Listed property developer Century Properties Group Inc. (CPG) has already presold P1.7 billion worth of residential units of its Batangas mixed-use tourism development.
CPG managing director Robbie Antonio told reporters the Batulao Artscapes project in Nasugbu, Batangas was well-received by the market as it has already sold a chunk of its units before its official launch.
“We’re above what we expected,” Antonio said.
CPG held an exclusive launch of the first phase of the 142-hectare mixed tourism property in Batangas, which covers around 54 hectares of the entire property, last Saturday.
The Batulao Artscapes, the company’s first foray in the tourism and leisure market, offers an active retirement village component featuring designer homes from Revolution Precrafted, world -class village-exclusive vacation amenities, a man -made beach with club-house, and a lake with a charming wedding chapel.
Art cum adventure or ‘artven-ture’ facilities include a sports park, flavor park, and art park with museums designed by Pritzker Prizewinning archi-tects, according to CPG.
The project dubbed as the world’s first livable art park, will showcase a fine collection of ‘livable art’ exceptional designer homes. Total sales value of the first phase amounts to P19 billion.
Antonio said with the Batulao Artcapes only covering about a third of the 142- hectare Batan-gas property, the entire mas-terplanned project is estimated to rake in a total sales value of over P55 billion.
Meanwhile, with the project targeting the foreign retirees market, Antonio said residential units of the project operate like a condominium, as it offers shared amenities, but in a horizontal manner, unlike high rise condominiums with vertical shared amenities.
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