New real estate firm confident Cebu condo project will do well-A A +A
Monday, December 9, 2013
WHILE still a new player in the real estate industry, RCAB Properties Inc said it is optimistic that its newly-launched condominium, Trillium Residences, will sell well among Cebuanos, tourists and investors.
In an interview with its president Romeo Ang during the launching of Trillium last week at the Cebu Parklane Hotel, he said the architecture, particularly the 3.7 meter high headroom, will be very attractive to condo owners. He said their project is the first condominium in Cebu to adopt a higher vertical space than the usual 2.7 to three meters headroom.
The condominum is built in a 600-square meter property located on 17 Molave St., Lahug, Cebu City, two blocks away from Ayala Center Cebu in an area the company described as “flood-free” and “slum-free.”
The 17-storey building is designed by architect Manuel A. Guanzon, a well-known Cebuano architect who has designed several high-rise buildings in Cebu City.
Butch Guillen, president of the Society of Cebu Realty Firms Inc, and Guanzon said in separate interviews that the 7.2-magnitude October earthquake will not affect the thriving real estate industry in Cebu.
Guillen said there still remains a huge demand from both domestic and foreign markets.
Guanzon said that high-rise buildings in Cebu are “safe” and “earthquake-proof.”
“High-rise buildings are designed for earthquake incidents, subject to seismic loading,” he said.
He said the country’s building code requires high-rise buildings to be designed to withstand an intensity seven earthquake.
“While there’s a lot of competition in real estate here in Cebu, we are positive with Trillium,” said Ang.
Ang has been in the manufacturing business in the past years but decided to venture into real estate given the 1,200 square meter property in the location where Trillium is set to stand. The 600-meter property will be developed first for the project.
Trillium Residences is marketed for domestic and foreign tourists who want to own a property in Cebu City. Moreover, it is also seen to be very attractive to call center agents, due to the flexible payment scheme it offers.
Published in the Sun.Star Cebu newspaper on December 10, 2013.