Cathay Land to start four-tower condominium project
Real estate developer Cathay Land Inc. is expecting P12 billion in sales revenue from the four towers of the residential condominium it is building in Las Piñas.
Company president Jeffrey Ng said Cathay Land was expected to hit this target within the next five years.
Called Anantara Square, the project is located along Alabang-Zapote Road in Las Piñas City, between SM South Mall and Robinsons Place Las Piñas.
The first tower, a 20-story mixed-use building, will feature about 700 units, comprised mainly of studio units and 1-bedroom suites. Three more towers are planned in the next few years to complete the entire development.
Construction of the Anantara Square is expected to start this month, with turnover to commence in 2023.
The project aims to cater to young professionals and starting families, given that it offers mainly 24-square-meter studio units starting at P2.6 million and one-bedroom units at starting price of P3.1 million.
Families that require bigger spaces can combine adjacent units at the two penthouse floors.
“Given our project’s strategic location in the dynamic south of the metro, our highly attractive launch price and easy payment scheme make Anantara Square an ideal investment,” Ng said.
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