Tuesday, April 26, 2011
A HOMEGROWN boutique real estate developer still sees room in the real estate industry here despite the presence of big players expanding their projects in Cebu.
Marvel Communities Management Inc. president Martin Qua said that although the coming of the “big names” in the real estate industry may pose a threat to local players, the expansion of their projects has made consumers more aware of design and architecture when acquiring real estate properties, particularly residential units.
“One good thing that these major players have brought to Cebu is the awareness and education of consumers in terms of design and architecture, which is good for the market,” Qua said.
He said these big developers have made Cebu a much more cosmopolitan area.
The presence of these big players has also changed the landscape of Cebu’s real estate industry and made it more competitive. Qua said small players like them should find their niche in the market.
Marvel Communities Management Inc. formally launched its latest project, Panorama, an urban residential resort development in Banawa, Cebu.
The one-hectare high-end pocket development has about 27 house units with an average lot area of 200 square meters priced at P8 million to P20 million. The developer said their project is ideal for starting families, retirees and well-traveled individuals.
“Developing exclusive themed communities is our niche market. Our projects are more of developing residential units for buyers who value architecture, design and personalized services,” Qua said.
Panorama’s amenities include a pavilion, an infinity pool with a view, back-up generator for common areas, underground electrical system, private garden with play area, and a tree-lined driveway.
Qua said that the company’s design consultant and master planner, Palafox Associates, integrated a contemporary tropical architecture in the project.
Marvel is also the developer of pocket-themed projects such as Banilad Place, Banilad Villas and Treehouse. The company is looking at developing another area in Banilad.
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