RLC to start construction of resort complex in Cebu

 Robinsons Land Corp. (RLC), the property unit of the JG Summit group of tycoon John Gokongwei, will soon start construction of its first high-end master planned condominium resort complex in Cebu.

The leisure project, named AmiSa, will rise on a prime five-hectare property with a 170-meter beachfront located in Punta Engaño district in Mactan, Cebu.

RLC president and chief operating officer Frederick Go said the company’s decision to undertake a project in Cebu was brought about by several economic indicators which includes the area’s tourism potential and its being the preferred choice as investors’ destination.

Based on the latest tourism figures on Cebu, total foreign arrivals and domestic travels in the first half of the year grew 20 percent against the previous year with Koreans topping the list.

RLC has teamed up with sister firm Robinsons Savings Bank to provide financing for the project.

The financing scheme, Super Easy Home Straight Payment, features a single monthly installment amount from downpayment period with RLC until the end of the loan term with Robinsons Savings Bank.

Similar to how auto financing works, the buyers’ loans are pre-cleared with banks first, and only the down payment is paid in installment at zero percent interest. This means that buyers pay exactly the same monthly installment from downpayment build-up straight up to a 15-year maximum loan term. This way, qualified buyers don’t go through the hassle of looking for bank financing after full downpayment.

“This tie-up is just the beginning, we’re barely scratching the surface given our potential synergy with our sister company,” said Joaqui Ng, assistant vice president for RLC’s mortgage and buyer financing.