While Young’s project is intended to be environmentally sustainable, a large proportion of the development will be built near the Monterrazas de Cebu, a site whose developers twice received cease and desist orders from the Cebu City government due to the development possibly causing disasters to happen at the foot of the mountain.
Many of Cebu’s local chiefs and their families, including the Osmeñas, have homes in the residential areas of the barangay. : “With the acquisition of Genvi, the development by the 8990 Group of upscale subdivisions and high-end residential communities will definitely continue. Furthermore, this firms up the intention of 8990 Holdings to expand into other real estate segments that have proven to have strong demand in the past years.”GO SIGNAL. The environment department’s regional office in Central Visayas granted the Monterrazas de Cebu project an environmental compliance certificate in May 2007.
Cuñado is the former director of the Environmental Management Bureau of the DENR who was also responsible for the Must ReadIn terms of sustainability, Young said the project would have its own drip irrigation system. The project also includes parking stations where electric cars can be charged and solar-powered amenity areas.
Source: Real Estate Daily Report (realestatedailyreport.net)
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