in the next few years, said Arli T. Arenas-Vergara, PPVI sales and marketing head.
Francesca Highlands in barangay Kadulawan, Minglanilla is the first project that the firm will launch on March 17.
It covers 30 hectares and will be developed in four phases in a five-year timeline.
The company will offer 43 house-and-lot packages and lot properties in phase one.
For land development and developing the house and lot units, the company is investing P200 million for this project, said Mar Relampagos, PPVI business development officer.
The company targets the high-end market with house and lot units priced at P5 million to P7 million. The lots will cost P1.5 million to P3 million.
PPVI will launch two other projects in Carcar City later in the year. Read more ›››
