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Wednesday, May 11, 2005
Pre-need company partners with memorial park developer
THE big potential of the memorial park business has encouraged the pre-need company of the United Coconut Planters Bank of the Philippines group of companies to partner with a Cebu-based memorial park developer.
Cocoplans president Caesar Michelena said enterprising people are looking at memorial lots as investments that can “never go down (in value),” especially in the Philippines.
Cocoplans and Acrissor Development Corp., the owner and developer of Angelicum Garden of Angels (AGA), signed a memorandum of agreement (MOA) yesterday at the Grand Convention Center. Under the MOA, Cocoplans will help market AGA when selling its pre-need plans.
AGA marketing head Jun Yu said some of AGA’s clients had bought not just one memorial lot, but up to 20 to 30 units.
“Most of our buyers are buying it for investment purposes,” he told Sun.Star.
Yu admits that competition in the memorial park business is stiff, but the company will not lower the prices of its memorial lots.
“We want to be always lucrative for the sake of the company and our investors. And besides, we are confident that our strategic location itself is an attraction already to buyers, with the real estate development going north,” he said.
The 7.5-hectare AGA is in Canduman, Mandaue City.
Last week, Acrissor also signed an agreement with St. Peter Life Plan Inc., with Acrissor authorizing the latter to be one of its sales agents. (JBN )
(May 11, 2005 issue)
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