Sunday, November 25, 2012
FOLLOWING the success of its flagship project in Cebu Business Park,
real estate firm Apple One Properties Inc. is going to invest P2
billion on a residential project in Good Shepherd Road in Banawa that it
is projecting to complete in five years.
Apple One Properties Inc. executive vice president Yvet Andalis said the new project, which sits on a 2.8-hectare property in Banawa, will have three residential concepts with a total of 1,311 units.
The project, called Apple One Banawa Heights, will have six three-storey mansionettes, 10 four-storey villas and three 12-storey towers that are divided into private clusters to provide residents privacy and exclusivity. Residents will only have two to five neighbors for each floor.
Andalis said Apple One Banawa Heights is inspired by residential units found at the San Francisco Bay Area Pacific Heights in California. The units will have Victorian themed house designs.
ENJOY GOOD LIFE + INVESTMENT, CLICK HERE
Demand
Andalis said that apart from Cebu’s booming economy, the continued demand for housing, specifically in the vertical category, prompted them to embark on another project.
Apple One Properties Inc. is a homegrown company managed by a group of Cebu-based construction companies. Among its sister-companies are the Diamond Suites, Apple Tree Suites Cebu, Apple Tree Resort and Hotel in Cagayan de Oro and Boardwalk Residences.
CBRE Philippines earlier reported that the expansion of multi-national companies and the inflow of more outsourcing and off-shoring companies are keeping the housing demand strong in the Philippines.
CBRE chairman Rick Santos said the positive outlook on the country’s economy, complemented by the healthy investment environment and low interest rates, are key factors in buying homes especially by overseas Filipino workers.
He said the Philippines has the lowest interest rates and best financing schemes for home ownership today at the range of five percent to 11 percent for short or long-term payment schemes. He said this has opened opportunity for more Filipinos to become owners rather than renters.
Alternative
“Our investments are geared towards demand-driven projects. What we are building is a community that is a good alternative to condominiums…we are revolutionizing the housing experience, given the three residential concepts in one gated community,” Andalis said in an interview last Friday.
As soon as the company secures the necessary permits, they might begin construction by next year. Andalis said they will initially build 570 units, which include 292 units for the towers, 48 units for mansionettes and over 200 units for villas.
The construction will be done in three batches. The first batch will be turned over after two years of construction.
The firm’s primary target market are end-users that belong to the mid-market segment category. Andalis said they will also target Pag-ibig members who have not invested on housing yet.
Residential units for the towers are priced from P1.3 million to P3.1 million; villas at P2.5 million to P2.9 million; and mansionettes at P3.6 million to P4.2 million.
Among its amenities include pocket retail shops, swimming pools and pocket gardens.
The company has also allotted 70 percent of its development for open space. For more info about our project, contact us at +63917.3236123.
Apple One Properties Inc. executive vice president Yvet Andalis said the new project, which sits on a 2.8-hectare property in Banawa, will have three residential concepts with a total of 1,311 units.
The project, called Apple One Banawa Heights, will have six three-storey mansionettes, 10 four-storey villas and three 12-storey towers that are divided into private clusters to provide residents privacy and exclusivity. Residents will only have two to five neighbors for each floor.
Andalis said Apple One Banawa Heights is inspired by residential units found at the San Francisco Bay Area Pacific Heights in California. The units will have Victorian themed house designs.
ENJOY GOOD LIFE + INVESTMENT, CLICK HERE
Demand
Andalis said that apart from Cebu’s booming economy, the continued demand for housing, specifically in the vertical category, prompted them to embark on another project.
Apple One Properties Inc. is a homegrown company managed by a group of Cebu-based construction companies. Among its sister-companies are the Diamond Suites, Apple Tree Suites Cebu, Apple Tree Resort and Hotel in Cagayan de Oro and Boardwalk Residences.
CBRE Philippines earlier reported that the expansion of multi-national companies and the inflow of more outsourcing and off-shoring companies are keeping the housing demand strong in the Philippines.
CBRE chairman Rick Santos said the positive outlook on the country’s economy, complemented by the healthy investment environment and low interest rates, are key factors in buying homes especially by overseas Filipino workers.
He said the Philippines has the lowest interest rates and best financing schemes for home ownership today at the range of five percent to 11 percent for short or long-term payment schemes. He said this has opened opportunity for more Filipinos to become owners rather than renters.
Alternative
“Our investments are geared towards demand-driven projects. What we are building is a community that is a good alternative to condominiums…we are revolutionizing the housing experience, given the three residential concepts in one gated community,” Andalis said in an interview last Friday.
As soon as the company secures the necessary permits, they might begin construction by next year. Andalis said they will initially build 570 units, which include 292 units for the towers, 48 units for mansionettes and over 200 units for villas.
The construction will be done in three batches. The first batch will be turned over after two years of construction.
The firm’s primary target market are end-users that belong to the mid-market segment category. Andalis said they will also target Pag-ibig members who have not invested on housing yet.
Residential units for the towers are priced from P1.3 million to P3.1 million; villas at P2.5 million to P2.9 million; and mansionettes at P3.6 million to P4.2 million.
Among its amenities include pocket retail shops, swimming pools and pocket gardens.
The company has also allotted 70 percent of its development for open space. For more info about our project, contact us at +63917.3236123.
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