Upscale
retirement village (amonsagana) seen to boost revenue in Balamban
A high-end retirement village project in Balamban
town, midwest Cebu, is expected to increase the municipality’s income and draw
more investors to the town.
“I’m thankful that of all the
places in Cebu we were picked for the development,” Balamban Mayor Ace Stefan
Binghay said.
Singaporean developer, Syntech
Philippines Inc., is building a premier class retirement village in 32
hectares of the Mandayao Hills of Balamban.
Dubbed Amonsagana, the
project was launched last week with provincial and municipal officials in
attendance.
A one-hour drive from
Cebu city through the Transcentral Highway and ten minutes from the
poblacion of Balamban, the village is billed as a combination of
“nature’s beauty and the comforts of home.”
The project broke ground seven
months ago. The main architect and master planner, Ma. Lourdes
“Joy” Martinez Onozawa, designed it with the goal of raising the quality
of life by blending traditions of the past with needs of the
future and guided by the principle of environmental sustainability.
Investors
Mayor Binghay said he expects the town’s real property
tax collection to increase with this project.
“Usually, when a developer
breaks ground here, others will follow suit. We have many investors
coming in already,” he said.
With an estimated P3.8
billion in revenue over the next eight to 10 years, the project will
create new jobs, he said. Binghay said the demand for jobs will come from
maintenance and operations of each project phase, aside from the volume of
additional businesses generated by local contractors, suppliers, and service
providers.
Retirees
More than 60 percent of Balamban’s income comes from industries, including shipbuilding. Another investment by Tsuneishi Heavy Industries Cebu Inc. is in the works. Binghay said the town will also be home to an assembly factory for electronic tricycles or e-tricycles.
More than 60 percent of Balamban’s income comes from industries, including shipbuilding. Another investment by Tsuneishi Heavy Industries Cebu Inc. is in the works. Binghay said the town will also be home to an assembly factory for electronic tricycles or e-tricycles.
Valentino
Cabansag, general manager of the Philippine Retirement Authority, said
the country is a premier destination for retirees.
Retirees
from South Korea, China, Taiwan, Japan, the US, India and Europe have chosen to
settle in Cebu.
Based
on the 2014 Live and Investment Retire Overseas Index, the Philippines ranked
7th among 21 countries which have the best places to retire.
The
country also placed 8th in the Global Retirement Index by Natixis Global Assets
Management Core Data among the top 20 best places to retire in the world, according
to Forbes Magazine.
The
site in barangay Pondol has an elevated view of the Tañon Strait.
“This
is perfect for retirees who want to live the rest of their lives peacefully,”
said Binghay. He said the developer expects to finish the project in five to
seven years.
According
to Amonsagana’s website, the project will have four phases. At present,
the project is on its first phase with 66 lots and three designs for
house-and-lot packages.
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| actual photo of model house in Amonsagana Dennis T. Rosos Sales Executive Syntech Properties Inc. HLURB # CVR-15-1347 Mobile : +63 922 780 3576 Landline +6332 255 5461 www.facebook.com/cebulandasia email: dennis@syntech-phil.com or visit us at Amonsagana Sales Office at T-79, 1st Street, Green Valley, Capitol Hills, Cebu City 6000 |
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