Vista Land Unveils P5-B Residential Projects Along ‘Tourism Highway’ Sites | The Manila Bulletin Newspaper Online
July 25, 2012 § Leave a comment
ANILA, Philippines — Vista Land & Lifescapes Inc., the top property developer in terms of geographical reach, is investing initially over P2 billion for P5 billion worth of residential projects along the country’s so-called “tourism highway.”
Located in Vigan in Ilocos Sur, Tagbilaran in Bohol, and Puerto Princesa in Palawan; these projects expands Vista Land’s reach to 28 provinces and 58 cities and municipalities throughout the country.
Vista Land President and CEO Manuel Paolo Villar said Vista Land has earmarked more than P2 billion for the three projects in Vigan, Tagbilaran, and Puerto Princesa, all prime tourist destinations.
“We have by far the broadest geographic reach of any developer with a land bank of 1,830 hectares,” Villar said. The company’s land bank includes properties in key tourist areas that are now being developed in line with the government’s tourism drive.
Vigan is famous for its Spanish-era houses and cobblestone streets, as well as its unique street food; Bohol is known for its “Chocolate Hills” and the indigenous tarsier; while Puerto Princesa gained worldwide prominence with the declaration of its underground river as one of the Seven Natural Wonders of the Modern World.
The projects, which will cover a total of 34 hectares, involve the construction of about 2,400 housing units, will have a market value estimated at P5 billion. All three projects are under the Camella brand, the flagship of the Vista Land group.
They are among the residential subdivisions that Vista Land plans to launch in 2012.In 2011, the company launched 23 projects worth a total of P21 billion.
Camella Homes Tagbilaran is located in Barangay Bool, with a rolling terrain that rises gently to the foot of Banat-i Hill, the city’s highest point, at about 150 meters above sea level, providing a priceless view of the Mindanao Sea.
The Camella project in historic Vigan (which has been declared a World Heritage Site by the UNESCO) sits on a 15-hectare property in Barangay Cabaroan in Bantay town at the heart of the city, where Plazas Salcedo and Burgos, the St. Paul’s Cathedral and the nearby Calle Crisologo and Plaridel Street are the favorite tourist spots.
Camella Puerto Princesa makes for an idyllic living space for those who put great premium on vacationing or retiring in clean and green surroundings, with the beaches and resorts just two kilometers away.