RLC to put up residential subdivision in Pampanga

Robinsons Land Corp. (RLC), the property development arm of Gokongwei flagship firm JG Summit Holdings Inc., is developing a mid-cost residential subdivision in Mabalacat, Pampanga in a joint venture with the Prieto family.

In a disclosure to the Philippine Stock Exchange, RLC said the project, called  Fernwood Parkhomes, will rise on a 15-hectare property  which is only a kilometer away from the Sta. Ines toll exit of the North Luzon Expresway.

RLC said it is giving buyers up to 10 percent across the board discount on the first two phases of development of the Mediterrranean-inspired Fernwood Parkhomes.  About 80 percent of the development has been completed with the first phase already sold out.

Buyers have the option to avail of a complete house and lot package or a lot only package with option for housing. Average selling price is P3,400 per square meter. 

About 750 units are available with the size of the lots ranging from 120 to 275 square meters. A 120-sqm lot costs only P408,000 and may be availed for as low as P4,940 monthly amortization for 24 months through bank or government partners.

“Fernwood Parkhomes is perfect for starting families who enjoy just the right space for their dream homes. It is also for best for balikbayans who prefer to invest their hard-earned reserves in the hometown where their hearts will always be no matter how far they are,” said Marilu M. Alferez, senior vice president and general manager of RLC’s Housing & Land Development Division.

 Alferez said Fernwood Parkhomes is a gated community with a guard house and is fully landscaped.  It also has a clubhouse with a swimming pool, multi-purpose court and jogging path.

RLC has already launched four residential subdivisions in Pampanga. These include Mirada Dos in Bgy. Sindalan in San Fernando City; Forest Parkhomes in Bgy. Pampang, Angeles City; and Rosewood Parkhomes in Bgy. Cutcut, Angeles City.

 RLC is a leading player in the real estate industry with a diverse mix of investment portfolio which includes shopping centers, high-rise residential condominiums and town houses, housing and land with residential subdivisions (projects and properties) office buildings as well as hotels.