Thursday, May 26, 2016

Megaworld to invest P10-B in Cavite township Maple Grove

Property conglomerate Megaworld Corp. recently announced a new township project set to rise in General Trias, Cavite.

Named Maple Grove, the forthcoming township spans 140 hectares that the developer is investing P10 billion into over the next 10 years. 

The estate is set to be divided into retail, residential, office, and institutional components with a masterplan focused on "sustainability and environmental responsibility," according to Megaworld senior vice president Jericho Go. Go hopes to see "future stakeholders in Maple Grove live, work and play in a smart and green community."

Go stated that, "In the last 27 years, we have built townships that cater to the evolving lifestyles of Filipinos. As we continue to expand our township footprint in key growth areas across the country, innovation and design will be a significant factor in our masterplans."

Maple Grove is the developer's 21st township to date and its fourth in the Cavite-to-Batangas growth corridor, where it has 2,000 hectares of land.

Located along Daang Hari, the estate is reportedly a 45-minute drive from Makati via Coastal Road and Cavitex, said a press release issued by the developer.

Megaworld is constructing three other estates in the same area. Measuring 1,300 hectares, Twin Lakes is an integrated tourism estate near Tagaytay. Southwoods City, with 561 hectares, is an upcoming township with its own golf course located on the boundary between Cavite and Laguna. At 350 hectares, Suntrust Ecotown is another mixed use township; it has its own industrial park and it is set to rise Tanza, Cavite.

According to Go, "The trajectory for growth in [this] area south of Manila is unprecedented in the last 10 years, and we see a lot more opportunities in the real estate sector in this corridor."



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