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Low cost housing in Cebu – Richwood homes

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Low cost Housing in Cebu – Richwood homes

Primary Homes Inc.

Is one of the Local Developers in Cebu with over 30 yrs of Track record in Construction and the Only Triple A ISO Standard Construction Company in Visayas and Mindanao. Primary Homes also offer Low Cost Housing in Cebu North with a  very affordable payment terms Design for Local Employees & small business owners, Why rent? while you can have your own house. CebuFirst Team always find ways to Help the needs of our Clients.

Rent to own house and lot
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vlcsnap-2016-02-04-16h24m28s61 vlcsnap-2016-02-04-16h24m54s74Richwood Homes –  Low Cost Housing in Cebu – Richwood homes

The Project is Approximately 200 meters from National Highway walking Distance from the Beach, Church and Supermarket and 15 min. ride from SM Consolacion, Cebu. Richwood homes is one of the Low Cost Housing in Cebu. A program of Primary Homes strategically location 150 meters away from national highway, other low cost housing in Cebu is located mostly very far from the main roads.

Unit Details:

✔2-Storey Townhouse
✔Lot Area : 40 sqm
✔Floor Area: 50 sqm


✔Entrance with guard house
✔Multi-Purpose Hall
✔Convertible Court
✔Selected Landscaped and play areas
✔Concrete Roads
✔Cemented curbs and gutters
✔Drainage System
✔Cistern & Overhead Water Tank
✔Electrical & Water Distribution System

House Features:

✔Bathroom Fixtures
✔Kitchen Counter with Built-in Cabinet
✔Plumbing & Electrical System

Unit Specifications

✔Modern & Sleek Design
✔Concrete Solid Walls
✔Smooth Concrete Finish Flooring
✔Awning Front Windows
✔Wooden Stair Tread
✔Tiled Toilet & Bathroom

Note: House & Lot Package does not include Room Partitions

Sample Computations –  for Low cost  housing in Cebu

PAG-IBIG LOAN:Loanable Amount: Php 875,000.00

30 years to pay Php 5,821 / month
25 years to pay Php 6,184 / month
20 years to pay Php 6,784 / month

BANK LOAN:Loanable Amount: Php 875,000.00

15 years to pay Php 7,865 / month
10 years to pay Php 10,160 / month
5 years to pay Php 17,326 / monthTurnover: 4th Quarter of

According to Mr. Espina – Richwood  Homes is a low cost housing in Cebu by Primary Homes Inc.

” A HOMEGROWN developer Primary Homes Inc. (PHI) is building 709 townhouse units in its 5.4-hectare property in Poblacion, Compostela. The company is investing P430 million to build Richwood Homes, its latest and 36th project since it entered the real estate business. This is the third project launched by the company this year. He said further, PHI’s vice president for sales and marketing, Richwood Homes is a development centered on building homes for every Filipino because of its affordability.

Yesterday, PHI launched the model units of Richwood Homes. Townhouse units at Richwood Homes are priced P1.25 million, with floor area of 50 square meters (sq.m) and lot area of 40 sq.m. “Homeowners will enjoy modern and sleek designed houses, with smooth concrete finished flooring, tiled toilet and bathrooms complete with its fixtures, a kitchen counter and a well-designed plumbing and electrical system,” said Espina. Espina said the project is ideal for starting families in the business process outsourcing and manufacturing industries. He added it is also strategically located, being one jeepney ride away from their place of work and retail establishments. The townhouse community is also a walking distance from the Compostela Municipal Hall and Señor Santiago Church and is 200 meters away from the public market and beach resorts.

Richwood Homes is scheduled for turnover in the fourth quarter of 2017. Espina said the project is already 20 to 30 percent sold. PHI is providing flexible payment terms for interested buyers available through the firm’s in-house financing, Pag-IBIG or bank loan. Espina said buyers who will avail themselves of PHI’s in-house financing would get P50,000 discount for a townhouse unit. Its reservation fee is at P15,000. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined exposure of universal, commercial and thrift banks to the real estate sector stood at P1.359 trillion from January to June, 22 percent higher than the P1.16 trillion recorded in the same period last year. The growth was mainly driven by a 26 percent increase in real estate loans, which reached P1.176 trillion at end-June from P934.89 billion in the same period last year.

Article is crideted to KATLENE O. CACHO 

Updated Pricelist as May 26, 2017



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