Housing developer to build 1,200 units in Mariveles town

Housing developer to build 1,200 units in Mariveles town

Housing developer to build 1,200 units in Mariveles town

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MARIVELES, Bataan – The unprecedented eco-industrial prosperity in the historical Bataan peninsula prods real estate developers to put up socialized housing and commercial property leasing projects near the country’s fast growing ecozone.
Gene Ryan Bautista, regional area manager of Fiesta Communities has revealed the management of one of the biggest real estate firms in Central Luzon is readying a long –range strategic plan of establishing Fiesta Communities housing sites in Hermosa and Abucay townS and in the province’s commercial and educational center, Balanga City.
He foresees a more dynamic mid-level and high diversity progressive scheme of lodging facilities with the presence of economic zones, and industrial estates and technology park requiring affordable and comfortable housing conveniences and other amenities for workers and their families, small and medium entrepreneurs and other local and foreign locators.
Bautista, who led the open house rites of level 2 of Fiesta Communities last Saturday in the upland village of Balong Anito, this town, explained the corporate staff has already programmed the construction of about 1,200 units of different design and concept to suit the meticulous requirements of the prospective buyers.
The latest housing venture, the second in the province after the fully-booked Fiesta Communities in Limay town which was inaugurated several months ago, is located 3.5 kilometers away from the Freeport Area of Bataan(FAB), overlooking the panoramic West Philippine Sea.
The housing project in Mariveles town is targeting 60% of estimated 37,500 industrial workers and employees of 128 registered operating enterprises at FAB are reportedly renting houses and staying in several dormitories near their work locations.
Based on the marketing survey conducted by the real estate developer, factory workers and employees in FAB pay monthly house rental ranging from P 7,000 to P 12,000 while they are entitled to own a comfortable unit with monthly amortization of measly P 2,800 with Pagibig for a maximum of 30 year term.

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