New local property developer in Gensan enters market

THE real estate industry in General Santos City is also starting to kick off with new players coming and currently developing housing projects.

One of these is the Jubilance, Inc. which is now on the first phase of development of their Lacewood Subdivision located at Nursery Road, Lagao, General Santos City. They target to complete the first phase by June of this year. The development now already has landfill and drainage system.

The project will consist of a 466 units in total – 177 raw socialized housing and 289 economic housing.

Jubilance, Inc. president engineer Dante Suico said the first phase is mainly of the construction of the socialized housing which is already sold out. By June 2018, they plan to immediately turn over the finished units to the buyers.

Their socialized housing house and lot unit, which has a lot area of about 50 square meters (sqm), cost P450,000 while the economic house and lot units measuring 100 sqm is priced at P1.7 million.

At present, there are still a lot of economic housing units available as they have sold only about 5 percent of the said units.

The entire socialized housing development will be in five different phases and four other phases for the economic housing which is expected to commence construction after the fifth phase of the socialized housing project.

“We have a huge open space where you can jog around, bike around. That’s about 3,800 square meters land area of open space. This is aside from the playground, the swimming pool, and the basketball court that we have. We will also have a multi-purpose building for events,” said Suico adding that they make sure that all units will have their own parking spaces.

Lacewood Subdivision is the first project of Jubilance, Inc. Their sales office is currently located at the second floor of RBK building, Magsaysay Avenue, General Santos City.
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