Phinma ramps up first township dev't

Phinma Properties of the Del Rosario family's Phinma Group is ramping up the development of its first township, the 21-hectare Saludad in Bacolod City, with similar master-planned projects also being explored in other areas of the country.

- By RICHMOND MERCURIO

Phinma Properties vice president and chief housing officer Paolo Reyes told The STAR that more developments are underway this year for the P12-billion Saludad township.

"By this year, the Tryp Hotel will start construction and also, hopefully once they get their appropriate permits and licenses, the Southwestern University will start toward the end of the year," he said.

Reyes said that land development of the southern portion of the township is set to be completed by 2026.

"We're accelerating the northern portion. We're starting on it already. So Phase 2, which was supposed to start next year, because of the take-up, we started doing it," he said.