List of Licensed Real Estate Developers

MANILA, Philippines — Taft Property Venture Development Corp., the real estate arm of Vicsal Development Corp., recently acquired a six-hectare semi-developed subdivision in Biñan, Laguna as its first project in Luzon.

Manuel Colayco, Jr., chief operating officer of Taft Property, said that acquiring the property was part of the company’s approach to establish a major market presence in Luzon.

“Acquiring the property enables us to demonstrate our knowledge, credibility, and reliability in the real-estate market in Luzon, as we aim to be a major player in the real-estate industry not only in Cebu but in the major markets of Luzon, NCR, and the South.”

Colayco, Jr. also said that the company wants to show that if Manila-based companies see Cebu as an expansion area for their business, Cebu-based companies also see Metro Manila as an area where they can grow.

The Cebu-based company sees a bright future in its real estate venture in Luzon.

It has a record of successful operations in Cebu, servicing the lower- to middle-income market, mainly start-up families, young professionals and even Overseas Filipino Workers.

The Memorandum of Agreement for the property acquisition was signed by Jack Gaisano, president and founder of Taft Property Venture Development Corp. and president of Vicsal Development Corp. and Vicente Ayllon, chairman of the board and chief executive officer of Insular Life. They were joined by Manuel Colayco, Jr. and Mayo Jose Onsingco, president and COO, Insular Life.