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Phinma to build 2 buildings in 2017


PHINMA Properties, one of the leading property developers nationwide, said on Saturday, February 5, that they will build two towers for Arezzo Place Davao, an Italian-themed property development within this year.

“Arezzo’s project timeline is on track,” Arezzo Place Davao Project Director Gene Arcena said. Buildings 3 and 4 of the said mid-rise project have already been constructed in Lanang-Sasa area while Buildings 1 and 2 are to be built this year.

The condominium has a total of 12 mid-rise condominium buildings with one building allocated as a parking area. The entire project is eyed to be completed by 2019. Phinma Properties Vice-President for Urban Housing Divisions, Raphael Felix, for his part, said in the next three years, the firm is expecting to reach P2 billion in sales, an increase from its present sales at P1.86 billion.

Felix said the company intends to shift towards the mixed market segment in the next few years and among those included in their plans are the development of three recently-bought properties in the city. “Of the three, two are horizontal and one is vertical (development),” Felix said.

The 12 buildings that will rise in the property will feature a five-storey elevator hallway type, 18 units per floor, 90 units per building, fire alarms and sprinkler system, fire-hose cabinets on every floor, ground floor ramps, and fire exits.

The amenities and other features of the project include a multi-purpose function hall and upper lobby, adult and children's swimming pool, collegiate basketball court, landscaped gardens, commercial units for lease, children's playground, sewage treatment, and 283 parking slots, wherein 161 slots are in the parking building and 122 are on-grade parking. The condominium property is on 2.6 hectares.

Read more: http://www.sunstar.com.ph/davao/business/2017/02/05/phinma-build-2-buildings-2017-524117

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