In this week's Project of the Week, Cribs and Rides shifts its eyes to the central Philippine city of Cebu, where a renewed interest in real estate is fueling a boom in condominiums and villas. Fuente Triangle Realty Development's Ultima Residences, a 28-story condominium dotted with dramatic foyers, closed circuit cameras for optimum security, and high-speed elevators, is one such project, and it's currently making waves among those interested in settling down permanently in the Philippines' Queen City of the South.

Check out why Ultima Residences is hot:

Discover the ultimate in condominium living at the newest high-rise residential tower located at Fuente Osmeña Boulevard in downtown Cebu City. The Ultima Residences Fuente Tower has 28 innovative floors of quality at every dimension. Homeowners will enjoy the convenience of loft-style living. Unhampered by a permanent floor plan, loft-style residential units afford on substantial open space for flexibility and fluidity of designs. Loft style increases the rooms' capabilities, transforming them into a home or an office.

Here are some fast facts about the project:

Location: Fuente Osmeña Boulevard, Cebu City
Number of floors: 28
Number of units per floor: 19
Average size of units: 60 square meters to 100 square meters
Amenities and features: Closed circuit TV security monitoring, automatic generator set, automatic sprinkler system, Internet connection, video intercom, five high-speed elevators, swimming pool, multi-level basement parking.

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Phinma Properties' Fountain Breeze

With land fast-becoming a scarce commodity in Metro Manila in the Philippines, condominiums seem to be the best choice for those looking for a residence in the center of the hustle and bustle of the capital.

In the last quarter of this year, Cribs & Rides will feature one project per week to showcase the Philippines' best on-the-rise communities and condominiums.

This week, we bring you Phinma Properties' Fountain Breeze, a master-planned community offering modern conveniences for the discerning urbanite:

Fountain Breeze is a first-of-its-kind urban community right in the center of Sucat in the southern Metro Manila component city Parañaque, just 30 minutes from the Makati Central Business District and 15 minutes from the Ninoy Aquino International Airport. It offers medium and high-rise condominiums, provisions for parking buildings, and modern amenities such as a swimming pool, clubhouse, playgrounds, that will have everything you need in one place.

Here are some fast facts about the project:

Location: Lombos Avenue, Sucat, Parañaque City
Lot Area: 3.1 hectares
Number of Residential Buildings: 14
Number of Units: 1,710
Unit Sizes: 30 square meters and 40 square meters (expandable to 60 sqm, 70 sqm, 80 sqm, 90 sqm, and 100 sqm)
Unit Specifications: Painted walls and ceiling, vinyl floor tiles, modular kitchen, tiled toilet and bath, and aluminum windows
Amenities: Multi-function hall, trellis garden, walking paths and jogging lanes, badminton court, fitness hub, children's playground, swimming pool, kid's wading pool

The project is almost complete, so stay tuned for developments through this space.