MEGAWORLD Corp. has allotted P10 billion to develop a new township in the southern shores of the Manila Bay.
The Maple Grove is Megaworld’s 21st township and is set to be in a 140-hectare property in General Trias, Cavite.
The new project is in line with the goal of expanding Megaworld’s township footprint, Senior Vice President Jericho Go said.
“In the last 27 years, we have built townships that cater to the evolving lifestyles of Filipinos. As we continue to expand our township footprint in key growth areas across the country, innovation and design will be a significant factor in our masterplans,” Go noted.
Maple Grove is 45 minutes away from the Makati Central Business District via Coastal Road and Cavitex. It is located at the entry point of the industrial and residential center of the Cavite-Batangas corridor.
It will feature residential, retail, office, and institutional components.
The P10-billion allocation covers the township development in the next 10 years.
“An integral part of the township’s masterplan will be on sustainability and environmental responsibility. We hope to see our future stakeholders in Maple Grove live, work, and play in a smart and green community,” Go said.
Maple Grove is Megaworld’s fourth integrated township development in the Cavite-Batangas corridor.
The other projects are the Twin Lakes, a 1,300-hectare integrated tourism estate development near Tagaytay, and Southwoods City, a 561-hectare township at the boundaries of Cavite and Laguna. Both townships are under Megaworld subsidiary Global-Estate Resorts Inc. (GERI).
Suntrust Properties Inc., another Megaworld subsidiary, has a development in Tanza, Cavite called Suntrust Ecotown, a 350-hectare mixed-use township with an industrial park.
“The trajectory for growth in that area south of Manila is unprecedented in the last 10 years, and we see a lot more opportunities in the real estate sector in this corridor,” Go said.