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Wednesday, May 11, 2005
Resort-condo units to rise in Mactan
Garces Rental and Property Management Corp. and Garces Realty will combine their resources to gain enough capital to finance a high-end project in Mactan Island, Cebu.
According to a statement, the project involves the development of a resort condominium that will have fully furnished one-bedroom, two-bedroom and three-bedroom units.
The development will feature a clubhouse, two swimming pools, sports facilities and other amenities.
Edmund Garces, president and general manager of both firms, said: “This new project will bring in more dollars since ready buyers are coming from different countries. Cebu is still a very viable location for these buyers.”
Garces Rental and Property Management Corp. and Garces Realty have networks in the international market, particularly in Japan, Singapore, Korea and Australia, the statement said.
The units can be sold outright or rented out.
(May 11, 2005 issue)
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