THE Development Bank of the Philippines (DBP) signed a memorandum of agreement with Contempo Property Holdings Inc. (CPHI) for a P200-million funding for the latter’s Bamboo Bay Community Tower One. Representing DBP at the signing was Lorna A Gallego, manager and head of the Cebu Branch, while Beverly Dayanan represented CPHI as its CEO.

CPI is a home-grown real estate developer that aims to shape communities of affordable homes in Cebu in response to the aspiration of mid-income Filipinos to live a better life among good neighbors in a nurturing, safe and secure environment.

Its flagship project, Bamboo Bay Community, was launched in 2013. It is a one-hectare Asian contemporary development that is master-planned to support three residential towers with a central core of resort amenities. Tower One is right on schedule with its development and is programmed to be turned over to homeowners by 2015. Tower Two was launched in January 2014 and will break ground on August this year. (PR)