BY CATHERINE TALAVERA, REPORTER
PROVINCIAL and affordable residential subdivision developer ACM Landholdings Inc. will be unveiling its first project in Iloilo in a couple of months, one of the company’s founders and top officials told The Manila Times Tuesday.
ACM Landholdings Inc. Managing Director Carolina Osteria said land development for the Iloilo project has already started, though not yet officially launched.
“We’ve started pre-marketing,” said Osteria, whose first name initial, together with those of two lady co-founders, make up the firm’s corporate name. “And there’s a lot of enthusiasm in this product in this location. It’s in Jaro, Iloilo.”
Osteria said the project would sit on a 12-hectare land, expandable to 20 hectares.
She said it would follow the usual type of product ACM delivers—house-and-lot packages catering to its niche market of seafarers.
She added the project would offer around 700 units, measuring 100 square meters each on the average.
“The city is growing in bits and bounds,” Osteria opined. “The infrastructure is there. The circumferential road that connects it to Panay is near our property.”
Osteria is hoping ACM’s Iloilo project will get the same reception as the company’s Imus-based projects.
“Iloilo has its own kind of vibrance, and its own kind of economic pacing for this type of product,” she said. “I would like to think that we would be following the same velocity as Imus.”
ACM Landholdings Inc., also called ACM Homes, was established in 1992 and has built over 10,000 affordable houses in gated subdivisions in Cavite and Batangas in Southern Luzon.
ACM’s house-and-lot packages in these projects range from P300,000 to P3,500,000, catering to end-users and first-time homebuyers, mostly seafarers.
The company has partnered with Philippine Transmarine Carriers, Inc., one of the country’s largest crew management firms.
Osteria and two partners, Antonette de Guzman and Mia Gentuyaga, founded ACM and used their first names’ initials as the company name.
Osteria and de Guzman were expatriates in Hong Kong, while Gentuyaga is a senior partner in one of the country’s top law firms.
Osteria was a senior executive at Chemical Bank, where she did investment banking.
De Guzman was a regional director for credit at The Elder’s Finance Group.
Gentuyaga is not active in the company’s operation, but remains as a consultant.