Wednesday, November 02, 2005
Condo developer eyes Cebu market
Filipinos, especially those with entrepreneurial mind, are now becoming aware of the investment potentials of condominiums.
“People are also becoming more open-minded with the concept of vertical homes. Before, people think of houses with a playground, a front and backyard.
But now, people have realized the importance of living in a condominium,” said Laguna Properties Holdings Inc. (LPHI) project development officer Marz Encarnacion.
While some consider a condominium as an investment, others, especially those from Cebu, buy units for their children.
Encarnacion told a press conference at the Formo last week that LPHI, a subsidiary of Ayala Land Inc., is now aggressively selling its condominium properties to Cebu and other key provinces in the country.
LPHI’s condominium projects in Manila include Aeropolis New Manila on corner Bonny Serrano Ave. (JBN)
(November 2, 2005 issue)
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