Freeman Cebu Business

PHI breaks ground on final tower of Royal Oceancrest

Ehda M. Dagooc - The Freeman

CEBU, Philippines — Primary Homes Inc., (PHI) officially broke ground on Royal Oceancrest Mactan’s Tower D expansion.

Held on June 15, 2022, PHI joins other developers in the country in pouring investments to take advantage of the robust residential market in Cebu, particularly in the resort island of Mactan, Cebu.

Royal Oceancrest Mactan’s Tower D will have finished condominium units and commercial spaces that will be available for rent. It will complete the company's first Royal Oceancrest development.

Located along Sudtunggan Road in Barangay Basak, Lapu-lapu City, the company’s P2B mixed-used resort condominium in Mactan Island will ultimately be completed by 2024.

In spite the lockdowns brought by the Covid-19 pandemic, Primary Homes was able to make sure that the project meets its completion target on time.

Royal Oceancrest Mactan will feature resort-style dwelling perfect for young professionals and starting families either looking for a perfect living space, or for properties to be rented out.

With billions of pesos worth of new industrial and world-class developments, Lapu Lapu City is touted as a preferred location of choice to settle or invest in Cebu.

The project's close proximity to the Mactan International Airport, the newly opened Cebu-Cordova Link Expressway, export zones, first-class resorts and hotels, export-oriented manufacturing companies and BPOs make Royal Oceancrest Mactan an attractive address for working professionals and those eyeing to do business in the city.

“Now that we are recovering as a community, we look forward to continue to contribute to the growth and vibrancy of Lapu-lapu City through Royal Oceancrest Mactan,” said Ramero Espina, vice-president for sales and marketing of PHI.

Since the company started selling last 2019, and even with the pandemic that started the year after, the project has been consistent with its remarkable sales performance.

“The younger generation is becoming more financially literate. The market's priorities have shifted due to the crisis, and we've seen an increase of first-time real-estate investors more specifically for our Royal Oceancrest Mactan project," Ramero Espina added.

“As a reliable developer, we are supporting them fully in their investment journey with our all-in pricing, seamless sales process, flexible financing, and on-time delivery," Espina added.

Royal Oceancrest Mactan's resort amenities are designed for wellness and leisure with 60 percent of the total development dedicated for open spaces and nature features like its gardens, bamboo tunnels, and pocket yoga spaces.  Its amenities also include swimming pool, clubhouse, fitness gym, play areas, jogging paths, edible gardens, grilling station, and commercial spaces.

Royal Oceancrest Towers A, B, and C are now 80 percent to 90 percent sold and Tower D will soon be available for sale.


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