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Real estate industry

Landco Pacific Corp. Embarks on Multi-Billion Peso Residential-Mountain Resort Project in Cebu

Strategic Insights

— 1 min read

Landco Pacific Corp., a Manila-based real estate developer, is set to launch its first multi-billion peso residential-mountain resort project in Cebu, marking the company's entry into the Visayas and Mindanao region. The project, which requires an initial investment of P5 billion (US$96.5 million), will be developed in partnership with Genvi Development Corp., a company owned by the prominent Cebu Villalon clan. The 210-hectare property, located on a hillside, offers breathtaking views of the city and will feature a high-end city residential-resort property with eight continuous hills.

Key Takeaways:

  • Landco Pacific Corp. is investing P5 billion (US$96.5 million) in its first multi-billion peso residential-mountain resort project in Cebu, marking the company's entry into the Visayas and Mindanao region.
  • The project will be developed in partnership with Genvi Development Corp., a company owned by the prominent Cebu Villalon clan.
  • The 210-hectare property is located 330 meters above sea level and offers breathtaking views of the city, featuring eight continuous hills.
  • The development will be a high-end city residential-resort property that is expected to appeal to a wide sector, including non-Cebuano market.
  • Landco Pacific Corp. received many proposals from property owners outside Cebu but chose to first put up a project in Cebu before expanding to other parts of the Visayas and Mindanao.
  • The company is also exploring opportunities in Iloilo, Zamboanga, Davao, Cagayan de Oro, and Bacolod for future projects.
  • The Cebu development is targeted to start in the first half of next year and may take more than five years to complete.

Statistics:

  • P5 billion (US$96.5 million) - Initial investment required for the project.
  • 210 hectares - Size of the property.
  • 330 meters - Elevation of the property above sea level.
  • 8 continuous hills - Terrain of the property.
  • P5 billion (US$96.5 million) - Total project budget.

Sources:

  • Asia Pulse - Manila-based real estate developer Landco Pacific Corp. is embarking in Cebu on its first multi-billion-peso residential-mountain resort project for the Visayas and Mindanao region. (Asia Pulse, Dec 22)
  • PNA (Philippine News Agency) - Landco Pacific Corp. has chosen a 210-hectare hillside property owned by the prominent Cebu Villalon clan to be the launchpad of the company's presence in the southern part of the country. (PNA, Dec 22)

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