HOMEGROWN PrimaryHomes Inc. (PHI) commenced on Thursday, Dec. 15, 2022, the construction of third tower that will complete the firm’s first resort-style condominium in Panglao Island, Bohol.
Royal Oceancrest Panglao is made up of three mid-rise buildings set on a 1.3 hectare site in San Isidro, Dauis, Paglao Island. It offers 456 units consisting of smartly designed studio and one-bedroom condominium residences sized between 28 square meters (sq.m) and 32 sq.m.
The groundbreaking ceremony was spearheaded by PrimaryHomes president Stephen Charles Liu, and PrimaryHomes vice president for sales and marketing Ramero Espina.
Royal Oceancrest Panglao will have resort-style amenities perfect for vacation getaways. It will feature an infinity pool, lap pool, multi-function tennis court, and function rooms. There will also be meditation gardens, strolling lanes, a fitness gym, a kiddie pool and play areas, and other wellness amenity features.
“Royal Oceancrest Panglao is now sold out based on the company’s projection,” the Cebu-based property developer said.
Construction for this development is now in full swing and on track for the scheduled first batch of turn over to its investors by the last quarter of 2023.
Royal Oceancrest Panglao is five minutes away from the Panglao beaches and the airport, and 20 minutes from Tagbilaran City.
Panglao a growth center
As an emerging growth center in the Visayas, Panglao has many exciting things to offer with tourism as one of its major economic drivers.
It is famous for its white sand beaches and world-renowned dive sites. It has many hotels, resorts and restaurants that cater to all types of tourists.
Scuba/free diving, snorkeling, spelunking, island hopping, cliff diving, kite surfing and other fun activities are a plenty in the island as well.
The new Panglao International Airport is expected to bring in more developments and domestic and international flights as well.
“More flights, more tourists, and more investments are coming in. Such a scenario would translate to higher appraisal value and demand for vacation rental units for Panglao properties,” said Espina.
“You can never go wrong with a property investment in a location like Panglao Island. You will have a steady source of passive income from your vacation rental investment and it’s also a ready-to-go retirement option,” he added.
Following the success of the project, PHI is set to launch its second Royal Oceancrest condo in Panglao Island which will be situated in Dao, Dauis.
For those looking for a profitable investment, acquiring a property investment is easy and hassle-free through PHI’s flexible financing options.
“With the developer’s solid track-record of 30 years in the real estate industry, investments with PrimaryHomes are indeed safe and secure. Royal Oceancrest Panglao’s superb combination of strategic location, resort features, and well-constructed units makes it truly a rewarding investment,” the company said. (KOC WITH PR)