GSP to add 600 condo units to Cebu portfolio

CEBU, Philippines — Southern Properties (GSP) is building over 600 condominium units to add to Cebu’s portfolio of affordable residential demand.

Called the Yello City @Salinas (YCS), the company known for its success in shipping, and hospitality sectors, will build a four to five mid-rise towers in an integrated community located in Salinas Drive Extension, Lahug, Cebu City.

The company’s first entry to residential development is designed for professionals, artists, young families, entrepreneurs, retirees, and the Overseas Filipino Workers (OFWs) markets.

In an interview with GSP business development officer Ronald Versaga, he said the entire project is scheduled for completion by 2029.

At present, the company is building the first tower, which will offer a total of 117 residential condominium units. Versaga reported that the property is already 30 percent sold two months after the units were opened to the market.

According to Versaga, with the encouraging sales performance, “we are pushing for the launching of the second and third building.”

Focused with its unique selling propositions “You Connect, You Create, You Commune,” the company vowed to build a quality, yet affordable homes situated within Cebu’s business district.

YCS units are pegged as low as P2.5 million. The future community will be designed to promote creativity, sustainability, connectivity, and convenience.

Versaga said with the company’s success in operating a hospitality business—the Yello Hotel, YCS will build a hotel-like lobby with a coffee nook and concierge services.

GSP has been a trusted name in the real estate industry, known for its commitment to quality, sustainability, and customer satisfaction. With decades of experience in property development,

The company has successfully built communities that prioritize the well-being and aspirations of their residents. Its dedication to delivering on-time, high-standard projects ensures that each property is more than just a space—it’s a home where dreams can thrive.

Backed by a strong legacy in logistics and supply chain, hospitality, and now real estate, GSP brings the same dedication to excellence in every project it undertakes.

YCS Building 1 is a key component of the expansive 8,299-square-meter YCS project, marking a significant addition to Cebu City’s real estate landscape. The company shifted from initially positioning it as a “township development” to purely residential to cater to a wider market, Versaga added.

GSP’s venture into the residential market is driven by the country’s growing housing backlog, Versaga said explaining further that the project aims to help meet the rising demand, particularly within this price segment. — (FREEMAN)