Visayas-based Seventyseven Living Spaces Inc. (77LSI) will construct a mass-housing project for 902 Cebu government employees, amid the pandemic.
The housing project, which will be erected in the remaining 7.3-hectare property owned by Cebu provincial government in Barangay Tunghaan, Minglanilla town, is an initiative of the Department of Human Settlements and Urban Development (DHSUD) and the Cebu Provincial Government.
The P111-million project is the company’s first socialized housing endeavor in Cebu under the Balance Housing Act which requires owners and/or developers of proposed subdivision and condominium projects to develop an area for socialized housing, at the option of the developer, equivalent to at least 15 percent of the total subdivision area or subdivision project cost.
Most of the company’s socialized housing projects are located in Negros — some of which are low-cost housing like the Aldea Homes 1, Aldea Homes 2, Aldea Homes 3&4 and Marina Del Costa located in Sibulan Negros Oriental.
The company is the developer behind the three Aldea Premier developments: the Malibu Residences in Talisay City; Bali Residences which is located in Lapu-Lapu City; and Florence Residences in the Cubacub-Mandaue area.
77LSI was a top performing developer for the Visayas by Pag-Ibig Fund in 2020.
