Written by James Konstantin Galvez,
Reporter
The
country’s top property developer Vista Land and Lifescapes Inc. has earmarked
more than P2 billion for the three projects in the prime tourist destinations
of Vigan, Tagbilaran, and Puerto Princesa.
During the
company’s fifth listing anniversary celebration, Manuel Paolo Villar, Vista
Land president and chief executive officer, announced that the company is now
the Philippines’ top property developer in terms of geographical reach,
spanning 28 provinces and 58 cities and municipalities.
“We have by
far the broadest geographic reach of any developer with a land bank of 1,830
hectares,” he said.
The
company’s land bank includes properties in key tourist areas that are now being
developed in line with the government’s tourism drive.
Now the
company is gearing up for the launching of three projects along the country’s
so-called tourism highway, namely Vigan in Ilocos Sur, Tagbilaran in Bohol and
Puerto Princesa in Palawan.
Vigan is
famous for its Spanish-era houses and cobblestone streets, as well as its
unique street food; Bohol is known for its Chocolate Hills and the indigenous
tarsier; while Puerto Princesa gained worldwide prominence with the declaration
of its underground river as one of the Seven Natural Wonders of the Modern
World.
The
projects, which will cover a total of 34 hectares, involve the construction of
about 2,400 housing units that will have a market value estimated at P5
billion. They are among the residential subdivisions that Vista Land plans to
launch this year.
In 2011, the
company launched 23 projects worth a total of P21 billion.
All three
projects are under the Camella brand, the flagship of the Vista Land group.
Camella Homes Tagbilaran is located in Barangay Bool, with a rolling terrain
that rises gently to the foot of Banat-i Hill, the city’s highest point, at
about 150 meters above sea level, providing a priceless view of the Mindanao
Sea.
The Camella
project in historic Vigan, which has been declared a World Heritage Site by the
United Nations Educational, Scientific and Cultural Organization, sits on a
15-hectare property in Barangay Cabaroan in Bantay town at the heart of the
city, where Plazas Salcedo and Burgos, the St. Paul’s Cathedral and the nearby
Calle Crisologo and Plaridel Street are the favorite tourist spots.|
Camella
Puerto Princesa makes for an idyllic living space for those who put great
premium on vacationing or retiring in clean and green surroundings, with the
beaches and resorts just two kilometers away.
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