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One Asia Development Corp., one of the leading
players in the property sector, said on Tuesday investors will put
up a medical plaza, a condotel, and a call center in the company’s
information technology park and commercial center in Biñan, Laguna.
One Asia, which also owns the
Republic Biscuits and Asia United Bank, is spending P100 million for
the development of the 10-hectare Laguna property.
Victor Manarang, president and
chief executive officer of One Asia, said the whole project will be
developed into three phases.
The development of the first
phase of the project will be finished next month, the second phase
in the third quarter of the year and the third phase in the last
quarter of 2009.
The first phase of the
Information Technology park has been approved by the Board of
Philippine Economic Zone Authority.
Once completed, the IT park will
have facilities for foreign and domestic locators involved in
information and communication technology and business process
outsourcing firms.
“One Asia Business Center is
envisioned to be an IT park, with world-class locators involved in
information technology business like call centers and medical
transcription,” Manarang said.
The company currently sells 600
to 700-square-meter commercial lots with a price range of P8.9
million to P10.5 million and 200 to 400-square-meter retail lots at
P3 million to P7 million.
The company targets
half-a-billion-peso sales at end-December, said Jasmin Trinidad,
assistant vice president of One Asia.
--Katrina Mennen A. Valdez
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