Cathay Land to build IT park

MANILA, Philippines - Upscale property developer, Cathay Land, Inc., recently announced its plans to develop an Information Technology park in its flagship project, South Forbes Golf City, located along the Metro Sta. Rosa – Silang – Tagaytay growth corridor, the center of light manufacturing industries, Business Process Outsourcing (BPO) firms and a burgeoning residential and commercial city.

The P2.5 billion project covers 28 hectares within South Forbes’ Business Cluster, called the Cyberpark, expected to primarily attract Information Technology locators that are engaged in, but not limited to, software development and application, IT-enabled services, content development for multi-media or internet purposes, knowledge-based and computer-enabled support services, business process outsourcing, and IT research and development.

“The Cyberpark is essential to the whole South Forbes development, being an integral part of our 5 Clusters of Excellence where the Residential Cluster works in synergy with the Education Cluster, Wellness Cluster, Leisure Cluster, and the Business Cluster where the Cyberpark is located,” said Cathay Land president Jeffrey Ng. “It has been registered under the Philippine Economic Zone Authority (PEZA) so that all our locator investors are entitled to special incentives, to include an income tax holiday between four to six years among others.”

The creation of the South Forbes Cyberpark aims to accelerate a sound and balanced social, economic and industrial development within the Municipality of Silang, Cavite and its neighboring municipalities and localities as well as uphold the potential profitability of the region.

Last July 27, 2009, South Forbes Golf City, together with Global City Innovative College (GCIC), officially started phase one of their 10-year plan to develop South Forbes City Colleges (SFCC).

 “The continuous growth of the industries in the region, including the locators in our very own Cyberpark, will rely on the presence of more institutions of higher learning to provide the resources of a knowledge-based economy,” said Ng.

SFCC will have modern facilities and equipped with fiber optic connectivity to insure that the future potential applicants and enrollees will be educated and trained on an international standard.

Move in right here, right now. Call 635-7777 or 631-8855 for a free city tour or log on to www.southforbes.com for more information.