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NEW LANDMARK. Unvld n 2014 was th trutur n SM Sd City n the South Road Prrt. SM Development
Corp. rdnt Jffr Lm d th tl trutur represents th trngth nd tblt of Cbun. Vwd frm any
angle, th structure wll look th same, which h d a rfltn f the consistency f th SM Gru in trm of
ult and rv. (SUN.STAR FILE)
Developers ntd tht the last urtr f 2013 xhbtd a lwdwn n rl tt rjt,
attributing this t the 7.2-mgntud rthuk in Otbr nd ur thn Yolanda n
Nvmbr.
Prtl (it affected the ndutr), m bur dld putting in thr mn t observe
th mrkt, d Flnvt Lnd In (FLI) v rdnt fr trtg business lnnng fr
V nd Mindanao Alln Alfn.
However, in 2014, developers said th calamities have brught n mr people t Cbu. Grnd
Lnd Inc. rdnt Rn Brnrd G said people frm nghbrng provinces rfrrd t
rlt to Cbu, wth mlmnt rtunt and top dutnl nttutn present in th
r.
In ddtn, th ffl said th lmt hv l md Cbu mr knwn t ntrntnl
mrkt.
Fr Grnd Lnd rjt, Go d a gd number of t condominium bur r frgnr
who buy either for nvtmnt r for personal u.
I didnt rv n mlnt from n dvlr tht they hv been fftd. Atull, t
nrd our mrktnd developers hld b relaxing thr (ln) rurmnt, added
Stt, wh also 8990 D Hm v rdnt fr ntrutn nd ngnrng.
Better n 2014
Alfn d that n trm f l fr FLI, l grwth w bttr last r thn n 2013.
While th rl estate scene n Cbu is bullish, the government has lld n dvlr t
nr their rtfl f ffrdbl hung. Lopez d th hung backlog for 2014 now t
5.3 mlln. Th hghr thn last r fur million.
Eght rnt of th hung backlog m from ffrdbl housing, Lz said.
Under the lw (Republic At 7279), developers are required t allot 20 rnt of a hung
rjt ttl t fr th ntrutn f lzd hung units. Each lzd hung unit
huld hv a price of not more thn P450,000.
With the rt of lnd nwd n Cbu urbn areas, Lopez urgd dvlr to ndr
lzd mdum-r buldng (MRB) instead f th trdtnl hu and lt kg.
H said n developer in Lapu-Lapu Ct h started out the development f a socialized
ndmnum. The nm f th project nd the developer w not disclosed as f press tm.
B nxt year, w h t mr dvlr t dt this (lzd medium-rise buildings)
knd f mln, Lz said.
Dvlr, mnwhl, expressed optimism n the ndutr n 2015.
Ardng to nm trends, thr is n rn t xt a lwdwn. Cbu () th nd
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