Cathay Land expands Cavite industrial park
Louella Desiderio (The Philippine Star) - November 17, 2019 - 12:00am

MANILA,Philippines — Property developer Cathay Land Inc. is expanding its industrial park in Cavite to take advantage of demand from firms in China looking to relocate amid an ongoing trade war with the US.

In a statement, Cathay Land said it is undertaking expansion for Phase 2 of the Cavite Light Industrial Park (CLIP) by starting Tranches 3 and 4 covering 15 hectares.

Cathay Land targets to complete Tranche 3 by next month, with the turnover to qualified investors eyed in January next year.

Development of Tranche 4 is expected to commence soon.

Tranches 3 and 4 have 53 lots ranging in size from 1,400 square meters (sqm) to 4,738 sqm, available for an average selling price of P25 million each.

Expansion is being undertaken amid demand from manufacturing firms in China looking to escape tariffs being imposed by the US.

“With the advent of the US-China trade war, we see a lot of foreign manufacturers, even Chinese manufacturers who have traditionally been exporting from China to the US, they are now uncompetitive. So a lot are trying to get out and we are confident a small chunk of these [investors] would like to locate to the Philippines,” Cathay Land president Jeffrey Ng said.

He said he has met some of the potential locators.

“Some have bought their lots already. Some are still under negotiation but every month there are new interested investors who are willing to locate their factories here in the Philippines,” he said.

CLIP is a good location given its easy access for the delivery of raw materials and logistics for export operations.

“Once CALAX (Cavite-Laguna Expressway] is finished and it’s much more accessible to Batangas City via SLEX (South Luzon Expressway) or CTBEX [Cavite-Tagaytay-Batangas Expressway] too, CLIP will be much more accessible to Batangas City port for their export operations,” Ng said.

CLIP’s strategic location provides easy access to the Port of Manila via Governor’s Drive, Aguinaldo Highway then CAVITEX (Cavite Expressway) and finally, Roxas Boulevard.

“The integration of CLIP into Mallorca City promises a better quality of life to locators and makes it definitely worth the investment,” Ng said.

CATHAY LAND INC.
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