IGaCoS Resort Property Selling Fast
Three new Samal Island residential resorts; Holiday Oceanview Samal, Playa Azalea and Kembali Coast are all enjoying promising early sales of their subdivision lots. “Selling like hotcakes”, is the term used by one island official. Igacos City Administrator Cleto Gales Jr. said the property developers Filinvest Land Inc., Landco Pacific Corp. and the Holiday Garden Island Development Corp. have experienced brisk sales for their projects.
Gales said the residential resort community developments are attracting local and foreign buyers who do not mind the expensive rates of the developers. Gales said these property developments have developed a unique niche market that’s why selling the properties are quite easy. He said the city government matches these developments with construction of facilities like road networks, electricity and water.
Gales said the trunk road that would connect Babak to Kaputian is 95 percent complete that would lead to the Filinvest property and the Samal Casino Resort. The properties of Playa Azalea and Holiday can be accessed through an all-weather road. However, Gales said owners of these properties will enter through the seas so that road networks are not that of a big concern for buyers.
Samal property dev’t on the upturn: official – Mindanao Times
Someone offered me to purchase a lot from Playa Azalea. It was indeed very expensive.
Hi Yvon – thanks for stopping by and for your comment.
I’m not sure about Kembali, but both Playa and HOS are definitely targeting the high end market. Both of these are expected to be “world class” residential resorts, and therefor they feel they can get a premium for the lots. If what they say is true, so far they aren’t having any trouble selling them.
It’s out of my price range, but that doesn’t take much