P2 billion township to rise in Minglanilla
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Posted by
SterlingLand
- 18 Apr 2017
CEBU, Philippines – Another mixed-use housing development will soon rise in Minglanilla, Cebu as a local developer banks on the economic growth potential of the municipality. Sterlingland Residences and Development Inc. is to set to start the construction of the 25-hectare Minglanilla Highlands, a township project in the town’s Barangay Tubod, which will be done in four phases. This is the firm’s third housing project in Cebu; the other two are located in Talisay City. In an interview yesterday at the project groundbreaking, President and CEO Marilou Padilla said the four phases will be completed in about 14 years, producing a total of 1,100 housing units. This is seen to address the consistent growing housing demand as the company targets the middle-income market including overseas Filipino workers, executives, and locals who are married to expatriates. She said the first phase will have over 300 units and will be completed three years from now. Freeman ( Article MRec ), pagematch: 1, sectionmatch: Padilla said the whole project is estimated to cost some P2 billion. The developer has designed the project to be an integrated township development, with globally renowned urban planner Architect Jun Palafox doing its conceptual master plan. The residential mountain resort project is approximately 2.8 kilometers northeast of downtown Minglanilla, located on a 25-hectare uphill site. Padilla said the property firm has also designed the project to be a residential-tourist destination as it will have a colossal image of Our Lady of the Miraculous Medal inspired by Christ the Redeemer in Rio de Janeiro, Brazil to be designed by top Cebuano sculptor Architect Vic Gulani. The residential project will also have other amenities such as a wedding chapel, lifestyle hub (where various dining and recreational facilities will be housed), pool, day care center, retirement village and organic landscaping. There will also be commercial establishments and arcades to be built. Sterling was established in 2013 and has been engaged in the financing business for 28 years before it entered the property development sector four years ago. Minglanilla, a first income class municipality of Cebu’s south, is home to a number of housing projects. It is hoped to become a city soon given its growing economic activity and population.
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