Eyeing a growing demand for housing, a new player in Cebu’s property development industry recently launched three new projects that target the middle to high-end segments of the market.
Since its inception in 2001, Nexus Real Estate Corporation has established its reputation by selling subdivided lots and building house and lots in several of Cebu City’s prominent subdivisions.
And with a string of successful projects, Nexus Real Estate continues its mark as a reputable developer with three new projects composed of Kamalaya Residences, Cypress Point Townhouses, and the Villagio de Dolce Vita.
Kamalaya Residences is composed of exclusive 31 one-storey and two-storey houses ideal for new families from the middle cost market with unit prices that ranges from P1.5 to P2.5 million
This exclusive Eden is close to the South Reclamation Project (SRP), church, schools and similar institutions and has ready water and electricity connections, said Shanna Louise Te Lopez, VP for Sales and Marketing of Nexus Real Estate Corporation.
Villagio de Dolce Vita on the other hand is a relaxing, two-hectare community that captures countryside charm with town homes nestled amid the lush greenery of San Fernando.
Lopez said that The Villagio is composed of 300 units worth below one million as it aims to provide affordable housing to prospective clientele who hopes to establish their dream homes in the South.
While the Cypress Point Townhouses aims to capture the higher end of the market with 13 units that will showcase the first of its kind Southern Miami architectural design here in the country, said Lopez.
The exclusive townhouses in Cypress Point, located in Paknaan, Mandaue will be priced from five million to six million pesos, she said.
Lopez announced that all these new developments will be delivered by 2009 and this month they will already start with the ground breaking and the construction of Kamalaya Residences.
Nexus Real Estate’s portfolio of completed residential projects include the Pacific Village, Consolacion Valley, Roseville and among others.
The company is in between socialized housing players and high end developers as they focus on providing housing to the middle market composed of overseas Filipino workers and their families, start-up families and young executives.
Lopez said that the three new projects that they have shows their bullishness with Cebu’s property industry amidst the glooming crises.
She said that people may be holding on to their money right now considering the effects of lowered consumer spending, but their company believes that investments in housing are basic needs of people.
Being a new and a smaller player, Nexus Real Estate hopes to position itself as an affordable and quality-conscious developer, said Lopez.
“We are committed to developing secure and premium housing communities that people of varied lifestyles call home as we want to ensure total customer satisfaction. We are very bullish in our developments because we know that people needs a house so we will be continuously looking out for more lots to be acquired to build homes that people can own,” she said.
Nexus Real Estate is under the Urban Investor Group of Companies, engaged in lending, real estate and financing. Among its affiliated companies include Urban Investor Inc., Blue Mountain Financing Corp., RTL Enterprises, Pacific Pensionne, First Happy Rice People Company, WT Construction and JVT Enterprises. —Rhia de Pablo
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