Korean plans $103-M Subic condo-hotel complex
South Korean property developer KT Global Subic Inc. said it planned to build a 17-story, five-building condominium-hotel complex in the Subic Bay Freeport Zone, northwest of Manila, and had increased its committed investment to $103 million from $3 million.
KT Global said in a statement that it had decided to advance the schedule for completion of the first building by two years to 2010 and that the other buildings would follow in six to 10 years.
Company president Hong Shik Kim also said KT Global, a unit of KT Construction Co. Ltd., wanted to help in the Subic Bay Freeport’s bid to become a retirement haven.
Dubbed Subic Ampelos Tower, the KT Global project will be the first high-rise building in Subic Bay Freeport. Ronnel W. Domingo; with INQUIRER.net
KT Global said in a statement that it had decided to advance the schedule for completion of the first building by two years to 2010 and that the other buildings would follow in six to 10 years.
Company president Hong Shik Kim also said KT Global, a unit of KT Construction Co. Ltd., wanted to help in the Subic Bay Freeport’s bid to become a retirement haven.
Dubbed Subic Ampelos Tower, the KT Global project will be the first high-rise building in Subic Bay Freeport. Ronnel W. Domingo; with INQUIRER.net
Labels: condominium towers, KT Global, subic
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