BACKGROUND

I. The Project

Citta di Mare is a master-planned community spanning approximately 50 hectares at the newly reclaimed South Road Properties of the Cebu City Government.

Citta di Mare, or “the City by the Sea”, captures the charms of resort living with its majestic views of Mactan’s coast and Cebu’s mountains. The development, bisected into 2 sections by the Cebu Coastal Road, will redefine waterfront and seaside resort living in the Visayas.

Il Corso, the 106,148sqm section directly fronting the sea will be developed into a waterfront lifestyle strip that will offer a range of seaside leisure activities.

The 390,484sqm section on the opposite side of the Coastal Road will be developed into a residential resort town composed of themed residential communities anchored by the Piazza, an Italian-inspired common amenity area. The development on the area is a joint venture development project between Filinvest Land, Inc. and the Cebu City Government.

Amalfi Oasis, the first residential cluster to be developed at Citta di Mare, is inspired by the Italian coastal towns along the Costiera Amalfitana (Amalfi Coast), which is renowned for its scenic beauty, picturesque towns and diversity.

II. Location

South Road Properties (SRP), Cebu City

The South Roads Properties (SRP) is a 300-hectare prime property development project on reclaimed land located a few meters off the cost Cebu’s central business district. It is registered with the Philippine Economic Zone Authority (PEZA) as a Special Economic Zone.

Its project cost of over 12Bn Yen was funded by the Japan Bank for International Coopreation (JBIC). Counterpart funding was provided by the City of Cebu which owns the project.

Abutting the SRP is the Cebu Coastal Road, a 12-kilometer, 4-lane highway that costs 18Bn Yen and was also funded by the JBIC.

Features of and Infrastructure at the SRP (from the Cebu City Government)

• Reclamation and all other civil works were done by Japanese contractors in conformity with internationally accepted engineering standards.

• To optimize the use and cost of water, a dual piping system will be installed, a separate pipe for potable water and another one for gray water.

• Fiber Optic cables for all telecommunications and broadband requirements will be available.
  

• Fiber Optic cables for all telecommunications and broadband requirements will be available.

• Proposed Bus Rapid Transit line

• Proposed Ferry Terminal
  

• Buffer zone between SRP and Inayawan area

Locators at the SRP

• Proposed Court of Appeals Building

• 304,100sqm SM Prime Holdings development, bought from the Cebu City Government at 3.1Bn
  

• 3.1has area leased to Bigfoot
  

• 3.02has proposed City Hall Block
  

• 5.1193has proposed UP Campus
  

• 0.6439has area for utilities

• 4.7036has area for DPWH