September 19, 2021

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AT THE HEIGHT OF THE PANDEMIC, HOMEGROWN DEVELOPER SEES SURPRISE UPTAKE OF CONDO UNITS

A surge in demand for value-for-money condominium units is bolstering the sales performance of homegrown developer PrimaryHomes Inc. Royal Oceancrest Mactan, the company’s latest vertical development worth 2 billion pesos, is performing well above expectations with more than 60% sold at the height of the pandemic. Despite the difficulties and uncertainties brought by the coronavirus pandemic, the reliable partner in real estate saw a high take-up of units in its resort condominium Royal Oceancrest Mactan— an indication that there is a strong demand these days for such types of properties. “The lockdown last year greatly affected businesses but surprisingly sales for condo units picked up, quite significantly considering the challenging times,” said PrimaryHomes vice president for sales and marketing Ramero Espina.

Espina said many of their buyers are young professionals and starting families either looking for affordable living space that they can move in right away, or those who are looking for more valuable purpose for their money. They are generally first-time real-estate buyers.

Royal Oceancrest Mactan offers Finished and Bare units with a floor area of 28sq m to 60sq m. Finished units are priced between P2.4M to P6.1M while Bare units are priced more or less 20% lower at P1.9M to P4.8M. Prices already include taxes and transfer charges. Royal Oceancrest Mactan is a four-tower development in Barangay Basak, Lapu-Lapu City, one of the fastest growing, highly urbanized cities in the country. Sitting on a 1.4-hectare property along Sudtunggan Road, the development is made up of mid-rise buildings with a total of 952 residential and commercial units.

The community is designed as a safe and secure haven of wellness and leisure with 60% of the total development dedicated to free and open space, giving residents the opportunity to relax and reconnect, roam and immerse in the beauty of the gardens, bamboo tunnels, yoga pocket spaces, and other nature features. Among the other amenities are swimming pool, clubhouse, fitness gym, play areas, jogging paths, edible gardens, grilling station, and commercial spaces.

Its close proximity to the Mactan International Airport, the soon-to-finish Cebu-Cordova Link Expressway, export zones, first-class resorts and hotels, export-oriented manufacturing companies and BPOs makes Royal Oceancrest Mactan a desirable address for working professionals and those eyeing to do business in the city, thus, making it an attractive location for property investments.
“With billions worth of new industrial and world-class developments, Lapu Lapu City is arguably the perfect choice to settle or invest in Cebu,” Ramero Espina said.
Condos are great investments because they are easily acquired — buyers can get a condo through easy-to-pay financing. “The younger generation now is becoming more and more financial and investment literate and we are here to support them with our flexible financing options,” Espina added.  Despite pandemic-disruptions, returns on condo investment and rental yield remain high. Owners may opt to lease out their units and have the rest of the mortgage be paid with the rental proceeds.
With the developer’s commitment to quality, their properties are always of high appraisal value. PrimayHomes has been the most trusted real estate brand in the Visayas for 30 years already.

Construction of Royal Oceancrest Mactan is at its full swing and is set to start turning over units to their buyers early next year.

PrimaryHomes will be announcing other Royal Oceancrest properties in Cebu, Bohol, and Negros within the year and next year.The Royal Oceancrest Mactan has opened its showroom at the project site itself which is open daily ‪from 9AM to 5PM‬.

Start your investment journey now. For details, contact PrimaryHomes at ‪032-253-9979‬ or visit www.primaryhomes.com. (PR)