President of the AboitizLand Andoni Aboitiz said that in order to meet the continuing demand, they would accelerate the development and availability of more parcels at Mahogany Grove.
Aboitiz said market response to the residential development Mahogany Grove last week far exceeded their expectations.
AboitizLand chairman of the board Roberto Aboitiz said by launching Mahogany Grove, the company showed its faith in the market, especially on the Cebuano market.
Mahogany Grove is a 5.8-hectare development in Talamban, between Mandaue and Cebu cities. Its concept focuses on the enhancing the essence of the community with amenities and features that foster neighborly relations.
It has a clubhouse, streets line with Mahogany trees, gazebos, playgrounds, tennis and basketball courts and a commercial area. A property management team will handle long-term maintenance and security concerns.
Mahogany Grove offers quality lots at affordable prices. It offers 263 lots cut at 100 to 280 square meters. Buyers have the choice of lot only or house and lot.
The residential development offers as low as P7,000 monthly amortization.
The Mahogany Grove, Aboitiz said, s a community designed specifically to mainly target the middle range market with lowest financial scheme available.
Aside from the first class amenities earlier mentioned, a commercial area will also be developed that will be located inside the subdivision and will give more convenience and greater contact among residents.
AboitizLand’s, formerly known as Acoland, previous developments include the Mactan Export Processing Zone 2, West Cebu Industrial Park through the Cebu Industrial Park Developers Inc., its joint venture with Ayala Land of the Garden Ridge Village, North Town Homes, North Town Residences and North Town Woods.
Source: The Freeman, Page 18, Maripal Sandiego