Property developer Suntrust Properties Inc. (SPI), a wholly-owned subsidiary of bilyonaryo Andrew Tan’s Megaworld Corp., is bullish on Negros Occidental, particularly Metro Bacolod.
SPI president Harrison Paltongan, said they have set an initial investment of P2 billion because of the growth potential of the province.
He said Suntrust’s confidence in Negros had been boosted after the Bacolod was recognized as one of the most business-friendly cities in the country and with Negros Occidental as the third richest province this year.
Paltongan said they the local government was doing its part especially in terms of infrastructure works, including airport road expansion and construction of economic highways.
?We are happy to bring our private development here, in fact we are looking at more expansion in the island,? Paltongan said, adding that ?people in Metro Bacolod, including cities of Talisay and Silay, should, instead of buying houses in Metro Manila, reinvest their resources in the province.?(
Last Saturday, Paltongan led the blessing of model houses in their 24.52-hectare mid-cost residential project called The Fountain Grove at Barangay Matab-ang in Talisay City.
Paltongan said that 23 percent, or 200 of the 800 house units were already sold since the project construction was launched in October last year.
?We are optimistic to sell more than double in 2018 especially with almost full land development works now,? he said.
The Fountain Grove forms part of the 53-hectare Northhill Gateway, a township development that will soon rise along the Bacolod-Silay Airport Access Road, bordering the cities of Talisay and Bacolod. (PNA)