Iligan-based developer to build first township

CEBU, Philippines — Iligan-based company Kinmen Land Developer Inc. yesterday announced to develop a 20-hectare township in barangay Tamiao, Compostela, northern Cebu.

Kinmen Land, which is originally engaged in construction and hardware, decided to utilize its acquired properties in Cebu starting with the masterplanned township project that will be built in 17 phases in the next five to 10 years.

Kinmen Land president and chief executive officer (CEO) Bennett Palang said his company has been accumulating land bank in Cebu for its plan to enter into property development here.

Established in 2005, Kinmen Land Developer Inc. developed Iligan’s The Strip Mall at Pala-o in 2006.

This time, the company is determined to penetrate Cebu starting off with this integrated development project. The township will offer more or less 2,000 house and lot units set in townhouse with garden type, a ranch-setting destination, commercial outlets, and other facilities that will complete the live, work and play cycle.

Yesterday, Kinmen Land signed a memorandum of agreement (MOA) with the project’s execution consulting group, Estates + Frontiers Group, Inc. (EFG) led by Lydwena Eco to conceptualize the over-all masterplan.

EFG will manage the project as well as provide the end-to-end real estate services, from land acquisition, project conceptualization, execution, and sales to after-sales, documentation, project turn-over, and property management.

The sprawling township development is patterned after the successful integrated developments in the country such as the Ayala Land developed Nuvali Park in Sto.

Rosa Laguna, only that it will introduced its own identity.

Initially, Eco said the planning team is looking at dedicating the five-hectare for a ranch-type destination that will have a strip of log cabin diners, glamping facilities, horse back riding, and other leisure activities.

The riverside development is envisioned to be one of the first of its kind township developments in the Visayas. (FREEMAN)