Korean firm to finish 17-storey tower by 2010

http://www.bloggen.be/philippinenews
24-09-2009

SUBIC BAY Freeport -- Subic's tourism will be boosted again once a Korean firm completes the 17-storey residential and commercial units here by the end of 2010.

KT Global, the developer of Ampelos Tower, said in a statement that its 490 residential units and 220 condotel units will be finished by the end of 2010, infusing in more $135 million in investment for Subic Freeport.

KT Global president Hong Shik Kim said: "Subic Bay Freeport Zone, with its tax-free trading trend has been a home for millions of tourists who enjoy the zone's offer of comfortable and cozy ambience of leisure, tours and relaxation havens."

The tower will be the first highest tower in the Freeport zone and is expected to dwarf existing buildings in the area and boost tourism industry.

He added that KT Global believe in the capacity of Subic Bay Freeport Zone not only in marketing products and services but also offers a wide range of opportunities.

Kim said it has now sold almost 50 percent of its total project and is now on its pre-selling of the remaining units

Ampelos Tower is the pioneer in new and modern lifestyles in Subic with its sophisticated and classy architectural designs of residential units complete with advanced home security devices.

KT Global is the first to offer this kind of revolutionary way in real estate especially in the residential market in Subic.

"When finished, it (Ampelos tower) will be the landmark of Subic," he added.