Cathay Land is pushing up the launch of phase 2, tranches 3 and 4 of Cavite Light Industrial Park (CLIP) in Silang, Cavite as it sees continued strong demand for industrial estates in the country as a result of the ongoing US-China trade war, “With the advent of the US-China trade war, we see a lot of foreign manufacturers, even Chinese manufacturers who have traditionally been exporting from China to the US, they are now uncompetitive. So a lot are trying to get out and we are confident a small chunk of these (investors) who would like to locate to the Philippines,” said Jeffrey Ng, Cathay Land president.
After he personally met some of the potential locators, Ng announced: “Some have bought their lots already. Some are still under negotiation but every month there are new interested investors who are willing to locate their factories here in the Philippines.”
Phase 2 of CLIP was launched February this year.
Only 53 lots – ranging in size from 1,400- 4,738 sq.m. — are available this time, at an average selling price of P25 million per lot.
As for the price difference between Cathay Land’s residential, commercial and industrial offerings, Ng declared: “Even though our residential subdivisions are selling at almost P30,000 [per sq.m.], for commercial lots at P50,000 to P60,000 [per sq.m.], for industrial lots we’re selling at P9,000 – P10,000 [per sq.m.], so the yield is much lower (for our company) but it’s part of our company’s social responsibility and civic duty to put up industrial estates.”
Cathay Land realized “factories can only afford [to expense] so much for manufacturing unlike residential and commercial activities, they can afford to pay much higher.”
CLIP gives locators easy access for the delivery of raw materials and logistics for their export operations.
“Once CALAX (Cavite-Laguna Expressway] is finished and it’s much more accessible to Batangas City via SLEX (South Luzon Expressway) or CTBEX [Cavite-Tagaytay-Batangas Expressway] too, CLIP will be much more accessible to Batangas City port for their export operations,” Ng said.
The industrial park’s strategic location also gives locators easy access to the Port of Manila via Governor’s drive, Aguinaldo highway then CAVITEX (Cavite Expressway) and finally, Roxas boulevard.
Meanwhile, the housing and shopping needs of expatriates and employees are addressed also since CLIP is part of Cathay Land’s ongoing township development of Mallorca City.
“The integration of CLIP into Mallorca City promises a better quality of life to locators and makes it definitely worth the investment,” Ng said.