February 25, 2020 | 12:05 am [ bworldonline.com ]
Cathay Land said Cavite Light Industrial Park’s Phase 3a is now sold out, with Phase 3b now being offered to locators in Silang, Cavite. -- COMPANY HANDOUT
CATHAY LAND is confident its industrial park in Silang, Cavite will continue attracting companies who want to take advantage of its strategic location.
Jeffrey Ng, president of Cathay Land, said he is bullish on the Cavite Light Industrial Park (CLIP), based on the strong demand and positive reviews from its clients. This is why the company is continuing to develop and expand CLIP.
“The consensus among property experts is that the CALABA (Cavite-Laguna-Batangas) corridor will continue to attract new and expanding manufacturing tenants, and this was validated by the recent report of Colliers International. The strong interest that Cavite Light Industrial Park is getting from investors is really pushing us to roll out more lots to meet the rising demand,” Mr. Ng said in a statement.
Cathay Land has seen strong take-up of two tranches of CLIP Phase 2, prompting the company to add nine more lots which were also sold out in six months.
The developer now added 15 more lots to the inventory, which can be used for industrial purposes or mixed-use industrial commercial estates.
The lots are selling at an average of P8,500 per sq.m., with sizes ranging from 2,000 to 4,000 sq.m.
Mr. Ng noted CLIP is strategically located for manufacturing firms, especially with existing and on-going expressway projects that provide easy access to Batangas City Port and Port of Manila.
Infrastructure projects such as the Cavite-Laguna Expressway (CALAX) and Cavite-Tagaytay-Batangas Expressway (CTBEX) are expected to boost interconnectivity within the Cavite and Laguna area, as well as Metro Manila.
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