BOHOL’S HOMEGROWN developer Lite Properties Corp. (LPC) has broken ground for its second project in Bohol, named Corella Homes after the town where it is located. “This is going to be our biggest project. This is a landmark project for us,” said LPC Chief Executive Officer Lucio Lim Jr, noting that they are bullish about the growing housing demand in the province. Corella Homes, located about seven kilometers from the capital Tagbilaran City, is a mid-range housing project that will be located on a 25,000-square meter property along the main highway in Barangay Poblacion. It will have 209 housing units and five units of commercial spaces. LPC’s first housing project in Bohol is the Lirio Residences in Tagbilaran City, a mid-market project beside the old airport. LPC is the property development unit of Lite Holdings, a company founded by the Lim family of Bohol and has interests in shipping, cement, and rice, among others. Aside from Bohol, the firm also has other developments in Cebu, including Lucena Homes in Minglanilla town and Luciana Residences in Cordova on Mactan Island. — The Freeman

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