Belle Corp.’s premier mountain resort development, Tagaytay Highlands posted modest gains in 2019.
Belle said the leisure destination generated earnings before interest, taxes, depreciation and amortization of P364 million in 2019, up 21 percent from P301 million in 2018.
Belle said this performance reflected its higher-margin products comprising of new developments, improvements in facilities and amenities, as well as expansions of its existing portfolio.
The Grove at Plantation Hills became the latest addition to Belle’s upscale farming community within Tagaytay Highlands.
The 22-hectare development promotes a healthy and holistic lifestyle suited to the discriminating tastes of its prospective homeowners.
With lot selling and land development commencing in the second half of 2019, this leisure residential and eco-farming concept-in-one will feature orchard and garden lots ideal for growing fruit trees, herbs, and vegetables in one’s backyard.
At Sycamore Heights located at the heart of Tagaytay Midlands, turnover of lots to owners and availability of prime lots continued to build property sales. Amenities such as Central Park Pavilion, Infinity Pool, Lounge Garden, Bird Watch Park and Rock Garden at this Asian-themed community have been completed for the exclusive use of homeowners.
Yume, Tagaytay Highlands’ Japanese-themed community, maintained its investment viability as expansion lot purchases continued to increase. Nob Hill’s residential lots have likewise contributed to overall property revenue throughout the year.
Tagaytay Highlands which celebrated 25th anniversary in 2019 started as an exclusive members-only club facility and has evolved into a township featuring themed residential projects set against nature’s best backdrop.
In line with its modernization program, Tagaytay Highlands in 2019 reopened its newly reconditioned Swiss-engineered cable cars and funicular train transport system, which remain unique to the township to this day.
Also last year, Tagaytay Highlands saw the renovations at its recreational facilities and food and beverage outlets.