Cathay Land allots P1B for 2 condos in Calabarzon
Businessman Jeffrey Ng’s Cathay Land is spending P1 billion to develop two residential towers within its 500-hectare township in the Cavite-Laguna area.
Located within the South Forbes Golf City, Stanford Suites 3 will cater to families, retirees and investors while Fullerton Suites is geared towards educators and businessmen.
“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,” Ng told reporters.
Fullerton Suites is situated near the upcoming Chiang Kai Shek College near the Sta.Rosa-Tagaytay main road which is targeted to open by 2020.
Studio units are priced at only P1.5 million each with a monthly amortization of around P23,000 for the first year.
“Given that our completed condominium projects have significantly appreciated in value over the past few years and arr enjoy high lease rates among expatriates and the education community, both projects will surely get a warm reception from the market,” Ng said. (PNA)