ABOUT a third of the 600 townhouses planned at Montierra in the highlands of Cagayan de Oro City have been sold out, reported its developer Johndorf Ventures Corp. (JVC).
“We are overwhelmed by the takes in Montierra mostly from rising professionals and emerging entrepreneurs,” said Michele Chiu-Bacungan, sales and marketing manager of the company.
Most of the new homeowners work as supervisors and young managers in companies operating in northern Mindanao, while the rest run their trade in and from the city, she disclosed.
Bacungan also noted that some are professionals working abroad, mostly in nearby Asian counties and some in the Middle East, who can afford homes priced between P2.8 million to P3 million.
“They are relatively young who have already reaped successes in their fields,” she remarked.
She said it is pleasing for them to note that the young generation now already invests in residential properties, even when they have yet to get married, than in depreciating properties.
The sale of at least 150 townhouse units come from blocks one, two and three at phase one of the 7.5-hectare property, disclosed Angel Valdivia, the assistant marketing manager.
“We can already turnover the first townhomes by the first quarter of 2017,” she disclosed.
Montierra is a subdivision of Asian-themed townhouses for economic to middle-class families.
It is located in Panginuman, Upper Balulang near what was Lumbia airport, a few meters ahead from Rosevale School, and near SM City and Xavier University.
Launch last summer, it has attracted many Cagayanons and those from elsewhere in Mindanao and in Cebu who seek for a second home in the city.
Montierra is the only economic housing project in Mindanao with amenities and facilities usually built in mid-to-high end subdivision, a new trademark by Johndorf in this market category.
Residents will enjoy the use of a grand clubhouse with a spacious swimming pool, landscaped parks and playgrounds, basketball court and jogging trail.
Each townhouse is designed to be spacious than usual at 64 square meters in floor area and stands on 54 to 108 square-meter subdivided lot, each with three bedrooms and two toilet-and-bathrooms.
For more details, see a broker or visit Johndorf at Unit 7 of Jofelmor bldg. on Mortola St., this city; or call (088) 857-8575, or visit online http://www.johndorfventures.com.ph/. pr
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