By Eddie O. Barrita
CEBU CITY, May 16 (PNA) — Officials of a Cebu-based developer are eyeing to capture the market for ready-for-occupancy condominium units in Cebu City’s urban districts.
Farrah Mayol, AboitizLand Inc marketing manager, said there was a significant market, including overseas Filipino workers, who were more likely to be attracted to fully furnished condominium units than bare ones.
“There is a demand for fully-furnished units,” Mayol said.
AboitizLand has committed to build 638 fully-furnished studio units for its mixed-use project and its first condominium development, The Persimmon, in Barangay Mabolo, Cebu City.
About 70 percent of the total number of studio units has already been sold, both to OFWs and locals, end-users and investors alike, said AboitizLand marketing officer Jay de los Reyes.
Inside the 24 and 26-square-meter studio units in The Persimmon, there is an air conditioner, a smart LED TV, a queen-sized bed, a couch, refrigerator, electric stove, range hood, kitchen base cabinet and countertop, a banquet dining set, overhead cabinet and shelf, and wardrobe cabinets.
Each unit adopts space-saving features to fit the furniture and appliances. For example, the queen-sized bed can be converted into a couch.
“Condo living’s challenge is space, so aside from offering fully-furnished units, we also have to adopt space-saving features,” de los Reyes said.
AboitizLand tapped the Cebu-based Maia Franco Group for The Persimmon Studios.
The smallest studio unit at The Persimmon has an area of 18 square meters but these units were already sold out, according to Mayol.
The Persimmon Studios is scheduled for completion in May 2016, with turnover in September 2016. One studio unit is priced at P2.7 million. (PNA)