Cathay Land expands industrial park portfolio
After almost two decades, leading residential and industrial park developer Cathay Land Inc. is launching the second phase of its first industrial park project in the south.
“The prevailing business environment and the continued growth in the local manufacturing industry entail that new business parks must be developed to help this crucial component of the economy foster in the years ahead. Our Cavite Light Industrial Park certainly addresses this need,” said Cathay Land president Jeffrey Ng.
The new phase, at 20 hectares, expands Cavite Light Industrial Park or CLIP into 70 hectares. Strategically located along Maguyam Road in Silang, Cavite, CLIP has attracted players in the pharmaceutical, packaging, technology, trucking, glass and aluminum industries, among others.
The site gives industrial locators easy and quick access to the upcoming Cavite-Laguna Expressway (CALAX) and CaviteTagaytay-Batangas Expressway (CTBEX) and the current road networks of South Luzon Expressway (SLEX) via Carmona Exit, Cavite Expressway (Cavitex) and Aguinaldo Highway.
CLIP Phase 2 offers lot sizes starting at 1,600 sqm up to about 2,600 sqm to locators. Only 28 lots are available across the 20-hectare portion, so corporate locators will reap the benefits of the project’s wide internal road network, tight security, ample water supply, abundant electricity and telecommunications facilities.
With a starting price of about P9,300 per sqm, CLIP gives locators a strong proposition, as the lot price averages at about P16 million only.
Meanwhile, the simultaneous launch of Phase 2 of CLIP’s adjacent mid-cost residential subdivision, Mallorca Villas, entails the rebranding of the whole industrial-commercialresidential complex into Mallorca City.
“The commercial and residential components of Mallorca City certainly give an impetus for companies to locate in CLIP since it will also address their executives’ and employees’ housing requirements. Overall, the integration of CLIP into Mallorca City promises a better quality of life to locators and definitely worth the investment. And of course, the prevailing cool weather year-round due to the site’s proximity to Tagaytay City is a big bonus for business,” Ng added.