Developer sees demand growth for pocket housing subdivisions

By Nancy R. Cudis
sunstar.com.ph


THE demand for pocket residential subdivisions has bolstered the confidence of the marketing arm of a new upscale housing development in Cebu.

F9 Property Development and Consultancy Inc., a real estate service provider, recently started pre-selling the 18 Mediterranean-themed units of Pigafetta Court, a pocket subdivision in Bulacao, Pardo, Cebu City.

“Small compact townhouses are now the trend in the (local) real estate industry. This is because their location is private yet ideal, being near to the city. It is also attractive to small investors who want fast payback to their investments,” said F9 president Emily Cabillada in a phone interview.

Pigafetta Court is the first project of Cebu-based developer Tropica Sphere Development Corp. that is owned by Ramon Jalipa, a retired balikbayan.

The residential development occupies a land area of 2,189 square meters (sq. m). It has four model units, including Sofia (125.79 sq. m.), Verna (124.57 sq. m.), Rossana (132.57 sq. m.), and Gina (134.45 sq. m.).

Cabillada said the foundation of the Pigafetta Court units is asphalted to prevent termites, a technology that Jalipa brought from the US.

F9 is eyeing young couples, locals, balikbayans and start-up families for the units whose introductory promo prices for the first five buyers range from P3.2 million to P4.3 million.

Two families have reserved units at Pigafetta Court, said Cabillada.

She said the construction of the townhouse units will take five to six months, and will begin after the buyer has made a 30-percent down payment. The remaining cost of the house and lot can be paid through bank financing. F9 is also arranging possible financing for buyers through Pag-Ibig Fund.

PIGAFETTA COURT – Cebu’s latest development

Cebu City’s south is bustling with renewed activity with the latest development of a new subdivision – Pigafetta Court, located at Bulacao, Pardo. This is just within the vicinity of St. Jude Acres Subdivision, and a few minutes from the city proper and from the new South Road Properties.

Pigafetta Court is a private and very exclusive pocket subdivision composed of only 18 Mediterranean-themed townhouses. Designed to meet and satisfy the demands and the pace of modern urban lifestyle, it features all underground utility cables and wires & storm drainage, has very wide 8-m subdivision road, concrete curbs and gutters, and has a perimeter fence with landscaped entrance and guardhouse.

There are 4 models to choose from – Sofia and Verna, which are 2 storey townhouses with attic, featuring 3 bedrooms, 2 toilet & bath, maids room, powder room and 1 car port. Rossana and Gina model houses have 3 storeys with 4 bedrooms, 3 toilet & bath, powder room, maid’s room and 2 carports. All constructed with quality materials and unique building technology, such as the laying out of the house foundation with asphalt for termite prevention.

The price is very affordable, and staggered and flexible payment terms are available. Promo and introductory pricing is being offered for the first few lucky buyers. >>Click here to view promo ad<<

Pigafetta Court is a jewel in the South that is seen to increase its worth & livability for its convenient access to the City’s future business and cultural hub – Cebu South Road Properties or SRP, and therefore would be a worthwhiled investment.

Pigafetta Court is named after the Italian Antonio Pigafetta, the chronicler of the Magellan Expedition that first circumnavigated the globe from 1519 to 1522. He fought in Mactan and was one of the 22 survivors who returned to Spain. A tribute for Pigafetta was erected at Fort San Pedro by the Philippine Italian Association in 1980.

This project is exclusively marketed by F9 Property Development and Consultancy, Inc., a complete real estate service provider which provides services in property sales and marketing, property management & development, and consultancy.

For reservations and inquiries, please call Tel. No. 254-3988 or 582-2588 or visit at Rm. 3, Eleven Bldg. F. Ramos St., Cebu City (across St. Paul’s College); or email at contactus@f9realestatebiz.com.