Cathay Land to invest additional P2B in golf resort

Cathay Land Inc. will invest an additional P2 billion in its upscale 500-hectare golf resort city located in Sta. Rosa Laguna.

"To our pleasant surprise, the market is now clamoring for much bigger lots and even plusher houses. Thus, bigger, grander subdivision projects such as the art-deco Miami and tropical Nirwana Bali will now be introduced to the market," Cathay Land president Jeffrey Ng said.

According to Ng, the company is projecting a strong market reception to the Asian modern themed Sentosa Heights which feature spacious houses on lots of more 1,000 sq. m. all overlooking the fairways of the South Forbes Golf Club.

"We’re building a perfectly located whole golf city with various educational, lifestyle, work, and play options for the whole family," Ng said.

Also in the works, Ng disclosed are two condominium clusters fronting the golf course — the Golf View Terraces and the Greenview Towers. "With these grand launchings and architecturally diverse new projects in place, we expect another banner year this year," Ng said.

Ng said they are offering free membership to all investors and buyers at the 50-hectare South Forbes Golf and Leisure Club. All 18 holes of the golf course will be completed before the end of the year. The first nine holes will be open by May.

Ng said the great demand is because of the continued growth of the upper middle-income to high income segment, strong buying interest among Filipinos based overseas, the confidence of retirees to invest in second homes and estates, and the easy financing schemes offered by banks.

"For the first time ever, banks are now offering end-users low interest rates fixed for up to 30 years. There has never been a better time to buy your own home and invest in real estate," Ng said.