THE SY family-led leisure estate developer, Highlands Prime Inc., is investing about P2 billion this year in two upscale mid-rise condominium projects in Tagaytay?a Colorado-inspired mountainside community and a modern residential complex with green architecture.
HPI president Henry Sy Jr. told reporters after the company?s annual stockholders meeting yesterday that these residential units for the AB market could be made the buyers? primary homes than merely a weekend destination.
The first project is the second and final phase of The Woodridge Place, consisting of the 12-storey Linden and Mahogany buildings. Each tower will offer 44 residential units, a 146-square meter three-bedroom unit or a 188-sq.m. four-bedroom unit.
Unit prices will range from P14.5 million to P20 million. Target buyers are high networth people with monthly income of around P500,000, who are already established in their professional career or businesses.
The community is inspired by the mountain resorts of Colorado in the United States and will sit literally on the highest point of the Highlands complex at 2,000 feet above sea level.
Efficiency is achieved with the use of large windows, allowing for clear and pleasant vistas while saving energy. Each unit offers a stunning 360-degree view.
The second project is a leisure community, called ?The Glass Terraces.? This targets the younger ?upwardly mobile? income segment.
The project will consist of five 10-storey buildings with 100 units each between P6 and P8 million.
The units have a floor area ranging from 56 square meters (for the two-bedroom) and 121 sq.m. for the three-bedroom units.
Sy said the buildings would be angled to provide utmost privacy for occupants.
As its name suggests, the condominium design utilized glass extensively, through large windows and doors in each of the 500 units to maximize natural sunlight and wind, resulting in significant energy cost savings.
The construction of rainwater collectors also allows rain to be harvested, recycled and used for irrigating the surrounding greenery. Through this, the project seeks to minimize the impact of residential development to the natural environment.