New firm breaks ground on Cebu project

A NEW player in the real estate market broke ground on its flagship project in Cebu last Saturday.

Landtraders World Properties Corp. held a groundbreaking ceremony on its San Marino Residences on J.de Veyra Ave. at the North Reclamation Area.

San Marino Residences is a 420-unit, 20-storey modern Mediterranean-inspired residential condominium that is the first to be located across SM City Cebu. Work started last week and officials said San Marino Residences is expected to be completed by the third quarter of 2014.

“We’re right across everything,” Landtraders corporate consultant Roger Gopaoco said about the project.

Landtraders has been in the business for a year and six months.

Gopaocao said that although there is tight competition in the condominium business, accessibility and affordability will set San Marino Residences apart from their competitors.

The condo targets middle class markets such as out-of-town businessmen from Mindanao and local expats from Bacolod and Leyte. Its 22-square-meter unit is priced at P1.4 million, inclusive of taxes. They also offer in-house financing for up to five years.

The basic features of the condominium are its finished interior and exterior, roof deck, twin hi-speed elevator system, convenience store, pharmacy, Wi-Fi connectivity, parking and 24-hour security.

“Our value for convenience is paralleled with our value for money. We have the best location in town,” said Gopaoco.

According to Gopaoco, the firm is already receiving a lot of inquiries with intentions to buy.

Landtraders officials said they are planning to build another condominium in Andres Abellana early next year.