Olongapo SubicBay BatangGapo Newscenter

Wednesday, July 30, 2008

Over 100 Subic houses up for lease

SUBIC BAY FREEPORT—A Taiwanese property developer has opened a posh subdivision project here with over 100 modern housing units up for lease to meet the growing demand of foreign and local executives.

Josephine Chua, chief executive of Grand Pillar International Development Inc., led the opening ceremony of Grandville Estate, the latest and most modern housing project inside the Freeport.

Grandville Estate is located along the former Greyback community at East Kalayaan housing area.

“Grandville was created to provide homes that harmonize with the serene beauty of the Kalayaan Hills,” said Chua. “We offer a secure and hassle-free living for each and every resident.”

She said Grandville would be an exclusive community with 24/7 security personnel manning the village.

Grand Pillar to date has completed renovation of at least 30 housing units.

Chua said Grandville was offering a long-term 50-year leasehold right to prospective buyers. The Bases Conversion Law creating the Freeport prohibits ownership or sole proprietorship of government-owned real estate properties inside the economic zone.

Freeport residents, instead, can equally enjoy all privileges, including tax and duty-free incentives as provided to investors.

Grandville will have separate sentry and guard house, three playgrounds, a multi-purpose covered court, swimming pool and a tennis court.

It offers two story, five-bedroom housing units with total floor area of about 220 square meters, including four toilet and bath rooms, hot and cold water facilities, terrace, a separate maid’s quarter, and individual air conditioning units for all bedrooms, living, dining and family rooms.

Other models include three- and four-bedroom housing units with prices ranging from $180,000 to $230,000 each.

Grandville chief business development officer Johnson Yang said the company had committed to spend $5 million as initial investment. By Cecille Garcia - Manila Standard today

Labels: , , , ,


Post a Comment

<< Home


This is a joint private blog of volunteers from Subic Bay. It is being maintained primarily to collate articles that may be of importance to decision making related to the future of Subic Bay and as a source of reference material to construct the history of Subic Bay.

The articles herein posted remains the sole property of original authors and publications which has full credits to the articles.

Disclaimer: Readers should conduct their own research and due diligence before using any article herein posted for whatever intended purpose it may be. This private web log will not be liable for any loss or damage caused by a reader's reliance on information obtained from volunteers of this private blog.

www.subicbay.ph, http://olongapo-subic.com, http://sangunian.com, http://olongapo-ph.com, http://oictv.com, http://brgy-ph.com, http://subicbay-news.com, http://batanggapo.com 16 January 2012