'The price point that we have initially is actually not so far from what we've proven we can sell, and what we've proven that the market is willing to take,' says John Richard Sotelo, senior vice president of RLC Residences.
Robinsons Land’s RLC Residences is selling three of those at the moment in its latest luxury development, Mantawi Residences. There were initially four, but a 207-square meter penthouse was already sold to an unnamed client.
“We did take a long, hard look at what’s the price point that we feel the Cebu market is ready for. When we took a look at our experience with Amisa [Private Residences], and then we also checked competition, to see how prices are going. The price point that we have initially is actually not so far from what we’ve proven we can sell, and what we’ve proven that the market is willing to take,” said John Richard Sotelo, senior vice president of RLC Residences.
It is currently pre-selling some 310 one-bedroom units , 148 two-bedroom units , 12 three-bedroom units , and three penthouses . The upscale development also boasts a massive 1.3-hectare amenity area, which features landscaped areas, beach-inspired swimming pools, a cascading water wall, a pet park, and an outdoor play area.
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