GERI unveils new condominium tower at Southwoods City
THE LEISURE estate arm of property developer Megaworld Corp. has reported brisk demand for residential units at low-density and family-oriented residential condominium cluster “Holland Park” in Southwoods City.
In a press statement on Tuesday, Global-Estates Resorts Inc. (GERI) announced it had sold out its first three towers at Holland Park barely nine months after rollout. As such, the group is launching the fourth tower this month.
“Holland Park has been selling fast because clients and investors have seen the huge potential of Southwoods City as the south’s next central business district that is so close to Manila. On top of this, they have seen the growing community surrounded by its own golf course, which is distinct to Southwoods City,” said Rachelle Peñaflorida, vice president for sales and marketing at Megaworld Global-Estate Inc.
The new 12-storey Holland Park Tower 4 offers studio, one-, two- and three-bedroom units with options to combine them. The unit sizes range from 23 to 106 square meters. The four towers have a total inventory of 622 residential units.
“We started selling Holland Park at P90,000 in January. Now, it is selling at P105,000 per square meter. This means, the property appreciated by almost 17-percent in just nine months,” Penaflorida said.
The European-inspired Holland Park is composed of multiple low-rise buildings clustered by vibrant pastel colors. Amenities include adult and kiddie pools, a submerged pool lounge; a pool deck, a cabana, a pavilion and a canopy; a game room, children’s play area and day care center; and a fitness gym.
Southwoods City is a 561-hectare township community surrounded by a golf course in the boundaries of Carmona, Cavite and Binan, Laguna. Megaworld’s GERI has allocated P10-billion to develop the township for 10 years.
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