A NEW player in Cebu’s real estate industry is introducing to investors, workers, foreign spouses and residents in the southern part of the province a new housing community in San Fernando, Cebu.
Nexus Real Estate Corp. launched Tuesday night The Villagio, a 2.3-hectare property with four unit models (Bernini, Palladio, Caracaggio, and Palazzo Rosita) designed to serve the potential market in San Fernando, Naga, Carcar, and other towns in the south.
Nexus Real Estate executive vice president Shanna Lopez observed that there are not many real estate developments beyond Minglanilla.
This prompted the company to start building homes in the southern countryside, said realtor Jo Jamero of All Real Estate Realty, the marketing arm of Nexus Real Estate.
He pointed out that putting up a development in San Fernando is advantageous, given the town’s small population and the cheap cost of living. He added that the municipality also poses a future as an industrial zone with high employment rate,
The launching of the Villagio, Nexus Real Estate’s ninth and lates project, signals the start of pre-selling the project’s 180 units. Units are expected to be turned over to the owners in February 2010.
“One of our selling points is that the units are expandable. They are also totally livable when purchased,” said Jamero.
The prices of the units range from P900,000 to P1.4 million. Buyers have the option to pay their down payment in 24 months without interest. Free appliances are also available for early buyers.
Jamero said the Villagio appeals to all market classes and makes a good retirement project for local and foreign retirees.
He added that real estate is always a good investment because the value of the land always goes up.
The amenities of the Villagio include a basketball court, mini-gym, playground, concrete roads, water tank, and underground sewage system with ready water and electricity connection, among others.
Nexus Real Estate started constructing the Villagio this year. It is its biggest project so far. The site development was completed in the early part of 2009 while construction of model houses started two month ago. The Bernini unit is now ready for viewing while the others are nearly complete.
Established in 2001, Nexus Real Estate started selling subdivided lots in several subdivisions in Cebu City.
Some of their previous and present projects include mid-scale community Consolacion Valley in Lamac, Consolacion; Pacific Village in Linao, Minglanilla; and the Kamalaya Residences near the South Road Properties.