Wednesday, August 06, 2008 Developer assures affordability of projects despite higher costs
E. Ganzon Inc. (EGI), developer of EGI Taft Tower, EGI Albergo di Ferroca, Egi Homes Cavite and EGI City By the Sea Building 3, has recently announced that the prices of these prime property developments remain affordable for its valued prospective buyers.
This, despite increasing prices of construction materials, particularly cement and steel.
The price increases and rising cost of other inputs in real estate and construction activities, is bound to hit developers hard. How long can EGI sustain its prices will depend on its efficiencies for churning out production outputs.
EGI’s value engineering techniques have been proven to be very effective. Sharing the benefits of its construction methodology, which it has developed for over a quarter of a century, it has always shielded its development partners, who later made it big in the business on their own.
EGI’s Taft Tower, along 2339 Taft Avenue, near De la Salle University and University Suites in the University Belt, M.V. de los Santos St., Sampaloc, Manila, are both ready for occupancy. Positioned as residences for students and professionals working in the vicinity, the price of its condominiums here is in the range of P2 million to P3 million only. Some of the units are even for rent, to help students through with the high cost of living in Metro Manila.
EGI Homes Cavite units are priced at P1 million and are available through Pag-ibig and Provident Funds financing in the Cavite Export Processing Zone. The units may be attractive to small families in industrial zones in Cavite Province and are easily accessible by public transport through the Bacao II Diversion Road in Gen. Trias town
The EGI Albergo di Ferroca in Bagiuo City and the EGI City By the Sea Building 3 condominiums in Lapu-Lapu City are also ready for occupancy and are suitable for investors who may want to cash in on the tourism potentials of the two cities.
The company is urging people who want to hedge to buy EGI condominum units now before prices would fail to hold. “This way, they can assure themselves of profitable, low-risk investments that endure their lifetime,” EGI said. (PR)
