Aboitizland is expanding its business anew with the launching of a new housing division called Cornerstone to address the housing needs of the middle-income sector.

The firm, headed by president Andoni Aboitiz, said the pursuit shows its response to a long-felt need for shelter and is also in support of the government's effort to provide better quality homes to more Filipinos.

The launch also marked Cornerstone's partnership with the government housing sector as represented by Secretary Michael Defensor, chairman of the Housing and Urban Development Coordinating Council (HUDCC), and Atty Romero S. Quimbo, president of the Home Development Mutual Fund (HDMF).

The company said Cornerstone offers buyers the best value from their investment by providing good quality houses in a well-planned, well-managed community at very affordable prices. The Filipino middle-income earners are encouraged to invest their hard-earned money into products which provide them with long-term benefits.

In the launching ceremonies, Quimbo announced its new lower rates and longer terms. Cornerstone representatives and Pag-ibig signed a memorandum of agreement for easy financing packages.

Cornerstone's first project

Cornerstone's first project, Briza, a four-hectare development in Nangka, Consolacion, will be launched soon, the company announced.

Aboitizland said there are 231 house and lot units available through Pag-ibig financing and easy in-house financing schemes.

It said one of Briza's main features is the Managed Expansion Program (MEP) where homes are all expandable-which means houses grow with the family in a well-managed community that will be of lasting value even to future generations.

The residential community offers a party hall, basketball court, children's playground, landscaped entrance, gate and guardhouse and is also complete with facilities and utilities such as a perimeter fence, power and water supply, water tank, cistern, drainage system and a wastewater treatment facility.

Four house types are offered. Briza's grand launching will be held sometime in April although inquiries are now being entertained. For information, [ contact us ]

(February 26, 2003 issue)