Cathay Land pours in P1 B for Cavite dev’t

MANILA, Philippines — Property developer Cathay Land is investing P1 billion in two new residential condominium projects in its biggest township in Silang, Cavite.

“Industrial and residential activity is on the uptrend in the south, particularly in the Metro Sta. Rosa-Silang-Tagaytay area. This makes it an opportune time to launch two of our new low-rise condominium projects both for the investor and end-user communities,” Cathay Land president Jeffrey Ng said.

Cathay Land’s condominium projects Stanford Suites 3 and Fullerton Suites are both located within the 500-hectare South Forbes Golf City.

Due to its proximity to commercial area Westborough Town Centre, Stanford Suites 3 is targeted for young families, retirees and investors.

Meanwhile, Fullerton Suites would cater to young families, educators and businessmen as it is near the upcoming Chiang Kai Shek College.

The educational institution is set to open its Silang branch in 2020.

Apart from being located near the Chang Kai Shek College, the Fullerton Suites project also gives residents easy access to the Silang East interchange of the upcoming Cavite-Laguna Expressway (CALAX).

With the planned Cavite-Tagaytay-Batangas Expressway set to link the CALAX to Tagaytay City and Nasugbu in Batangas, business and leisure spots in the south will be a short drive away from Fullerton Suites.

Both projects offer studio and one-bedroom units.

Those who want bigger units, meanwhile, can opt to combine adjacent units on the upper floors.

Ng said the cost of a studio unit which starts at P1.5 million with a monthly amortization of P23,000 for the first year, is an ideal investment.

“Given that our completed condominium projects have significantly appreciated in value over the past few years and enjoy high lease rates among the local expatriate and education community, both projects will surely get a warm reception from the market,” Ng said.