‘Monthly amortization of Fiesta Communities unit, lower than rental fee’

Written by
  • Butch G.
  • 4 years ago

MARIVELES, Bataan – “The monthly amortization of a Fiesta Communities unit is lower than the monthly housing rental fee spent by Freeport workers in Mariveles”, according to a top officer of socialized housing developer.
“We conducted feasibility study prior to the building of our housing project in Brgy. Balon Anito and it is one of the things we found out”, said Fiesta Communities Regional Manager Gene Ryan Bautista during their Mariveles project Open House event here a week ago.
“We learned many workers here are renting. We package units that are cheaper as compared to monthly rentals,” he added.
He said based on their study, 60 percent of FAB workers are renting.
The housing units in Fiesta Communities Mariveles range from P450,000 to P1.4 million. The lowest monthly amortization is P2,800 for a unit.
Bautista said their Mariveles project initially has 18 hectares but was increased to 25 hectares. He added they are targeting it to be a township project with a total area of 50 to 70 hectares.
Two new housing models Townhouse and Couple were unveiled during the Open House.
For almost a decade now, FIESTA Communities has been a leader and a prime provider of quality, affordable homes to the low to mid-class markets of the Northern and Central Luzon.

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