REAL-ESTATE developer Cathay Land Inc. is targeting to earn P12 billion in sales from its residential condominium project in Las Piñas.
Cathay Land is banking on its Anantara Square brand to bring in P12 billion in revenue, as it is strategically located between two malls in Las Piñas. The location also puts future residents within reach of Alabang, Muntinlupa, considered the central business district of southern Metro Manila.
The first tower, a 20-story mixed-use building, will feature 700 units, composed mostly of studio units and one-bedroom suites.
The project is targeted to attract young professionals and starting families given its primary offer of 24-square-meter studio units priced at P2.6 million and one-bedroom units at P3.1 million.
Families that require bigger spaces can combine adjacent units at the two penthouse floors.
Cathay Land said three more towers are expected to rise in the next few years to complete the project.
Residents of Anantara Square will enjoy an aquatrium at the building’s center with a lap and kiddie pool, as well as pocket grands, a courtyard, a social hall and a study lounge. Further, the condominium has a mini mall at the ground level up to the third floor to provide tenants with a mix of retail and service shops.
“Given our project’s strategic location in the dynamic south of the Metro, our highly attractive launch and easy payment scheme make Anantara Square an ideal investment,” Cathay Land President Jeffrey Ng.
Citing a study by property research firm Knight Frank, Ng expressed confidence Anantara Square will prosper, as it is situated in Alabang. The area is tagged as the next hot spot in the property industry of Metro Manila.
The study identified the Skyway Stage 3 in particular as one such development that will further boost the appeal of Alabang as a residential and commercial hub. The elevated highway will connect the north and south sides of the capital through the North Luzon Expressway and the South Luzon Expressway.
“We advise investors and aspiring homebuyers to position themselves now, as property values are expected to appreciate once this landmark project is completed,” Ng said.
Construction of Anantara Square is penciled to break ground in April. Turnover will commence in 2023.