Rockwell’s Mactan resort project posts ‘bullish’ sales take-up

Posted on Wednesday, November 6th, 2019

NEW PROJECT. Rockwell Land Corp. shows a scale model of its pioneer resort development, the P6.2 billion Aruga Resort and Residences Mactan. The 5.5 hectare project is eyed to be completed by July 2023.

 

Property developer Rockwell Land Corp. is seeing a bullish sales take-up for its P6.2 billion premier development, Aruga Resort and Residences – Mactan, in just 15 months.

Weelisa Ang, sales manager at the Lopez Group company, told SunStar Cebu the project’s residential units are already 54 percent sold.

“This is the first cluster. We have 276 units. We started offering it to the market last August,” she said.

The project is targeted to be completed by July 2023. “We hope to finish at least the residential phase by that time,” she said.

Ang said Aruga Resort and Residences – Mactan is their pioneer resort project so far.

“We’re really in the ultra luxury segment. We do have 40 percent of the local Cebu clients, 40 percent from Manila and a good number of 20 percent are international clients,” Ang said, citing foreign buyers including Japanese, Americans, Singaporeans and Europeans.

The 5-hectare property in Punta Engaño will boast of residential units, a hotel and an unannounced project.

The Aruga Resort and Residences – Mactan has recorded P360,000 per square meter sold for a one-bedroom beachfront unit, the highest as of March 2019. Prices of its units range from P16 million to P23 million.

Ang said their edge against other developments in Mactan is their 270-meter beachfront.

“What we were proud of is the beachfront that we have and what we will develop. It’s the longest in Punta Engaño. I don’t think there are any developments here that are able to do that yet at least at the moment and second is the quality and what we will deliver. You do know that what we show you and what we will promise, we will deliver and we will never shortchange our clients,” she said.

“The Rockwell lifestyle, which we are very proud of, I think it’s still our signature. Peace of mind, security, back-up power and water supply. The little things that somehow we take for granted,” she said.

The developer launched Aruga’s model units on Saturday, Oct. 26, 2019.

 

Source: https://www.sunstar.com.ph/article/1829582