GLOBAL-ESTATE Resorts, Inc. (GERI) is expecting to generate P900 million from its fourth residential condominium within the 1,200-hectare Twin Lakes in Laurel, Batangas.
In a statement on Thursday, the leisure and tourism property unit of Megaworld Corp. said that the 8-storey Twin Lakes Countrywoods will feature 129 units.
Units at the resort-inspired tower will have their own balconies that feature views of Taal Lake and Volcano, and Tagaytay.
Twin Lakes Countrywoods offers studio units (around 32 square meters), executive studio (around 37.5 sq.m.), and one-bedroom units (58.5 sq.m.). The tower is set to be completed in 2024.
“Twin Lakes Countrywoods will stand on a hill ridge of Twin Lakes that offers a breathtaking panorama of Tagaytay’s natural green landscape overlooking the world-renowned Taal Lake and Volcano,” Glenn Heraldo, head of sales and marketing of Megaworld Global-Estate, Inc., said in a statement.
Amenities will include a swimming pool, kiddie pool, a pool bar with a viewing deck, cabanas with grilling area, basketball court, kid’s club and kiddie room, outdoor playground, semi-indoor sports area, fitness center, lobby lounge, game room, and function rooms.
GERI has three other residential developments within Twin Lakes, namely The Vineyard Residences, Twin Lakes Manor, and The Belvedere. Each project has three towers.
GERI said it has sold around a thousand units worth around P6 billion from these Twin Lakes projects.
Late last year, the company opened Twin Lakes Hotel, its first hotel within the tourism estate development.
GERI saw a 14% rise in net income to P1.29 billion in the first nine months of 2018.
Shares in GERI went up by 2.38% or P0.030 to close at P1.29 apiece at the stock exchange on Thursday. — Vincent Mariel P. Galang