A 20-HECTARE township project will soon rise in the northern town of Compostela, Cebu by property developer, Kinmen Land Developer Inc.
Bennett Palang, chief executive officer of Kinmen Land Developer Inc., said their group is set to take an aggressive stance this 2019 with its first township project.
"We are a family-owned corporation composed of four siblings and our parents. It started ways back when our parents started purchasing properties for investment. During their time, they had a very conservative approach in developing real estate," Palang said.
The company, established in 2005, was named after the hometown of its patriarch in Fujian, China.
Its first development project was The Strip Mall at Pala-o, Iligan in 2006.
"We are into construction and hardware importation but now this is our biggest venture so far. Hopefully, this will continue to grow more," he said.
Kinmen Land partners with Estates and Frontiers Group (EFG), a management consultancy firm.
EFG CEO, Lyds Eco, said the township will be anchored around a four-hectare ranch with horses, glamping spots, land cabin diners and firing ranges.
"It will be developed into a destination place where families can spend the weekend and at the same time be the amenities for the subdividion," Eco said.
Dubbed as Project Santiago, it is projected to have 2,000 units for residential intended to occupy 16 hectares of the land area and will have 17 phases.
"The property is a sprawling 20-hectare by the river estate in Compostela. It is not just a residential development because we wanted to give our buyers the chance to get back the country feel and it'll be very environment-friendly," she said.
The property targets mid to high-range families.
Construction will start on the fourth quarter of 2019 and is targeted to be completed in five to ten year's time.
"The township would give the clients the cycle of live, work and play. We wanted them to have leisure and commercial activities," Eco said.
The property is located in Barangay Tamiao which is 1.8 kilometers away from the national highway and is near the Cotcot River. (SunStar Cebu)