Rеal еstatе developer Century Properties Group Inc. said Tuesday it will start transforming a 142-hectare property in Batulao, Batangas into a fully-integrated leisure, recreational, retail and residential destination.

Century Properties said in a disclosure to the stock exchange it would initially spend P200 million to develop phase one of the project, covering 36 hectares. The property is situated on 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.

Phase 1 will include an open-to-the-public section that would include a retail village, a market square and a commercial center with shops at the ground level and residential spaces on the upper floors.

The exclusive areas within the property will 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 indoor and outdoor facilities, including a spa, a specialty restaurant, a chapel, banquet hall and pavilion, swimming pools, sports courts and water sports amenities.

Meanwhile, the private residences in the Batulao property will consist of low-rise condominiums and premiere villas. These will cater to second-home seekers and those who prefer to settle in a suburban setting with modern sensibilities.

Century Properties said it would maximize the natural beauty of the Batulao property by embracing the concept of ‘new urbanism’ into the project’s design and community lifestyle.

“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. The boundaries of Mega Manila are now expanding to include transformative suburban communities that promote a progressive way of life in harmony with nature,” said Tim Hallett, chief operating officer of Century Properties for hospitality and project head of the Batulao development.

“This development will further expand our offering to the market and will give immense value to our shareholders,” he said.

The project is part of the company’s strategic expansion in key growth regions outside Metro Manila, as well as its move to diversify its portfolio.

Century Properties early this year launched the eight-hectare Azure North community in San Fernando, Pampanga, its first integrated mixed-use development outside Metro Manila with residential towers, retail and a planned office complex.

Source: Manila Standard Today | December 16, 2014