Next real estate boom

Signs point to a strong recovery for the real estate industry this year – and leading developer Cathay Land is poised to capitalize with the recent launch of its biggest project to date.

The continued growth of the middle-income to high income segment, strong buying interest among Filipinos based overseas, the confidence of retirees to invest in second homes and estates, and the easy financing schemes offered by banks all point to boom years for the real estate sector, after the peak years enjoyed in the middle part of the 1990s.

These factors all contributed to the strong uptake of the first community to rise in the exclusive South Forbes Golf City – Cathay Land’s 250-hectare development in the Sta. Rosa residential and industrial hub. After only a few months of soft-selling the Mediterranean-inspired South Forbes Villas, 70 percent of the lots have been taken by investors and homebuyers, Cathay Land president Jeffrey Ng reported.

Thus, bigger, grander South Forbes projects such as the Zen-like Bali Mansions will now be introduced to the market. The company is projecting a strong market reception to the Bali Mansions – which feature spacious lots, wide open windows for grander vistas, and relaxing wooden interiors. Cathay Land is also looking at launching the Asian-modern Shanghai and tranquil Kyoto Mansions in the next few months, once the Bali Mansions are sold out. With these grand launchings and architecturally diverse new project strategies in place, Ng expects investor to remain high for South Forbes.

The main attraction for buyers, however, is the golf playing rights that they acquire with every lot purchase at South Forbes. This will give them the chance to play with their neighbors and test their golfing skills amidst the fairways, sand traps, and water formations that dot the 80-hectare South Forbes Golf and Leisure Club.

"The local real estate market has always shown remarkable interest in exclusive golfing communities, as manifested by the quick sell-out of prime golf subdivisions such as Wack-wack. This time, however, we’re offering investors more than just a golf subdivision, we’re building a whole golf city with various lifestyle, work, and play options for the whole family," Ng emphasized.

For wise investors who want to reap returns in terms of a rewarding golf lifestyle at South Forbes Golf City, you can arrange a property preview of the site’s strong investment potential by simply calling 635-8108 or 636-4647 and visit www.cathay landinc.com