Mix housing project to rise in Oro-A A +A
Sunday, August 5, 2012
ATTENTION landless and houseless families in Cagayan de Oro, a chance to own one inside a subdivision can be easier with the birth of Monte Cielo Heights in Barangay Tablon, Cagayan de Oro.
The family-run subdivision is expected to start constructing 700 houses in September after its groundbreaking on Saturday, with an average of 10 houses in every 45 days, Dennis R. Leveriza, chairman for LeohLand Realty and Development Corporation, the developer of Monte Cielo Heights, told Sun.Star Cagayan de Oro.
Frederic Mark Oh, LeohLand’s general manager, said the project is a mix subdivision that everybody could afford -- a 15-hectare property, overlooking the 0Macajalar Bay.
“I met a friend, an employee of Coke (Coca-Cola Bottlers Philippines Inc). He goes home every day (from Tagoloan) to Patag. What we target is to give convenience for these employees. Our market is everybody. Low-income earners can also own a house here. It serves the employees of factories,” Oh said.
Tablon is some kilometer away west of Tagoloan town where most factories and industrial companies in Misamis Oriental are situated.
Two kinds of house units are expected to be constructed — single attach and single detach, Oh added.
Leveriza said LeohLand is projecting P1-billion market for Monte Cielo
Heights substantially giving out five percent commission to its agents.
“This project can generate jobs. Hundreds of construction workers will be employed. It can also contribute income-generating activities. Even the suppliers can benefit with the project,” he said.
Vice Mayor Caesar Ian Acenas, the event’s guest speaker, said the project contributes for faster economic growth in Mindanao, as many business opportunities are expected to open especially in the locality.
“This is an added opportunities for the people in Cagayan de Oro, the city in bloom, in blossom and in boom,” Acenas said in his speech.
Tablon barangay councilor Jonas Galvez hailed LeohLand’s project, saying it is an opportunity for the internal revenue allotment (IRA) of the barangay to grow.
“Definitely, with this project, we expect that more (sari-sari) stores would open especially that it is near the Tablon Elementary School,”
Tablon has now three subdivisions — Villa Maria, PHASCO Village and the Monte Cielo Heights.
Pag-ibig Fund, the partner government-owned corporation of LeohLand, said the opening of the latest non-exclusive subdivision in Tablon addresses the housing backlog of the government.
LeohLand is named after the combined surnames of two of the realty firm’s prime movers — Leveriza and Oh.
Published in the Sun.Star Cagayan de Oro newspaper on August 06, 2012.