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ONE Asia
Development Corp., a niche player in the booming
real-estate sector, expects to cash in on “pocket malls”
this year.
Victor
H. Manarang, president and chief executive officer of
One Asia, said the development of commercial strips or
“pocket malls” as well as strategically located
residential housing projects will fuel the company’s
sales growth in 2007.
One Asia
sees its net sales rising to P1.1 billion this year, up
by P400 million or 57 percent from P700 million
registered in 2006.
Pocket
malls, according to Manarang, are commercial properties
located right across residences that are developed for
commercial enterprises such as food establishments,
convenience stores, drugstores and other retail and
service outlets patronized by a nearby community.
Manarang
said pocket malls would comprise about 30 percent of One
Asia’s net sales target of P1.1 billion this year.
The
company is developing eight pocket malls, of which seven
are located in the industrial province of Cavite and one
in the equally progressive Laguna province.
In
particular, the company is investing about P70 million
for a 1.2-hectare commercial development appropriately
named Promenade South along the booming Molino-Paliparan
Road in Dasmariñas, Cavite.
Located
beside One Asia’s upcoming affordable housing project
The Promenade Residences, Promenade South offers a total
of 56 lots at affordable prices, with sizes ranging from
71 square meters to 300 square meters.
Prices
start from P9,000 to P12,500 per square meter. The
property features a 700-square-meter landscaped
roundabout, which could also serve as a future venue for
activities such as concerts, parties and other
gatherings.
Promenade South will also serve as one of the gateways
to a 1,000-hectare soon-to-rise self-sustaining
community.
Manarang
said another pocket mall in development is Piazza
Bellissima, a 3,000-square-meter commercial property
located along the busy Aguinaldo Highway, Imus, Cavite
and in front of Casa Bellissima, a well-planned
residential community for mid-income dwellers that will
soon be developed.
Piazza
Bellissima is envisioned to be major commercial hub,
servicing the demand even for large space requirements
of gas stations and other appropriate establishments.
The
project has also allocated an area for small lot buyers,
suitable for various retail and service establishments,
he added. |
