A DEVELOPER’S more than 15 years of experience in the real estate industry has resulted in the creation of a waterfront community that introduces the “smart living” concept to potential buyers.
Spanning 11 hectares along the coast of Minglanilla, Fonte Di Versailles is an Italian-inspired community that features a promenade, Wellness Park, beachfront clubhouse, a lagoon and four house designs—Alessandra, Delanna, Isabella and Gianina.
Paramount Property Ventures Inc. (PPVI), its developer, is currently doing simultaneous work on phase one that involves 123 house units in a five-hectare area and phase two that includes less than 150 units in a six-hectare area.
“It is our ultimate aspiration to come up with a subdivision that understands the needs of the meticulous buyers,” said PPVI consultant for business development and head for sales and marketing Boler Binamira.
He said that after an evaluation of existing homeowners, PPVI noted concerns that were not met or satisfied by other developers, such as security, ventilation and accessibility of rooms in a house.
As part of the “smart living” concept, Fonte Di Versailles offers security cameras at the guardhouse that can be accessed through a house owner’s cable TV and will build houses perpendicular to the sea to optimize ventilation. Roads are also designed for convenient driving.
Features
Each house model has “unique” features, like headboard switches. Alessandra, for instance, provides a 200-degree view of Bohol Strait, while a powder room is built next to the living area for Gianina models.
Since PPVI started pre-development selling in June, about 10 percent of the units are already sold. The prices of the units range from P6.8 million to P14.9 million.
Fonte Di Versailles is intended for the AB market and overseas Filipino workers (OFWs) who are “propelling the local real estate business.”
Despite the ongoing financial crisis in the US that is threatening more developed countries, Binamira said that they are optimistic that the Philippine economy will continue to pick up in terms of real estate, business process outsourcing and the agricultural sector.
“About 10 percent of our total population are OFWs but only a very small percentage of them, specially those assigned in the financial sector, are greatly affected by what is happening in the global economy. The rest are not and continue to invest in homes,” he said.
He also noted that the local financial institutions are aggressive in giving low interest rates for housing developments, including high-end homes, encouraging the local market to buy.
While 20 percent of the units at Fonte Di Versailles can be availed by financing, most of their buyers, including OFWs and local businessmen, preferred spot cash or deferred cash—stretched over several months without interest—as mode of payment.
PPVI is also the developer of The Residences of Coral Bay, a resort subdivision also in Minglanilla. Its 77 units were already sold out. For More info of Fonte de Versailles, call (+6332) 3181589 | +639173236123. (NRC)
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