Wednesday, April 23, 2008 [ manilatimes.net ]
One Asia Development Corp., one of the leading players in the property sector, said on Tuesday investors will put up a medical plaza, a condotel, and a call center in the company’s information technology park and commercial center in Biñan, Laguna.
One Asia, which also owns the Republic Biscuits and Asia United Bank, is spending P100 million for the development of the 10-hectare Laguna property.
Victor Manarang, president and chief executive officer of One Asia, said the whole project will be developed into three phases.
The development of the first phase of the project will be finished next month, the second phase in the third quarter of the year and the third phase in the last quarter of 2009.
The first phase of the Information Technology park has been approved by the Board of Philippine Economic Zone Authority.
Once completed, the IT park will have facilities for foreign and domestic locators involved in information and communication technology and business process outsourcing firms.
“One Asia Business Center is envisioned to be an IT park, with world-class locators involved in information technology business like call centers and medical transcription,” Manarang said.
The company currently sells 600 to 700-square-meter commercial lots with a price range of P8.9 million to P10.5 million and 200 to 400-square-meter retail lots at P3 million to P7 million.
The company targets half-a-billion-peso sales at end-December, said Jasmin Trinidad, assistant vice president of One Asia. --Katrina Mennen A. Valdez
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