Saturday, July 6, 2013
AS property developer Cebu Green Peaks Development prepares to turn over units of its condominium project The Padgett Place Cebu next year, they announced that new buyers will be treated to playing rights and other privileges for another development they are completing in Liloan town.
Cebu Green Peaks chief operating officer Gladys Ceniza announced that investors of premium units will be given a certification for playing rights to the Duros Mountain Resort and Golf Club in Liloan, which is being developed by Duros Land. Duros Land and Green Peaks are subsidiaries of the Duros Group of Companies.
Though they declined to give details of the Liloan developments, Ceniza said that the project is a 130-hectare property in San Roque, Liloan that comprises an 18-hole executive golf course, hotel, residential villas and retreat center. Ceniza said the company will announce the project at a later date, but promised that once it is completed, it will be “a source of pride” for Cebuanos.
On schedule
Other planned amenities include a spa, playground, cable cars and other facilities for family members of golfers. Duros Group chairman Lito Barino said golfers can expect to tee off by 2015.
The company expects that this will entice investors to buy units from The Padgett Place Cebu, a 191-unit condominium project in Lahug, Cebu City.
Ceniza said they are on schedule for the turnover of units, expecting it to be done by the third quarter of next year. For now, they hope to sell off remaining units, having sold over half of them.
The company considers their flagship project an “investment grade” condominium. Ceniza explained that the features of their building are what attract investors.
She noted that even with 3,500 square meters of land, they are only building one tower with just a few units, allowing them low density and higher resale value. They are confident that their property will be in demand among expatriates and business owners that they are offering investors a guaranteed rental income program.
Safety and leisure
She added that the structure is designed for earthquake resistance, with a strength of 8,000 pounds per square inch that is double the standard strength of most buildings.
“Our construction did not compromise on the structure by using pre-fabricated walls as almost all condos today do. And for the safety of our residents, our master deed of restrictions does not allow LPG brought into the unit, nor do we have gas pipes running across the building,” she said.
Ceniza described The Padgett Place Cebu as a leisure condominium, offering lounges,
decks, gardens even on the top floors, chambermaid services, investment management services and unit management services. They have signed up with international property management firm Colliers for building maintenance and condominium operation management.
decks, gardens even on the top floors, chambermaid services, investment management services and unit management services. They have signed up with international property management firm Colliers for building maintenance and condominium operation management.
The project was named The Padgett Place because it was formerly called the Padgett Compound, once home to American Cyrus John Padgett, who retired in Cebu after a career in the US Army. It is also home to some century-old acacia trees, which, Ceniza assured, have been preserved around the property. For Project details, contact us +63917.3236123.
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