Lite Properties breaks ground on new housing project

HOMEGROWN Boholano real estate company Lite Properties Corporation is pouring more investments in key areas of Bohol province amid projections of sustained economic growth.

Lite Properties held groundbreaking ceremonies on March 8 for Corella Homes, a mid-range and economic housing development located just outside the bustling capital of Tagbilaran City.

Lucio E. Lim, Jr., president and CEO of Lite Properties, said they want to help boost the economy of Corella.

“This is going to be our biggest project. This is a landmark project for us,” he said in a speech during the groundbreaking ceremony and burying of the time capsule.

Corella Homes will rise on a 25,000-square-meter property along the highway in Barangay Poblacion. It is only around seven kilometers away from Tagbilaran City, 7.2 kilometers away from the Integrated Bus Terminal, and 7.5 kilometers away from a city mall and the Tagbilaran City Hall.

Although very near the city center, the location of Corella Homes boasts of a getaway for its future homeowners. The site is surrounded by trees and lush greenery which are a welcome respite from the fast-paced urban scene.

Lim said that based on their discussion with Corella Mayor Jose Nicanor Tocmo, the municipal government wanted to limit the number of housing developments in order to preserve the nature and environment of the town.

“Corella has a nice environment. Corella is a nice name. That is why we did not call the project with another name. We called it Corella Homes because we are proud of your name,” Lim told the crowd which included municipal officials, barangay officials, government agency representatives, brokers and agents, and other guests.

Once completed, Corella Homes will have a total of 209 housing units. It will be comprised of 100 two-story townhouse type units (Sanya), 24 two-story duplex type units (Kamina), 10 two-story single detached type units (Arica), eight two-story single attached housing units (Adina), and 62 economic type bungalows.

It will also have five units of commercial spaces.

The developer is still finishing the fencing of the property and will soon start accepting unit reservations through their Sales and Marketing Office located at the 3rd Floor of Lite Port Center.

Corella Homes is the second housing project of Lite Properties in Bohol. Their first project is the Lirio Residences in Barangay Booy, Tagbilaran City, which has 31 mid-market housing units.

The company also operates the first strip mall in Bohol called Lite Port Center Mall along Gallares St., Tagbilaran City.

Lite Properties also has developments in Cebu. These include Lucena Homes in Minglanilla Town and Luciana Residences in Cordova on Mactan Island.

Lite Properties is the real estate arm of Lite Holdings Inc. and an affiliate of Lite Shipping Corporation. (PR)


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