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Wednesday, June 04, 2003
Developer ties up with bank for Pacific Grand Villas project
By Arvy E. Lopez
THROUGH its Pacific Grand Villas project, Philippine Estates Corp. has formed a tie up with the Export and Industry Bank.
According to Elvira Ting, president and chief executive officer of Philippine Estate Corp., developer of Pacific Grand Villas, the tie up with Export and Industry Bank will allow interested home buyers to acquire houses through reasonable payment terms.
Export and Industry Bank is a very flexible bank and it offers easy terms for our clients,” she said.
She said that since most people could not afford to pay in cash, their clients could now resort to the bank for financial assistance and pay later on through easy and longer payment terms.
It is also our first time to create a partnership with a bank, she added.
Pacific Grand Villas, a Mediterranean inspired subdivision in Mactan, is now offering their phase three lots for sale.
Philippine Estate Corp. executive vice president and chief operation officer Kenneth Gatchalian said that interested buyers are given the option to choose whether they want to purchase the lots only or both the lot and house units.
Since phase one in Pacific Grand Villas is already sold out and phase two has only a few available houses left, we are now opening phase three to the market, he said.
The lots are priced at a minimum of P3,000 per square meter while the lots with houses would depend on the house model type, he added.
Gatchalian also said that even with the current economic crisis, many people are still interested in buying houses.
Clients are always requesting for bigger lots and houses and you could always see that people still spend money for houses, he said.
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| (June 4, 2003 issue) |
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