Megaworld’s GERI to turn over P11 billion projects this year

MANILA, Philippines — Global-Estate Resorts Inc. (GERI), a subsidiary of property giant Megaworld Corp., has lined up P11 billion worth of residential and commercial projects in the provinces, with turnover this year amid strong demand for its developments outside Metro Manila.

Slated for turnover are residential units at The Lindgren and commercial lots at Arden Botanical Estate in Trece Martires and Tanza, Cavite; housing units at The Hamptons Terraces and residential lots at The Hamptons Caliraya in Cavinti, Laguna and residential lots at Eastland Heights in Antipolo, Rizal.

Also set for turnover are residential units at Tulip Gardens within Southwoods City in Biñan, Laguna; Twin Lakes Manor and The Belvedere at Twin Lakes in Laurel, Batangas and units at Boracay Newcoast in Malay, Aklan.

GERI president Monica Salomon said there remains a strong demand for residential developments and commercial spaces from the company’s developments in key growth areas outside Metro Manila.

“This highlights the long-term value clients see in our integrated communities, which offer a seamless blend of nature, modern convenience and investment security,” she said.

Salomon said GERI hopes to continue capturing the growing real estate markets in the provinces.

“By leveraging the natural beauty of the locations where we are present, we envision our developments to be the most sought-after addresses for business and lifestyle beyond Metro Manila,” she said.

GERI, a premier developer of integrated tourism and leisure townships, currently has 12 tourism estates and integrated lifestyle communities across the country, covering more than 4,100 hectares.

The company is behind integrated tourism and leisure estates such as Boracay Newcoast in Malay, Aklan and Twin Lakes in Laurel, Batangas.