The HOMEGROWN real estate developer Priland Development Corp. has partnered with Ambaco Realty Inc. to develop a 3.1 acre property in Pagsabungan, Mandaue City into a mixed use facility over the next 10 years. It will have a total of 4,320 units or 288 units per 15 story tower.

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“We are excited about this partnership with Ambaco Realty, as we both share the mission to build high quality homes. The pandemic has increased the importance of having one’s own space. This joint venture will provide an economic option where Filipinos can have a home that they can truly call their own, ”said Ramon Carlo Yap, President of Priland. Ambaco Realty Inc., founded in 1989, is a family-owned company with a diverse real estate portfolio including agriculture and medical tourism. “With Priland’s expertise in real estate development and the potential we see in the area, we believe this partnership will bring convenience to individuals and families alike that will provide the security and accessibility you want in a home, ”said Ceasar Augustus Amigo, Corporate Treasurer of Ambaco Realty Inc. Priland will officially open PiliFlats Garden Place next year. It will initially offer three towers for pre-sale. The group will begin building phase 1 in 2023. “The development of the project will be phased out over 10 years,” he said to be a rental and a passenger terminal. The project will also have amenities and facilities such as a front gate, parks and play areas, pocket gardens, swimming pool and clubhouse. PiliFlats Garden Place is the company’s first foray into the commercial housing segment as the Covid-19 pandemic saw this segment have a robust one Demand as more Filipinos choose to buy homes amid economic hardship. PiliFlats Garden Place is geared towards starting families, young professionals and Filipino workers overseas and offers a studio (22 square meters) and a bedroom (44th). Square meters) units that offer options to suit various lifestyle needs. Yap said the units will go on sale from 1.7 million pesos during the pre-sale period. PiliFlats is one of the numerous Priland developments in Metro Cebu. Earlier this year, the local developer broke ground for two of its vertical projects – Vertex Central along Archbishop Reyes Ave., the tallest building in Cebu City, and the first phase of the one-acre Paseo Grove on Mactan Island. (KOC)

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