GERI sees robust take up in Alabang township

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Global Estate Resorts, Inc. (GERI) reported a robust take-up of residential lots in its Alabang West Village township, riding on the development of more projects south of Metro Manila.

In a statement issued Thursday, March 8, the leisure arm of Megaworld Corp. said it has sold about 90% of the 788 residential lots valued at around P14 billion. The company noted that prices of property in the township have also risen by half since its launch in 2014.

“We see property values in Alabang West to even double within 5 years as we witness this side of Alabang to be growing rapidly,” Megaworld Global-Estate, Inc. Vice President for sales and marketing Rachelle Peñaflorida said in a statement. — Arra B. Francia