Updated April 22, 2009 12:00 AM [ philstar.com ]
MANILA, Philippines - The Taguig City government announced it will provide first-rate housing for city employees since the construction of a high-rise condominium in the city will soon start.
A twin-tower building will soon rise on a lot located along Levi Mariano Avenue in Barangay Ususan.
“This housing program gives opportunity for ordinary people like our city employees to experience what it feels like living in a high-end condominium unit at a very affordable cost. We believe that this gives a boost to their confidence and sense of worth,” Mayor Sigfrido Tiñga said.
The condominium project features two 24-story buildings that will house more than 720 units. It boasts of hotel and residential facilities, and high-class amenities, such as swimming pool, fitness gym, parking spaces and a 24-hour security, considered at par with high-end condominiums in the city.
More than 70 percent of the units will be sold exclusively to city employees, including city hall personnel, teachers, and police, at affordable prices and flexible payment terms. The rest will be open to the market.
Each condominium unit will be sold for at least P680,000. Employees can apply for loans from the Pag-ibig Fund, Social Security System, and the Government Service Insurance System to buy a unit.
Tiñga earlier led city and barangay officials in laying the time capsule of the “Sea and Sky Residences” condominium project.
He also announced that the Felino Marcelino Sr. Memorial Stadium will be built on a 2.8-hectare property also in Barangay Ususan. The stadium, which can hold up to 2,000 spectators, will feature separate baseball and football fields.
“With the construction of the stadium and a proposed wakeboarding site in the lakeshore area, Taguig City is envisioned to be the country’s next sports destination, where local, national and even international sports tournaments will be held in the future,” Tiñga said. – Rhodina Villanueva