Golf City off to a good start

Cathay Land’s grand vision for a new satellite city south of Metro Manila is off to a great start and has attracted a lot of buyers, a company official stressed during a press briefing.

As of January, investors and homebuyers were quite impressed with the ambitious development such that 70 percent of the Villas, South Forbes Golf City’s first community in Sta. Rosa-Tagaytay growth area, is now sold, according to Jeffrey Ng, president of Cathay Land, Inc. This translates to a strong P500 million in revenue in just a few month’s time of soft selling.

With the company’s strong recruitment efforts and continued interest in the market not just among local executives but also foreigners and Filipinos working abroad, Ng is expecting the South Forbes Villas – which features houses, a clubhouse and pocket parks aligned to the romantic Mediterranean theme – to be out soon. Thus, Cathay Land is launching the Bali Mansions community.

Ng pointed out that unlike other developments that go by phases and rely heavily on one architectural theme, South Forbes Golf City is unique since this satellite city will not be sold by launching new phases but by introducing new communities that anchor on a better, exciting theme. As such, after the Bali Mansions, the Shanghai and Kyoto Mansions will then be developed. Other projects that imbue the best themes of contemporary world architecture will then follow within the 250-hectare development.

"Our masterplan, as designed by Palafox Associates, incorporates this exciting development strategy. With our introduction of each new themed community with their very own inclusive amenities, investors and home buyers can expect property values to always increase and for market demand for South Forbes to be sustained in the long run," he added.

To learn more about the all-encompassing golf lifestyle that South Forbes Golf City will soon provide residents and investors, please call (02) 635-8108 or (02) 636-4647 and visit www.cathaylandinc.com.