REAL property developer Johndorf Ventures Corp. (JVC) recently handed over to its homeowners’ association the management of Tierra Nava Subdivision in Carcar City, in recognition of the organization’s self-management ability and in compliance with the Republic Act 9904.
A memorandum of agreement signifying the turnover of the property was signed last month between JVC Construction management head Raymond Wilson Lim and the Tierra Nava Subdivision Homeowners Association Inc. (TNSHAI) directors led by its association president Ritch Neil de la Victoria.
With the hand-over, TNSHAI assumes full management of the subdivision, particularly its common areas and facilities, and open spaces.
JVC managing director Abegail Lim expressed confidence in the capacity of TNSHAI to maintain subdivision facilities as she also conveyed gratitude for the trust which homeowners had given JVC.
“The relationships we have built over the years between us developers and our homeowners are that of goodwill, demonstrating our commitment in continuously learning from one other in the spirit of partnership towards our common benefit,” Lim said.
Tierra Nava is one of southern Cebu’s most prominent housing initiatives. It is among the first JVC projects to be completed in the province and set the standard for quality affordable townhomes. The 5.4-hectare property hosts 653 units in total, all of which have been sold.
JVC has launched 14 other projects in Cebu after the success of Tierra Nava. The JVC brands include economic residential developments, pocket communities and a mid-rise mixed-use village. (PR)