Lite Properties Invests in Corella, Bohol with New Housing Project

Seeing continued growth and potential in the Province of Bohol, homegrown developer Lite Properties Corporation is pouring more investments in key areas. Their latest project is dubbed Corella Homes, a mid-range and economic housing development located just outside the bustling capital of Tagbilaran City. Lucio E. Lim, Jr., President and CEO of Lite Properties, said that they want to help the Municipality of Corella enhance its economic activities through the project, which broke ground last March 8, 2019.

“This is going to be our biggest project. This is a landmark project for us,” he said in a speech during the groundbreaking ceremony and burying of the time capsule. Corella Homes is located in a 25,000-square meter property along the highway in Barangay Poblacion. It is only around 7 kilometers away from Tagbilaran City, 7.2 kilometers away from the Integrated Bus Terminal, and 7.5 kilometers away from a city mall and the Tagbilaran City Hall.

Although very near the city center, the location of Corella Homes boasts of a getaway for its future homeowners. The site is surrounded by trees and lush greeneries which are a welcome respite from the fast-paced urban scene. Lim said that based on their discussion with Corella Mayor Jose Nicanor Tocmo, the municipal government wanted to limit the number of housing developments in order to preserve the nature and environment of the town.

“Corella has a nice environment. Corella is a nice name. That is why we did not call the project with another name. We called it Corella Homes because we are proud of your name,” said Lim to a crowd which included municipal officials, barangay officials, government agency representatives, brokers and agents, and other guests.

Once completed, Corella Homes will have a total of 209 housing units. It will be comprised of 100 two-storey townhouse type units (SANYA), 24 two-storey duplex type units (KAMINA), 10 two-storey single detached type units (ARICA), 8 two-storey single attached housing units (ADINA), and 62 economic type bungalows.

It will also have five units of commercial spaces.

The developer is still finishing the fencing of the property and will soon start accepting unit reservations through their Sales and Marketing Office located at the 3rd Floor of Lite Port Center. Corella Homes is the second housing project of Lite Properties in Bohol. Their first project is the Lirio Residences in Barangay Booy, Tagbilaran City, which has 31 mid market housing units an exclusive gated community beside the old airport. Aside from Bohol, Lite Properties also has other developments located in Cebu. These include Lucena Homes in Minglanilla Town and Luciana Residences in Cordova in Mactan Island.

About Lite Properties Corporation

Lite Properties Corporation is the real estate arm of Lite Holdings, Inc. and an affiliate of Lite Shipping Corporation. It is a homegrown, Boholano-owned realty company which started operation only in 2015. Aside from housing projects, it also operates the first strip mall in Bohol called Lite Port Center Mall along Gallares St., Tagbilaran City. Lite Properties’ Main Office is located at Lite Ferries Corporate Building, Lite Port Center, M.J. Cuenco Ave., Brgy. Tejero, Cebu City. Its Tagbilaran Office is at the 3F Admin Office, Lite Port Center Mall, Gallares St., Tagbilaran City. For inquiries and details you may visit the Lite Properties website at www.liteproperties.com.ph