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Cebu Landmasters posts stellar Q1 2022 growth, revenue up 53% y-o-y
Leading developer in VisMin Cebu Landmasters, Inc. (CLI) reported outstanding Q1 2022 revenue growth of 53% to Php3.56 billion from Php2.3 billion in Q1 2021, with all business units registering stellar performance.... read more
Priland Development Corporation has inked a partnership with Ambaco Realty Inc. for 15-tower mixed-use residential development in Madaue City, marking the homegrown developer’s first foray into the economic housing market.
The Php 5 billion joint venture will develop a 3.1-hectare vertical subdivision in Pagsabungan, Mandaue City to provide an affordable, safe, and convenient address within the metro.
"We are excited for this partnership with Ambaco Realty as we both share the mission of building quality homes. The pandemic reinforced the importance of having our own spaces. This joint venture will offer an economic option where Filipinos can have a home they can truly call their own,” said Priland President Ramon Carlo Yap.
Ambaco Realty Inc. is optimistic about this joint project. Established in 1989, the family- owned corporation has a diverse portfolio of properties including agriculture and medical tourism.
“With Priland’s expertise in real estate development and the potential we see in the area, we believe that this partnership will give individuals and families alike the comfort, security, and accessibility that they are looking for in a home," said Ceasar Augustus B. Amigo, Corporate Treasurer of Ambaco Realty Inc.
PiliFlats will house 15 residential towers, a commercial building, roadways, and a passenger’s terminal. The project will also have amenities and facilities such as an entrance gate, parks and playgrounds, pocket gardens, a swimming pool, and a clubhouse.
Targeted towards starting families, young professionals, and overseas Filipino markers, PiliFlats will offer studio and one-bedroom units, providing options that can accommodate various lifestyle needs.
PiliFlats Garden Place is Priland's first project under their economic housing brand developer’s response to the high demand for affordable housing in Metro Cebu.
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