Each unit will be priced between 1 million pesos and 6 million pesos, targeting middle-income first time homebuyers. Overall, the deal will deliver homes worth more than 57 billion pesos. The joint venture company, to be named Phirst Park Homes, will be incorporated after the joint venture agreement has secured clearance from the Philippine Competition Commission. Capital expenditures for the first five years are estimated at around 10 billion pesos. “We thank Mitsubishi for its continued trust and confidence in Century Properties.
Source: The Nation Bangkok May 16, 2018 18:00 UTC