‘The Flats’ addresses rising demand for co-living spaces

CEBU, Philippines — Cebu Holdings Inc., (CHI), the developer of Cebu I.T. Park and Cebu Business Park is moving to address the rising demand for shared living spaces in Cebu.

The Ayala-led publicly-listed developer announced the construction of its latest project called “The Flats” to meet the growing demand for shared living spaces in the city.

The project, which caters to working professionals and the millennial consumer segment, will open in Cebu Business Park and Cebu I.T. Park in 2021.

The Flats serves those who want to live closer to where they work, avoiding long commutes to free up more time to recharge and enjoy life which is a growing concern for many Cebuanos.

The Flats at the Cebu I.T Park will rise along JM Del Mar St. and will have 455 units. It will be a short walk away from Central Bloc, the latest Ayala Mall which will be opening in the last quarter of this year.

The Flats at the Cebu Business Park, on the other hand, is located along Mactan Road and will have 397 units.

Both projects offer well designed co-living units that can accommodate a maximum of four tenants. Each unit offers innovative storage solutions and a private bathroom giving tenants the privacy they need while living with others. Support areas for basic retail amenities such as laundry shops and convenience stores will also be made available.

The Flats was initially launched by CHI parent company Ayala Land in the Makati Central Business District and Bonifacio Global City. Committed to building sustainable communities, the Flats is a purposeful approach to address the growing needs of the new generation. It is now envisioned to complement the diverse residential and commercial developments in the two most progressive districts of Cebu.