Author Topic: Japanese investor puts up 14-stroy condo in north Cebu town for Japanese retiree  (Read 589 times)

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Japanese investor puts up 14-stroy condo in north Cebu town for Japanese retirees

CEBU CITY, Feb. 25 (PNA) -- A Japanese investor is putting up a 14-storey condominium building in Liloan town in northern Cebu to serve as a retirement and leisure facility for Japanese nationals.

Kazunari Nakamura of NFKG Consultancy Inc. said the One Tectona tower will address the foreseen demand for retirement facilities in Japan.

“It’s impossible to keep all the 30 million Japanese elderly and retirees in Japan. The climate there hurts the elderly. Cebu is a warm place where they can comfortably retire,” Nakamura said.

One Tectona, consisting of 165 units with 21 duplex villas, is set to be the first high-rise condominium development in northern Cebu.

It forms part of the 10-hectare development of the Duros Group named The Woodlands in Barangay Yati, Liloan, some 18 kilometers north of Cebu City.

“Nakamura invested in the entire One Tectona building and several villas as he envisions them to be home to Japanese retirees, and a time-share property for business and leisure travelers who want to have a quick getaway in Cebu starting in the fourth quarter of 2018,” said the Duros Group.

The condominium is being marketed in Japan to retirees.

However they also welcome Filipino buyers.

Future homeowners will have golf playing rights at the exclusive Liloan Gold and Leisure Estate in Barangay San Roque, also owned by the Duros Group.

The 18-hole golf course is set for completion by the fourth quarter of 2018. (PNA)

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