Real estate developer Primary Homes Inc. has lined up at least four projects for the year, including a seaside community.
Primary Homes president Stephen Charles Liu said that these will be a mix of
condominium, subdivision and
townhouse units with a capital expenditure of about P2 billion.
Liu, who recently unveiled the showroom of their Avalon condominium project at the Cebu Business Park, said the market for
condominiums in Cebu is growing as the urban area gets denser.
Liu revealed that they have had six
condominium buildings and have delivered 1,000 units.
He also believes they have developed more than enough low cost units, pointing out that the La Guardia Flats 1 and 2 in Lahug, Cebu City range from P1 to P2 million.
Liu said they have done well with the La Guardia Flats, adding that they were one of the first to deliver in that market on time.
“We are ahead in our delivery. Others are ahead in their announcements,†he said.
Liu said Primary Homes Inc. has delivered 5,000 low cost units. Last year, their company finished five projects.
Industry leaders said the construction and
real property industry is expected to do well this year, with an estimated 3.5 million backlog in housing that needs to be met. (PNA)
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Topic: Real Estate in Cebu Booming (Read 1097 times)