Bamboo Bay Community Tower One Acquires 200M Funding

Contempo Property Holdings, Inc. (CPHI) signed a memorandum of agreement with the Development Bank of the Philippines (DBP) for a P200M facility for Bamboo Bay Tower One.

DBP manager and head of Cebu Branch, Lorna Gallego and Executive Vice President, Head of Middle Market Group, Mario B. Palou signed the agreement with CPHI CEO Beverly Dayanan, VP for Operations, Mitone Rivera, and Account Manager, Jojie Benitez.

CPHI is a home grown real estate developer that aims to shape communities of affordable homes in Cebu in response to the aspirations of mid-income Filipinos to live a better life among good neighbors in a safe, nurturing and secure environment.

Its flagship project, Bamboo Bay Community was launched in 2013.It is a one-hectare Asian contemporary development that is master-planned to support 3 residential towers with a central core of resort amenities.  Tower One is right on schedule with its development, and is scheduled for turn-over to homeowners by 2015.  Tower Two was launched in January 2014 and is set for construction in July this year.

Photo above: From left to right: DBP Executive Vice President, Head of Middle Market Group Mario Palou, Regional Lawyer Atty. Ma. Vita J. Nunag, Manager and Head of Cebu Branch Lorna Gallego, CPHI CEO Beverly Dayanan, Accounting Manager Jojie Tajanlangit, and Vice President for Operations Mitone Rivera. (Contributed Photo)