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Vista Land sets projects in tourism areas

 Published on 25 July 2012 [ ]
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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