Cebu firm joins real estate
CEBU CITY – Seeing the growing demand for house and lot, the Cebu Belmont Inc. (CBI), the largest non-traditional hardware shop here has recently ventured into real estate business through Colourfield Land Development Inc., believing that their direct contact with the suppliers is among their edge in the market.
It is noted that CBI features an inventory of 40,000 items of over a thousand leading brand names where the span of the products have covered the most basic items for manufacturing to the more advanced or sophisticated tools and machinery needed by small, medium to large scale manufacturers.
Colourfield Land president and chief executive officer (CEO) Chester Lim during the launching of the said company bared that the increasing demand for house and lots in Cebu has really encouraged the CBI to venture into real estate despite the tough competition.
“Aside from the increasing demand of house and lot here, what encourage us most to join in the real estate business is our advantage in terms of having direct contact with the suppliers because through this we can bring down the cost of the construction,” he said. Lim also said their good after-sales service in CBI will also be part of management.