Listed Roxas and Company Inc. said Thursday subsidiary Roxaco Land Corp. will launch land development projects in the Tagaytay to Nasugbu corridor, buoyed by strong demand and accelerating property prices.
RCI said in a disclosure to the stock exchange the move is a part of RLC’s aggressive expansion in its real estate and hospitality units this year.
RLC is banking on the identification of Nasugbu in Batangas by large infrastructure groups as a prime destination and access point into western Batangas from Metro Manila, attracting locators and home buyers.
It said the planned extension of the CTBEX toll road and the emergence of the CBEX alternative route would reduce travel time from Metro Manila to Nasugbu to just over an hour.
RLC resumed land development and construction of sold units in its low-cost and mid-market open lot-and-housing projects in Nasugbu. These were stalled during the pandemic but are back on track.
RLC plans to launch the Anya Villa Project, a low-density offer that targets the higher-end segment of the property market in Tagaytay.
RLC said the success of its Anya Resort Tagaytay gave rise to a strong brand for boutique residential resort developments that could be replicated throughout the country’s many prime tourist destinations.