Manila, Philippines - The Board of Investments (BOI) registered in
May some P2 billion worth of investments for low-cost housing projects by six
property developers.
Data from the BOI showed that the
agency has registered the P951.32 million project of Amaia Land Corp. for the
development of Amaia Scapes North Point, a low cost mass housing project in
Talisay City, Negros Occidental.
The residential community will have 1,
379 housing units and will create 386 jobs. Commercial operation was expected
to have begun last March.
Amaia Land is Ayala Land’s venture
into affordable housing.
Also registered is the P172-million
project of Peter The Rock Properties Incorporated for the development of the
Amiya Rosa Subdivision in Lipa City, Batangas. Commercial operation is expected
to have started last April. Some 122 jobs will were created.
The subdivision will have a capacity
of 249 housing units.
Likewise approved for tax incentives
is the P89- million investment of Shelter Systems Development Corp. for the
expansion of the Sampaguita West 1 community in Lipa City, Batangas. The
expansion activity is expected to yield 294 housing units and employ 145
workers.
The P40-million investment of Fadcon
Realty and Development Corporation for the development of Villa Vieja 2 in
Bacoor, Cavite. The expansion project is expected to produce 36 housing units
and employ 63 workers. It was expected to have started commercial operations in
April.
DMCI-Project Developers Inc., was
granted tax incentives for the development of Siena Park Residences in Brgy.
Sun Valley, Paranaque City. The investment of P755 million is expected to
create 432 housing units and employ 191 workers. Commercial operations will
begin in October.
Filinvest Land Inc. is likewise
granted tax perks for its P891 million investment for the development of residential
community One Oasis Cebu in Brgy. Kasambangan, Cebu City. Some 1,932 housing
units are expected to be created and 174 new employment will be created.
Commercial operation was expected to have started last month.
The Investments Priorities Plan (IPP)
2011 identifies agriculture, tourism, ship building, mass housing, energy,
infrastructure, research and development, motor vehicles, green projects,
creative industries, disaster prevention; and public-private partnership as
strategic areas for growth and investments.
The BOI has not yet consolidated the
total investments approved for the second quarter of the year.
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