Global-Estate Resorts Inc., a unit of Megaworld Corp., expects to generate P1.4 billion in sales from a newly-launched residential village within its 251-hectare Arden Botanical Estate in Cavite province.
GERI said in a disclosure to the stock exchange the 17-hectare The Lindgren would initially offer 123 prime lots, with options of two-story duplex, two-story single-detached and three-story single detached homes.
Lot sizes range from 159 square meters to 252 square meters, with prices ranging from P10 million to P13 million.
“The Lindgren is a community designed to nurture one’s overall well-being. With the richness of the surroundings, it is an ideal place to grow a family, bond with loved ones, be active, and eventually retire,” said Rowena Espiritu, head of sales and marketing of Megaworld Global-Estate Inc.
“Our concept is to make everyone feel the community vibe. There will be several areas for personal relaxation and socialization where community members can work, play, and grow together,” Espiritu added.
Among the amenities that future residents can enjoy at the Village Clubhouse are multi-purpose hall, fitness center, adult pool, kiddie pool, Jacuzzi, sauna, daycare center, children’s playground, multi-purpose court, outdoor bar and cabana, convenience store and Collab Space.
Forty percent of the entire village will be allocated for green and open spaces, as well as other play amenities, including a mini-botanical garden for the enjoyment of future residents and homeowners. The turnover of house and lots will start in 2025.
The company earlier committed to spend P18 billion to develop the entire Arden Botanical Estate. The whole development is highlighted by an expansive variety of gardens and natural parks around the development.
It will have its own flower farm, flower tunnel, and children’s garden.
The development will also be surrounded by natural rivers and organic gardens, as well as tree-lined roads and avenues, and lotus ponds.
Half of the entire township are allocated for residential developments, while the rest will be for commercial, institutional, recreational and open spaces.