February 22, 2019 at 07:20 pm
Residential and industrial park developer Cathay Land Inc. is launching the second phase of its first industrial park project in the South.
The new phase, at 20 hectares, expands the Cavite Light Industrial Park or CLIP into 70 hectares. Located along Maguyam Road in Silang, Cavite, CLIP has attracted players in the pharmaceutical, packaging, technology, trucking, glass and aluminum industries, among others.
“The continued growth in the local manufacturing industry entails that new business parks must be developed to help this crucial component of the economy foster in the years ahead,” explained Cathay Land President Jeffrey Ng.
“Our facility addresses this need.” CLIP Phase 2 offers lot sizes starting at 1,600 sq.m. up to about 2,600 sq.m. to locators. With a starting price of about P9,300 per sq.m., CLIP gives locators a strong proposition, as the lot price averages at about P16 million. Meanwhile, the simultaneous launch of Phase 2 of CLIP’s adjacent mid-cost residential subdivision, Mallorca Villas, guarantees the rebranding of the whole industrial-commercial-residential complex into Mallorca City. “The integration of CLIP into Mallorca City promises a better quality of life to locators, and definitely worth the investment. And the prevailing cool weather year-round due to the site’s proximity to Tagaytay City is a big bonus,” Ng added.