Thursday, May 1, 2008 [ philstar.com ]
Robinsons Land Corp. (RLC), the property arm of the Gokongweis’ JG Summit Holdings Inc., unveiled yesterday its latest offering — Residenza Milano, a middle-cost residential project featuring Mediterranean-inspired architecture, in Batangas.
Situated on a 7.3-hectare lot in San Isidro, Batangas City, Residenza Milano offers a total of 357 homes with floor areas ranging from 51 square meters to 151 square meters.
Buyers have the option to invest in a lot or in a package that includes housing with a minimum lot size of 100 square meters. Lots are sold at an average of P4,800 per square meter.
RLC said buyers are required to make a 30-percent downpayment which can be amortized in 12 months in equal monthly installments, and pay a reservation fee of P10,000. Financing is available for the remaining 70 percent of the purchase price which can be paid monthly for 15 years at 14 percent interest per annum.
Land development has been completed and is ready for turnover for fully-paid buyers, RLC said.
The project is five minutes away from the Batangas cityproper and is accessible to churches, schools, gasoline stations and commercial establishments. Landmarks near the site also include the Batangas International Port.
RLC has earmarked P10 billion this year for the development of four shopping malls, four residential condominium buildings, six housing subdivisions and two office buildings for BPO firms.
For its housing and land division, RLC currently has 27 ongoing projects and intends to launch at least three new and expansion projects per year to capitalize on the huge housing backlog and continuing growth in the number of households. These projects include Monte Del Sol, Costa Verde, Forest Parkhomes North, Hanalei Heights, Wellington Courtyard, Brighton Parkplace, Blue Coast Residences, Brighton Parkplace North and Montclair Highlands.
The company also has a pipeline of 29 residential condominiums for construction, aiming to launch at least three projects per year and tap new overseas markets which include Europe and the Middle East.
To ensure sustained growth of its residential condominiums division, RLC acquired several prime properties including two hectares in Fort Bonifacio and one hectare in the Ortigas central business district.
RLC also acquired five hectares of land with a 170-meter beachfront in Mactan, Cebu which will be converted into a landmark five-star condo-resort.
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