Primeworld tops off first project in the Visayas
Manila-based Primeworld Land Holdings Inc. topped off its
first vertical condominium project in Mactan Island, Cebu as it rides
with the growing demand for vertical projects in the area.
The topping off was lead by Johnny Uy, Chairman of PLHI. The
developer is poised to build a township project in Barangay Agus,
Lapu-Lapu City, Mactan Island Cebu dubbed the Primeworld District. The
4.6-hectare development will have a seven-tower resort-themed
condominium complex.
It will offer a wide array of facilities and amenities
such as sports areas and swimming pools with plenty of open spaces to
provide a tropical atmosphere. The average price for one-bedroom and
two-bedroom units range from P2.3 million to P3 million.
Primeworld Land Holdings Inc. is an organization that is
committed to building safe, quality, and affordable communities for
Filipinos and foreign national, concentrating mainly on mass housing.
With the company being originally based in Manila, the project in Mactan
Island Cebu marks its very first development in the Visayas.
“With the top off, the first tower will be delivered on
the first quarter of 2022,” said Helen Zafra, Resourceworld Management
Corporation’s Sales and Marketing Manager in a phone interview with CDN
Digital.
Topping off traditionally means the commemoration of the completion of a building’s structure.
Booming housing developments
The whole district is expected to have a hotel, commercial spaces, and a Business Process Outsourcing (BPO) building.
With its resort-style amenities, Primeworld targets to
cater VPs and the A, B, and C market as well as people who are working
abroad who plan to invest in a unit in Mactan Island, Cebu.
“The residential towers will also be Airbnb friendly,” said Zafra.
Asked why the developers choose to invest in Mactan, Zafra said that Primeworld understands that the city is booming in terms of the demand for property developments.
The local is also approximately 20 minutes from the Mactan
Cebu International Airport. And with the construction of the
Cebu-Cordova Link Expressway (Third Bridge), the demand for housing
development is also expected to rise.
With the rise, Primeworld is looking into building more condominium towers in the city and in mainland Cebu.
Primeworld is continuously build subdivision and
condominium projects in Luzon, Visayas and Mindanao and is still looking
for possible development.
Zafra said Primeworld is also considering expanding its portfolio in Bohol, also considered a hotspot for tourism.
According to Colliers International Philippines, national
developers’ aggressive expansion on integrated communities has redefined
the property landscape of the island. It has seen growth in developing
condo projects and attributed the significant increase of land values.
With the topping off, Primeworld continues its promise of providing city convenience, in an island living.
