TAFT Property Venture Development Corp. (TPVDC) targets to construct 2,000 residential units in Cebu next year.
Manuel Colayco Jr., chief operating officer of Taft Property, said this development will cater to the middle- to low-end market segments.
“We are moving into this market because this is the biggest market in Cebu,” Colayco said during the 14th anniversary celebration of TPVDC last Friday at the Waterfront Cebu City Hotel and Casino.
The residential units, Colayco said, will be priced at P2 million to P3.5 million.
Although he declined to disclose which part of Cebu the developments will be located in, Colayco assured that the company will incorporate “green themes” in its designs.
Its target markets include young professionals, start-up families and middle-market employees.
Taft Property is a Cebu-based real estate developer backed by Vicsal Development Corp. of the Gaisano family.
Colayco said while the company has no new residential developments set for this year for Cebu, it still has 160 residential units left to be sold, particularly in Nichols Park in Guadalupe and Hacienda Salinas in Salinas Drive, Lahug.
Nichols Park is a British-inspired development that features three home designs (Buckingham, Westminster and Windsor) priced at P4.9 million to P8 million, while Hacienda Salinas is a Spanish-inspired development with three house models (Picasso, Michelangelo and Goya) priced at P4.2 million to P8.7 million.
During its anniversary celebration, Taft Property gave discounts to the first 14 buyers.
Taft Property also considers developing residential units in Biñan, Laguna this year.
Colayco said the new project will cater to the middle- to low-market segments. About 600 residential units will be developed at prices ranging from P1.8 million to P2.8 million.
Other developments of TPVDC in Cebu are Palm Heights, Palmas Verdes and Taft I.T. Zone in Mandaue.
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