MANILA, Philippines - Communities
Pampanga, Inc., a unit of Vista Land & Lifescapes Inc., is seeking tax
perks for a mass housing project in Bataan.
“Notice is hereby given that
Communities Pampanga, Inc.,...is applying for registration with the Board of
Investments (BOI) as a new developer of low-cost mass housing project (Camella
Bataan) with a capacity of 298 low-cost mass housing units on a non-pioneer
status,” the BOI said in a published notice.
The new mass housing project is
located in Brgy. Tuyo, Balanga City, Bataan.
Communities Pampanga would be exempt
from payment of income taxes for four years if its application for registration
for the project is approved by the BOI.
Last month, Communities Pampanga also
filed an application for registration with the BOI on a non-pioneer status for
its other low-cost mass housing project Camella Fiorenza.
Camella Fiorenza which has a capacity
of 52 low-cost mass housing units, is located in Apalit, Pampanga.
Should the BOI approve the application
for registration for Camella Fiorenza, the firm would entitled to income tax
holidays for four years from the start of commercial operations of the project.
Communities Pampanga is wholly-owned
by Vista Land.
The firm is under Communities
Philippines, Inc., a subsidiary of Vista Land offering affordable residential
properties outside the mega Manila area.
Residential properties of Communities
Philippines are priced between P800,000 to P3.5 million.
Communities Philippines’ begun its
development efforts in Cebu, Cagayan de Oro and Pangasinan, but it has also
launched projects in other provinces around the country.
Apart from Communities Philippines,
Vista Land’s other business units are Brittany, Crown Asia, Camella Homes and
Vista Residences.
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