CEBU Landmasters, Inc. (CLI) said it has donated two medium-rise condo buildings, with a combined value of P215 million, for informal settlers in Cebu City and in Mandaue City.
In a statement, CLI said this donation is part of its commitment to provide quality and sustainable in-city vertical socialized housing.
The company recently turned over the Walk-Up Sugbo 1 to the Cebu City government, and broke ground on Tower 4 of the Mandaue City government’s Tipolo Residences.
Walk-Up Sugbo 1 is located on a 1,350-square meter (sq.m.) property in Barangay Lorega-San Miguel. The P115-million medium-rise building features 100 units that will be home to over 100 beneficiary families, who were previously living in danger areas. Each unit has a floor area of 25 sq.m., which is more than the 18 sq.m. required for socialized housing units.
“To us, this is the most meaningful project. We are now starting a project that will become a model. It will become a standard. We hope this will be emulated not just by us but also by other developers,” CLI Chairman and Chief Executive Officer Jose Soberano III said in a statement.
“We don’t only build homes, we build sustainable communities. And, we want to give decent homes to the marginalized because they deserve nothing less.”
Walk-Up Sugbo 1 is a collaboration between CLI, the Cebu City government and the Department of Human Settlements and Urban Development.
The building features a ground floor chapel, retail spaces for rent, parking area and a livelihood training and multi-purpose hall donated by Cebu Landmasters Foundation. Solar panels will provide electricity for common areas like hallways, stairways and around the property. The building will also have a sewage treatment plant.
Meanwhile, CLI said it will begin construction of the 90-unit Tower 4 of the Tipolo Residences, a mid-rise socialized housing building in Mandaue City. It is expected to be completed in 18 months.
The building will feature 90 units for the victims of the 2019 fire in Tipolo who are temporarily residing inside the Cebu International Convention Center and for informal settlers. Each unit will have a gross floor area of 24.79 sq.m.
CLI said all units are situated to receive a sufficient amount of daylight, reducing energy use. The ground floor units and common area spaces will be lifted to allow cross ventilation, while a large self-watering green wall will be integrated to provide cooling.
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The article was originally published in Business World.
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