Buyers snapping up lots in Megaworld’s Cavite CBD

MANILA, Philippines — Andrew Tan-led property giant Megaworld Corp. has already sold over 250 commercial prime lots in its proposed central business district in Cavite.

The company is enjoying brisk demand for the lots just 45 days since it launched its 140-hectare Maple Grove Commercial District in Gen. Trias, said Rachelle Penaflorida, vice president for sales and marketing.

The commercial lots form part of the proposed “Makati-inspired” central business district of Cavite, which offers 360 title commercial lots amounting to P9 billion.

“We have received an overwhelming tranche of booked sales for this project during the past days, even during the holidays. It really did not come as a surprise to us because even before we have announced this, we have already received a lot of inquiries,” Penaflorida said.

Megaworld is hitching a ride on the fast growing economy of Gen. Trias in Cavite, noting that investors are looking forward to the new proposed CBD.

The town of Gen. Trias is easily accessible to Sangley Point, one of the proposed new locations of a new airport. It is also less than an hour away from the Makati CBD via Coastal Road and Cavitex.

In November last year, Megaworld said it would be offering prime commercial lots in the 35-hectare commercial district within the Maple Grove township. Commercial lots range from 360 square meters to 1,008 sqm in size.

Envisioned to be the “Green City of the South,” the Maple Grove Commercial District’s buildings within the development will feature rooftop gardens, vertical and indoor gardens as well as green porches and lawns.

“We envision this to be the ‘Green City of the South,’ because of its numerous sustainability features and environment-friendly amenities,” said Peñaflorida.

According to its blueprint, Maple Grove Commercial District will have seven green and open parks across the development, including a Central Park that will serve as a ‘green jewel’ of the commercial district.

The company is targeting to complete the commercial district in 2022. Turnover of lots to owners will commence after completion.

Lot owners can then start constructing their buildings within five years from the turnover.

Last year, Megaworld announced it is allocating P10 billion to build the 140-hectare Maple Grove township in 10 years.

Aside from the Maple Grove Commercial District, the township will have residential and recreational villages, school and other mixed-use and commercial developments including a Lifestyle Mall that will be built in the next 10 years.