Cavite is well-positioned to absorb the expected spike in demand for logistics, industrial and suburban residential spaces in the new coronavirus disease 2019 (COVID-19) era brought about by the shift in preference for safe and accessible integrated communities, according to Jeffrey Ng, president of Cathay Land Inc. which developed the Cavite Light Industrial Park (CLIP) in Silang.
Ng said the industrial component of CLIP which continues to expand is ready to take in new locators that will set up modern, safe and highly competitive manufacturing, logistics, warehousing, cold-storage and commissary operations.
Ng said CLIP’s residential component, the Mallorca Villas, is primed for professionals, businessmen, expats and executives.
CLIP and Mallorca Villas make up the Mallorca City township which is ideal for commercial and institutional locators such as retail, schools, clinics and support services.
Ng said CLIP’s location in the Cavite-Laguna-Batangas high-growth corridor makes it an ideal site for logistics and industrial investors, especially with the massive infrastructure buildup happening in the area.
Mallorca City also offers the commercial strip and is also near other industrial parks in the area, including Mountview, Mountview 2, Greenway Business Park, Sterling and Daiichi, which do not have their own commercial hubs.
Cathay Land is now offering commercial lots with an average cut of 300 square meters (sq. m.) inside the Mallorca City. On the Mallorca Villas side, commercial lots are also being offered. Lot buyers can build structures up to 15 meters high, or about five stories per building.
With the high takeup of the recent two tranches of CLIP Phase 2, nine additional lots were added to meet the demand. The lots were sold out in six months.
Fifteen more lots were added to the company’s inventory.
The lots are selling at an average of P9,000 per square meter with lot cuts ranging from 2,500 to 5,200 sq.m.