Cebu Developer Priland venturing to Cagayan de Oro, Davao

CEBU-BASED real estate developer Priland Development Corp. is preparing to launch next year residential and office space projects in the Mindanao cities of Cagayan de Oro and Davao. Priland President Ramon Carlo Yap, in an interview, said aside from the company’s aggressive stance in expanding in Cebu province, they also want to venture into the promising real estate sector in the southern island. He noted that Mindanao still has huge untapped areas compared with Cebu’s diminishing supply of good properties. The company earlier announced that it will spend an estimated P3 billion for three more projects in Cebu that will be launched within the year. Since 2013, Priland has launched eight projects within Metro Cebu. These projects are in various stages of developments and are mostly sold out.

Source: Business World