CATHAY Land has invested P1 billion in two new residential condominium projects in Silang, Cavite, in another show of booming real-estate development in Southern Luzon.
Cathay Land President Jeffrey T. Ng said Southern Luzon is on the uptrend in industrial and residential activities. This development compelled the firm to invest P1 billion on two low-rise condominiums in South Forbes Golf City in Silang.
“Industrial and residential activities are on the uptrend in the south, particularly in the Metro Santa Rosa-Silang-Tagaytay area. This makes it an opportune time to launch two of our new low-rise condominium projects for end-user communities,” Ng said in a news release.
Both Stanford Suites 3 and Fullerton Suites are located within the 500-hectare South Forbes Golf City. This is the firm’s largest township investment to date.
Stanford Suites 3 is intended for young families and retirees given its location near Westborough Town Center. This soon-to-rise commercial area will house Marketplace by Rustan’s and Coffee Bean and Tea Leaf as anchor tenants to serve the needs of this continuously growing residential and business community.
Fullerton Suites is targeting to attract young families and educators since it is near the upcoming Chiang Kai Shek College, scheduled to open in 2020 near the Santa Rosa-Tagaytay road.
The strategic location of Fullerton Suites provides businessmen easy access to the Silang East interchange of the Cavite-Laguna Expressway, which is under construction. With this road’s future connection to the Cavite-Tagaytay-Batangas Expressway, business and leisure spots in Southern Luzon are expected to be a short drive away.
Studio and one-bedroom units are available in both suites. Meanwhile, those who require bigger spaces have an option to combine adjacent units at the upper floors.
“Our introductory price starting at only P1.5 million for a studio unit, with a monthly amortization of about P23,000 for the first year, make both Stanford Suites 3 and Fullerton Suites an ideal investment,” Ng said.
“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,” he added.