JC ARMAMENTO Development Inc. (JCAD Inc.), a Cebu-based developer, signed a multi-million peso deal for the takeover of the Bethany Village Project in Bohol late last year.
The project will be renamed into Bethlehem Garden Homes, a Caribbean-inspired community of 309 houses of four different models, duplexes and two-storey single attached and singe detached houses.
Among the community’s features are a crafted and elegant gate with 24-hour security guard house, eight to 12-meter wide concrete road network, cemented curbs and gutters , ample water and power supply, underground drainage, ready cable and telephone lines, Wi-Fi zone, garden playground, basketball court and a multi-purpose hall for the homeowners.
Restituto Tan, the former owner and developer, signed the takeover deal of the project with JCAD Inc.
Considering that the project is the first and only approved complex subdivision in Bohol, the new developer is very optimistic that it will sell well and address the housing backlog of Tagbilaran City.
JCAD Inc. chief executive officer and president Arniel Joshua Armamento is a former disc jockey before working in Dubai, where he managed to build business capital and own several business there, including The Filipino Expats Magazine and Expat Entertainment.
He established JCAD with business partners, convinced of the opportunity in the real estate sector.
JCAD, which is located on North Road, Mandaue City, partners with Majestic LLC Group of Dubai , which is in the hospitality and finance business and headed by managing partner Omar Al Mazrooqi.
“JCAD Inc. is not only developing a subdivision, JCAD. Inc is building a community designed to meet international standards of urban living,” the company said in a press statement. (PR)
Published in the Sun.Star Cebu newspaper on January 14, 2011.
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