Landco transforms leisure into valuable investments

Monterrazas de Cebu, Landco Pacific Corp.'s first multi-billion real estate project in Visayas and Mindanao, is aimed at providing Cebuanos a leisure lifestyle worthy of their investments.

Manila-based real estate developer, Landco, partnered with Villalon-owned company Genvi Development Corp. in this P5 billion joint venture to develop a high-end residential mountain resort deemed to be the company's key project for the Visayas and Mindanao region.

During a press conference at the La Maison Ayala yesterday, Alfred Xerez-Burgos III, SBU head of Leisure Farms, said the company has been wanting to have its own development project in Cebu, however, circumstances have not allowed them to do so until such time that the Villalon property paved way for the company's dream to finally launch its presence in VisMin.

"Landco is fairly new in Cebu but with the property of the Villalon siblings, Augusto and Margarita, which fits all the requirements Landco looks for in a property to develop, it's huge around 210 hectares, prime location, and fits our market positioning, which is high-end leisure development, we'll definitely reach that critical mass" Burgos said.

Landco VisMin group VP and Head Michael Reyes said like a rough gem, the company is making sure it will be cut properly and polished to perfection to give Cebuanos the "high-end" living they truly deserved.

The first phase of the project will be located in Guadalupe with around 600 to 800 lots measuring 300 to 700 square meters.

The whole development, which is expected to continue for 10 years, will feature houses and lots, townhouses, condominiums, gardens, trails and other amenities.

Initial selling will start in May with lot prices ranging from P8, 000 to P15, 000 per square meter.

The success of Monterrazas de Cebu, will serve as Landco's springboard for other ventures into the other provinces like Zamboanga, Iloilo, Davao and Cagayan de Oro.

The 210-hectare hillside property of the prominent Villalon clan in Cebu covers portions of Barangays Guadalupe, Tisa, Labangon, Buhisan and Sapangdaku. The triangular shaped property covers a cluster of eight hills, with a peak elevation at 330 meters above sea level. It boasts of the best views of the city, the sea, and the nearby islands of Mactan and Bohol.

Monterazzas de Cebu will have the same standards on quality with Landco's other projects such as Terrazas de Punta Fuego in Nasugbu, Batangas and Ponderosa Leisure Farms in Silang, Cavite, among others.

Reyes said the project has already attracted a number of interested buyers, not only from Cebuanos, but also from the non-Cebuano markets as well.