naa nay tarp sa location sa soon-to-rise condominium sa Marco Polo. kita sad kos floor plan nga gipost sud sa hotel man 26 floors ang bldg(The Residences ang name gibutang). it will rise close to the hotel pero dili gyud nya ma block completely ang view sa city
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P9B worth of housing projects to rise in Cebu
(Real-estate sector continues to boom in Queen City)
By Cris Evert Lato
Philippine Daily Inquirer
Posted date: November 11, 2010
CEBU CITY, Philippines—A total of P9 billion worth of subdivision and condominium projects in Cebu has been recorded by the Housing and Land Use Regulatory Board Central Visayas Office (HLURB 7) from October 2009 to October 2010.
HLURB regional director Alixes Roy Lopez said this was a big leap from the estimated P2 billion projects recorded from October 2008 to October 2009.
“The projects from October 2009 to October 2010 is equivalent to 3,000 salable condominium units and 12,000 salable lots,” said Lopez.
Apart from Cebu’s image as the viable location for residential and commercial developments because of its location, Lopez attributed the increase to the regional office’s internal policy of implementing a 21-day processing period in filing and releasing licenses and permits to developers.
In some cases, he said, processing was even cut short to 14 days.
“This is the region’s way of supporting the battle cry of President Aquino that ”Kung wala corrupt, walang mahirap” and Vice President Binay’s eight-point program. We value transparency and commitment in our office,” said Lopez.
The condominium projects in Cebu include Amalfi Oasis and San Remo Oasis at Citi Di Mare of Filinvest Land Inc., Avida Towers of Avida Land Corp., and Marco Polo Residences of Federal Land Inc.
The Filinvest condominiums will be located within the South Road Properties, 300-hectare mixed-use reclamation property owned by the Cebu City government.
Avida is situated inside the Asiatown Information and Technology Park while Marco Polo Residences will be put up in Barangay Lahug, near the existing Marco Polo Plaza Hotel.
Subdivision projects, on the other hand, is a mixture of socialized, economic, mid-cost and open housing.
Most of the developments are in the cities of Talisay (southern gateway) and Mandaue (northern gateway) and the municipality of Minglanilla, the first southern town after Talisay City.
Lopez said the offices assisted municipalities in updating their comprehensive land-use plan through a six-module training program so they could provide better investment maps for prospective developers.
“Our approach needs to be pro-active. When an investor comes in, the municipality should have a land-use plan ready. Without (land-use plan), this may lead to corruption because some will just do spot zoning,” he said.
Lopez said the HLURB was also working on decongesting Cebu by encouraging real-estate developments to the neighboring provinces of Bohol and Negros Oriental.
View from the propose residential building
More images originally posted by Henz