Property developer Megaworld Corp. is pouring in P12 billion to develop a 25-hectare property in Lipa City, Batangas into its 33rd township in the country.
Megaworld said in a statement over the weekend it teamed up with The Farm at San Benito to develop San Benito Private Estate—a low-density wellness community offering residential village lots, low-rise residential condominiums, international brand hotel, sports and leisure hub, active adult center, community gardens and commercial shops.
“We are happy for this opportunity to develop a game-changing community anchored on holistic wellness. This forms part of our goal at Alliance Global Group Inc. [AGI] to help further boost the country’s tourism industry by partnering with The Farm, a renowned institution that plays a huge role in introducing the country to the world in terms of medical wellness tourism,” said Kevin Tan, president and chief executive of AGI, the parent company of Megaworld.
Located 20 minutes from the Lipa City proper, San Benito Private Estate offers a view of the Malarayat mountains and is surrounded by forests and natural waterways.
Megaworld said roughly 50 percent of the entire wellness township would be devoted to green and open spaces, including natural parks and reserves and terrains.
San Benito Private Estate will be directly connected to The Farm at San Benito. Future residents and visitors will have access to the facilities and amenities being offered by the wellness resort.
“Part of our company’s direction is to be able to build sustainable communities that integrate holistic health and wellness, as well as longevity to everyone who will live there, stay there, or visit there. This is where our business philosophy aligns seamlessly with that of The Farm,” said Lourdes Gutierrez-Alfonso, president of Megaworld.
The Farm at San Benito is an eco-luxury, holistic medical wellness resort that offer natural and holistic, medically-supervised health program.
“This is a shared vision of connecting a very high quality, top-of-the-line real estate business to The Farm. The combination of The Farm and Megaworld can open many new opportunities,” said Dr. Binod Chaudhary, chairman of the Chaudhary Group, one of the owners of The Farm at San Benito.
