MANILA, Philippines - Cityland
Development Corp. (CDL), a member of the Cityland Group of Companies, has
unveiled its newest project, the 27-story medium-sized residential condominium
Pines Peak, in Mandaluyong City.
In a disclosure to the Philippine Stock
Exchange, CDC said Pines Peak, which will rise along the corner of Union and
Pines streets in Mandaluyong, is targeted towards the fast-paced Filipino
family.
Pines Peak will have more than 1,000
units with sizes ranging from 16 square meters to 40 square meters. Each floor
may house 50 units.
A studio unit may sell for around P1.2
million while one-bedroom units may be priced at around P1.5 million each.
Two-bedroom units may be sold at P2.1 million to P3.1 million each.
Amenities include a swimming pool,
multi-purpose function room with movable playset, viewing deck and 24/7
security.
CDC said friendly and flexible payment
terms are available to interested buyers. Special discounts will also be given
for the early buyers during the project’s launch.
The Cityland Group is a trusted name
in the real estate industry given its track record of developing condominiums.
It has been in the real property development business for over 25 years.
Aside from CDC, the group has two
other units – City and Land Developers (CLD) and Cityland Developers.
CDC was formed in 1978 to engage in
the development of land for residential, office, commercial, institutional and
industrial uses. The company’s projects include medium to high-rise offices,
commercial and residential condominiums located in Makati, Mandaluyong and
Ortigas in Pasig, and farmlots in Bulacan and Cavite. – Zinnia dela Peña
CLD, on the other hand, caters to the
low-to-middle income segments since its projects are offered at affordable
prices. It developed
residential units in Paranaque as well
as an office and residential condominium project in Ortigas Center.
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