P2.6-B mixed use developmenton the pipeline for Tagum City

NOTING on the urban center’s bustling economy, property developer Suntrust Properties Inc. is set to build Palm City, a residential and commercial development, in a 27.7-hectare lot at Brgy. Mankilam, Tagum City, Davao del Norte.

“Tagum City’s dynamism and booming economy make it very suitable and ready for a Suntrust community,” said Harrison M. Paltongan, president of the company.

The property developer, a wholly-owned subsidiary of Megaworld Corp., will initially pour P2.6 billion to develop the project. This will be developed by three phases with a total of 1,284 housing units and two commercial lots.

The name of the project is inspired on Tagum City’s roads that are filled with palm trees.

Palm City, which is a joint venture with PNS Land Development Inc., was officially launched on Nov. 26 at Big 8 Hotel in Tagum City. The property is owned by PNS Land Development Inc. led by its president Lemuel R. Podador.

“Despite the opulent concept of the Suntrust Palm City project, these units would still be competitively priced and unimaginably affordable,” Paltongan said.

This is targeted to cater to the mid-range market as the housing units cost P2.6 million to P5.4 million. It comes in duplex Abigail house model (88 square meters), two-storey single-detached Cathleen house model (150 square meters) and two-storey single-detached Bridgette house (120 square meters).

Its amenities include parks and playgrounds, clubhouse and commercial buildings. The company would also encourage the future homeowners to plant palms in their lawns as they planned to fill the whole project with variety of palm trees.

Tagum City’s palm trees and good peace and order have attracted Suntrust Properties to develop Palm City, its second development in the region next to One Lakeshore Drive in Davao City.

“We also look at this as our contribution to government and to nation building,” Paltongan said.

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