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Cebu Landmasters Inc., sold P3.5 billion units from its P5.5-billion residential project 38 Park Avenue, in Cebu IT Park.
The 38-storey project is the first of a three-phase mixed-use development within a 1.2-hectare property, set for turnover starting the fourth quarter.
It is a joint-venture between Cebu Landmasters and El Camino Developers Inc.
The development offers upscale residential units and a lifestyle center within The Plaza, a generous park space with retail area.
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The next phases are currently under the planning stage.
38 Park Avenue offers 764 units with 459 studio units, 230 one-bedroom units, 56 two-bedroom units, 11 three-bedroom units and eight penthouse units.
