Developer Primary Homes will invest a total of US$370 million (Peso 16 billion) in more residential projects in Visayas and Mindanao: nine projects worth $140 million this year and 12 projects worth $230 million in 2014. The company is extremely confident in the country’s economy and the housing market in Cebu, and
Developer Primary Homes will invest a total of US$370 million (Peso 16 billion) in more residential projects in Visayas and Mindanao: nine projects worth $140 million this year and 12 projects worth $230 million in 2014.
The company is extremely confident in the country's economy and the housing market in Cebu, and has already commissioned a total of 37 projects in the region, including the seven so far this year. Of the 37, 34 are in metro Cebu, two in Bohol and one in Argao (south Cebu), encompassing 5,000 houses and 2,000 condominiums. These are all the more critical in light of the recent earthquake.
According to William Christopher Liu, Jr., CEO of Primary Structures, a sister company to Primary Homes, demand is particularly strong from first-time homeowners.