Philippines Property Awards’ Best Developer winner obtains ECC for 100-hectare project
The Ming-Mori Minglanilla Reclamation Project covering 100 hectares easily accessible to Cebu City was issued an Environmental Compliance Certificate (ECC) by the Department of Environment and Natural Resources (DENR) on July 22, 2020, following a comprehensive two-year review.
The joint venture among the local government of Minglanilla and private consortium partners Ming-Mori Development Corp. (MMDC), an affiliate of listed firm Cebu Landmasters Inc. (CLI), envisions a world-class estate that will generate over 75,000 jobs in the municipality and its environs while meeting sound environmental guidelines.
Following the issuance of the ECC considered one of the major prerequisites and milestones of a reclamation project, the development will now be subject to the approval process of the Philippine Reclamation Authority (PRA).
CLI reports that more township projects are underway in the cities of Mandaue, Tagbilaran, Cagayan de Oro and Bacolod City. In 2019, the company was awarded as the Best Developer in the Philippines by PropertyGuru Asia Property Awards.
Continue reading at sunstar.com.ph/
Recommended
How the Gold Coast became Australia’s hottest property market
The Queensland beach enclave, previously seen as a pleasure retreat, is becoming a haven for investors
Trust gap slows Chinese tourism and property investment in Thailand
Scam-related narratives accelerate a shift in tourism and property investment away from Thailand
Timor-Leste real estate takes off as nation joins ASEAN
Early signs of a property market emerge amid land-title reform and cautious foreign interest
Macau market weakness persists despite economic rebound signs
As Macau’s gaming revenues surge back to life, its residential property market remains stuck on a losing streak
