Local Developer Contempo Property Holdings Will Invest Residential Projects In Cagayan de Oro

LOCAL developer Contempo Property Holdings, Inc. (CPHI) is primed to spend around P1 billion for five to six projects in Cebu and Mindanao in the next three years.

Beverly Dayanan, CPHI President and chief executive officer, said they are set to launch five residential projects in Cebu City and Lapu-Lapu City as well as in Davao City and Cagayan de Oro City by 2017.

“In terms of readiness of land, infrastructure, and processes, Mindanao is very ready, Davao City particularly, which is the hometown of our current president,” she said during the blessing and inauguration of Tower 2 of CPHI’s maiden project, Bamboo Bay Community, in Mandaue City last Thursday. By 2017, Mindanao Railway System will be start constracting the Phase 1 of the project.

Dayanan said they are eyeing a 12-hectare site in Davao City where a middle-end subdivision with 1,500 houses will rise. She added that they will introduce their low-end brand Sunberry to Cagayan de Oro as well.