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Bacolod City, Philippines Wednesday, February 22, 2006
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Palanca to build condo
at Reclamation property

A plan to build a twin high-tower condominium in front of the Bacolod Pavilion at the Reclamation area was announced recently by chairman Simplico Palanca of the Bacolod Real Estate Development Corp.

Palanca said the project is expected to be completed by year's end. He said the original idea was for two slim high-tower buildings rising side by side in front of the Supercat terminal at the BREDCO port, but the design had been modified to a single building with two portions interconnected to maximize the number of available units to 56.

That first-ever condominium to be built in Bacolod may actually be a prelude to the expected accelerated development of the Reclamation area into a city within a city, and into a commercial and industrial center.

What can emerge, Palanca said, is the condominium community with a largely entrepreneurial mindset and committed to a vision of a commercial and industrial BREDCO and Bacolod City.

Those expected to buy condo units, Palanca said, are believers in the future of the Reclamation area as an industrial-commercial estate.*RLE

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