CATHAY LAND Inc. is betting big on Silang, Cavite, as it continues to launch new projects to take advantage of the area’s growth potential.
The property developer this year opened the 20-hectare Acienda Designer Outlet, and plans to expand its existing projects Mallorca City and Cavite Light Industrial Park.
Cathay Land began investing in Silang 15 years ago when it began developing the 500-hectare masterplanned community, South Forbes Golf City.
Cathay Land President Jeffrey Ng said South Forbes now has boutique communities, commercial buildings, an award-winning 18-hole golf course, as well as Microtel and Destination hotels.
This year, the company launched two low-rise residential condominium projects in South Forbes Golf City, namely Stanford Suites 3 and Fullerton Suites.
There are plans to launch Mallorca Villas Phase 2 and the second phase of CLIP, which will add 60 hectares, soon.
Mr. Ng also said the company partnered with Ayala’s Alveo Land to develop a 50-hectare area in Barangay Hukay into a commercial and residential project called Hillside Ridge.
For the newly opened Acienda Designer Outlet, Mr. Ng expressed confidence the country’s first “true international outlet mall” will draw more tourists to Silang.
“We would like to see tourists coming not only to Tagaytay, but also to Silang as well. With the expected completion of the interchange of the Cavite-Tagaytay-Batangas Expressway (CTBEx), whose exit will be right beside this outlet in three years’ time, we have no doubt that this area of Silang will continue to progress and boom in the years ahead,” he said.
Freeport Retail Co-founder and Director Chris Milliken, whose company partnered with Cathay Land for Acienda Designer Outlet, said the outlet mall will create jobs in the area.
“I have been doing this for 25 years, and I have seen what it can do to a locality. This will really boom and create about 800 jobs. Because ADO presents what a proper outlet store is all about, with great planning, proposition, consumer experience, the future is bright for this business and for the community,” Mr. Milliken said.