Century Properties Group, Inc. is spending an initial R200 million for the first phase of its plan to develop its 142-hectare property in Batulao, Batangas into a fully-integrated leisure, recreational, retail and residential destination in Southern Luzon.
In a disclosure to the Philippine Stock Exchange, CPG said the property is situated in a cool and hilly section of Batulao, located southwest of Metro Manila right after Tagaytay City and on the way to the beaches of Nasugbu, Batangas.
Century Properties said the development will bring the best of both nature and city conveniences, promote a pedestrian culture through bicycle and walking paths, and cultivate an eco-conscious, sustainable, suburban way of life.
“Our Batulao project will become a new destination that will give you reasons to stay for a meal, a weekend, or permanently as a resident,” said of Century Properties Chief Operating Officer for Hospitality and Project Head of the Batulao development Tim Hallett.
He added that “the boundaries of Mega Manila are now expanding to include transformative suburban communities that promote a progressive way of life in harmony with nature. This development will further expand our offering to the market and will give immense value to our shareholders”.
As it has successfully done in the past, Century Properties will bring its brand of innovations to the Batulao project, but will be careful to build around its natural terrain to maintain its lush surroundings.
The development will be completed in phases with Phase 1 to cover 36 hectares and will require a capital expenditure of P200 million.
This phase of the project will include an open-to-the-public section that covers a retail village, a market square and a commercial center with shop houses, or structures with merchandise on the ground level and residential spaces on the upper floors.
The exclusive areas within the property include a premiere country club with crystal lagoons, a man-made beach cove and a lake that traverses the entire private residential section of the property.
The club will make available for its members the use of its indoor and outdoor facilities, including a spa, a specialty restaurant, a chapel, banquet hall and pavilion, swimming pools, sports courts and water sports amenities.
Source: Manila Bulletin | December 16, 2014