GERI sees P1b in sales from new project in Cavite

Global-Estate Resorts Inc., a subsidiary of Megaworld Corp., expects to generate P1 billion in revenues from a newly-launched project inside the 561-hectare Southwoods City at the boundaries of Biñan, Laguna, and Carmona, Cavite.

GERI said in a disclosure to the stock exchange the project called Upland Villas would offer rows of two-story townhouse and duplex villas in modern and tropical architecture within the 26-hectare Pahara residential village.

“Set within the exclusive enclave on the hills of Southwoods City, Upland Villas is a unique residential offering where one can relax and enjoy the beauty of its natural surroundings,” said Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Global-Estate Inc.

“More importantly, since we have easily sold out the lots of Pahara, this is an opportunity to own a property within this sought-after village inside Southwoods City,” she added.

In Upland Villas, each unit has its own living and dining areas, kitchen, maid’s room, common bathroom, a lanai at the ground floor, and bedrooms and bathrooms at the second floor. Each unit also comes with a two-slot carport.

GERI said future residents of Upland Villas will also be able to use the Pahara Clubhouse and amenities, which include a swimming pool, fitness center, jogging paths, children’s playground, multi-purpose function area, yoga and

reflexology garden, meditation and aromatic gardens as well as landscaped open spaces.

Only 65 units will be offered in Upland Villas, which is expected to be completed in 2024.

GERI    to date has launched three residential developments inside Southwoods City, with a total of 2,237 units and lots.

The company also introduced two office towers in the townships, offering 46,000 square meters of office spaces under Megaworld Premier Offices.

Aside from Southwood City, GERI currently has six other integrated tourism developments around the country. They are Boracay Newcoast, Alabang West in Las Piñas City,  Twin Lakes in Batangas, Sta. Barbara Heights in Iloilo, Eastland Heights in Antipolo, Rizal and Hamptons Caliraya in Laguna.

Topics: Global-Estate Resorts Inc. , GERI , Megaworld Corp. , Southwoods City , Upland Villas
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