Property giant allocates P10-B to develop 140-hectare ‘Maple Grove’ in General Trias, Cavite
MANILA, Philippines, May 17, 2016 – Megaworld, the country’s largest developer of integrated urban townships, is developing its 21st township in a 140-hectare property in General Trias, Cavite.
To be called Maple Grove, the vast property will be developed into another world-class mixed-use development, where relaxation and nature perfectly blend with the urban lifestyle.
Just 45 minutes away from Makati and other Metro Manila CBDs via Coastal Road and Cavitex, Maple Grove is at the entry point of the booming industrial and residential center of the Cavite-Batangas corridor.
“In the last 27 years, we have built townships that cater to the evolving lifestyles of Filipinos. As we continue to expand our township footprint in key growth areas across the country, innovation and design will be a significant factor in our masterplans,” reveals Jericho Go, senior vice president, Megaworld.
The company is allocating P10-billion in the next 10 years to develop Maple Grove.
The township will have an eclectic mix of residential, retail, office and institutional components.
“An integral part of the township’s masterplan will be on sustainability and environmental responsibility. We hope to see our future stakeholders in Maple Grove live, work and play in a smart and green community,” explains Go.
This is Megaworld’s fourth integrated urban township development in the booming Cavite-Batangas growth area. The company has over 2,000 hectares of land in this corridor alone.
Through its subsidiary Global-Estate Resorts, Inc. (GERI), Megaworld is also developing Twin Lakes, a 1,300-hectare integrated tourism estate development near Tagaytay; and Southwoods City, a 561-hectare township that is surrounded by its own golf course in the boundaries of Cavite and Laguna.
Another development, the 350-hectare Suntrust Ecotown of Megaworld’s wholly-owned subsidiary, Suntrust Properties, Inc., is rising as a mixed-use township with its own industrial park in Tanza, Cavite.
“The trajectory for growth in that area south of Manila is unprecedented in the last 10 years, and we see a lot more opportunities in the real estate sector in this corridor,” explains Go.