Asterra eyes Camarines Sur as next location for affordable condos

MANILA, Philippines — Asterra, the affordable condominium brand of the Villar Group, is setting its sights on Camarines Sur as the next site for its projects.

Arnaldo Lumague, Asterra’s Camarines Sur Division head cited the province’s distinct advantages as a property development: a robust economy, a favorable investment climate, and an exotic travel destination.

“To this buoyant mix, Asterra’s prospective buyers may add the opportunity to own stylish condo homes set in a friendly residential community,” he said.

A personal project of Vista Land Landscapes and Golden MV Holdings Inc. chairman Manny Villar, Asterra will soon launch more condominium projects in progressive cities and municipalities in the country. Its pilot developments are in Gen. Trias in Cavite, San Fernando in Pampanga and Calamba in Laguna.

Envisioned to put a new face on affordable condominium living, Asterra will introduce stylish high-rise homes to young professionals, retirees, returning OFWs, and local migrant workers who may likewise consider Asterra as a desirable option for property investments.

Camarines Sur in the Bicol Region has become the center of robust business in recent times. Although it is traditionally known for agricultural products such as rice, abaca and pili nuts, a diverse mix of industries that include tourism and manufacturing has bolstered the growth of the province’s economy that has, in turn, transformed the area into a bustling investment hub.