Megaworld eyes P1.3-billion sales from luxury village in Cavite

Global-Estate Resorts Inc. (GERI), the subsidiary of Andrew Tan’s Megaworld Corp., on Monday said it will offer P1.3-billion worth of lots in its luxury residential village set to be launched in Trece Martires, Cavite.

In a disclosure to the local bourse, GERI said the Prana Garden Villas will be housed inside the 340-hectare integrated lifestyle community Sherwood Hills.

The turnover of lots is set to start in 2026, with the first phase of the project set to cover 178 lots ranging from 240 square meters to 513 square meters.

“Through this development, we intend to create a sanctuary of wellness that allows future residents to nurture unique, holistic lifestyles while living harmoniously with nature,” GERI first vice president Rachelle Peñaflorida said.

It is set to have several pools, cabanas, a meditation area, a yoga and exercise deck, dry river walk, a sunken outdoor seating area, covered walkways, a fitness center, a visitor’s lounge, collaboration space, a daycare, a function area, water features, and sand gardens.

It is also planned to house a basketball court, park, and a children’s playground.

GERI’s portfolio covers integrated tourism estates development, horizontal residential subdivision lots, residential communities integrated with commercial complexes, and residential, office, and commercial high rises.

Its subsidiaries include Novo Sierra Holdings Corp., Elite Communities Properties Services Inc., Savor Hotel Boracay Inc., Belmont Hotel Boracay Inc., Twin Lakes Corp., Megaworld Global-Estate Inc., Oceanfront Properties Inc., and Global Homes and Communities Inc. —Jon Viktor Cabuenas/KG, GMA News