MANILA, Philippines — Property developer Cathay Land Inc. expects to generate P12 billion worth of sales from its new residential condominium project in Las Piñas.
In a statement yesterday, Cathay Land said the sales projection are for the new project called Anantara Square located along Alabang-Zapote Road in Las Piñas City, between SM South Mall and Robinsons Place Las Piñas.
“Given our project’s strategic location in the dynamic south of the metro, our highly attractive launch price and easy payment scheme make Anantara Square an ideal investment,” Cathay Land president Jeffrey Ng said.
Cathay Land is set to start construction for the first tower of the Anantara Square, targeted for young professionals and starting families, next month.
Anantara Square’s first tower will feature about 700 units comprised mainly of studio units and one-bedroom suites.
The 24-square meter studio unit is priced at P2.6 million, while the one-bedroom unit is being sold at a starting price of P3.1 million.
Apart from studio units and bedroom units, the Anantara Square will feature an aquarium at the building’s center, a lap pool and kiddie pool, pocket gardens, a courtyard, a social hall and a study lounge for residents.
To provide convenience to residents, the Anantara Square will have a mini mall which would occupy the ground floor up to the third floor of the building.
Turnover of the project will begin in 2023.
After completing the first tower, Cathay Land plans to build three more towers to complete the Anantara Square development.
With Alabang poised to be the next hotspot in Metro Manila given major infrastructure projects being undertaken in the area such as the Skyway Stage 3 and the elevated tollway which would link the north and south sections of the metropolis with the North and South Luzon Expressways, Ng said the Anantara Square project becomes more attractive for individuals looking for properties to invest in.
“We advise investors and aspiring homeowners to position themselves now, as property values are expected to appreciate once this landmark project (Skyway Stage 3) is completed,” he said.