The Taft Property Venture Development Corp. (TPVDC) is targeting to build by next year 2,000 residential units priced at P2 million to P3.5 million each that will cater to the middle-end to low-end market in Cebu, a company official said.
TPVDC chief operating officer Manuel Colayco Jr. told the Sun.Star Cebu newspaper that the market segment they are targeting “is the biggest market in Cebu.” He said they are targeting young professionals, middle-market employees and new families.
Taft Property is a Cebu-based real estate developer that is supported by Vicsal Development Corp. of the Gaisano family.
“Colayco said while the company has no new residential developments set for this year for Cebu, it still has 160 residential units left to be sold, particularly in Nichols Park in Guadalupe and Hacienda Salinas in Salinas Drive, Lahug,” Sun.Star Cebu said in its report.
Nichols Park is a British-inspired development that features three home designs—Buckingham, Westminster and Windsor—priced at P4.9 million to P8 million, while Hacienda Salinas is a Spanish-inspired development with three house models—Picasso, Michelangelo and Goya—priced at P4.2 million to P8.7 million.