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By Katrina Mennen A. Valdez, Reporter
ROBINSONS Land Corp. (RLC) said on Monday that
prices of its condominium units and office spaces have increased by
double-digits amid the surging price of construction materials.
Frederick Go, RLC president and chief operating
officer, told reporters during the launch of its Two Gateway Place
that the company already imputed a 10-percent increase in selling
prices due to the soaring price of steel and cement.
“The sales are doing very well, but the prices
of construction materials have become very difficult for property
developers like [us],” Go said.
The executive cited the Two Gateway Place
condominium, which costs P70,000 per square meter, or 10 percent
higher than its original selling price.
So far, six of the 10 buildings are up, two
others are under construction, while the remaining will commence
construction next year.
“All of [our] ongoing projects are secured
despite the fact that [we] are battling with the jacking up of the
prices of construction materials,” Go said.
He said cement and steel accounts for 25 percent
of building costs. Despite inflation, the company is still upbeat
for the year, and intends to pursue its expansion plans all over the
country, he said.
“But the [construction] industry as a whole
have to reevaluate, be more careful in determining what projects are
good and salable for the people” he added.
Some of the property developer’s projects
include the Amisa Towers in Cebu, Trion Towers in Taguig City, and
Woodsville in Parañaque City.
“Home buyers should already decide to buy
their units as soon as possible, since the prices of real-estate
property are consistently increasing these days,” Go said.
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