GERI to Develop PhP8B ‘Integrated Lifestyle Community’ in Caliraya

Megaworld Corp. (PSE: MEG), through its subsidiary Global-Estate Resorts Inc. (PSE: GERI), announces its second “integrated lifestyle community (ILC)” development in Lumban-Cavinti, Laguna, surrounding Lake Caliraya.

To be called The Hamptons Caliraya, the 300-hectare development will be composed of lakeside residential villages and villas, a town center, two 18-hole golf courses and clubhouse, and a Marina Club that offers a wide range of water sports activities such as boating, jet ski and kayaking, as well as a shophouse district and resort hotel district.

The Hamptons Caliraya will also be highlighted by The Hamptons Village, an 11-hectare lakeside residential village with lots ranging from 500 square meters to 2,100 square meters. The village, which will have close access to the lake and the proposed Marina Club development, will have its own clubhouse and a private marina.

“The development’s key highlight is Lake Caliraya as the community revolves around the lakeside concept, inspired by The Hamptons New York, which has become a major vacation spot to America’s elite society. Aside from having an exclusive, upscale residential community, The Hamptons Caliraya is envisioned to be another tourist destination in the South,” says Glenn Heraldo, vice president for sales and marketing, Megaworld Global-Estate Inc.

The Megaworld subsidiary brand, which handles tourism and leisure estates around the country, has allocated PhP8-billion to develop The Hamptons Caliraya in the next 10 years. Aside from Lake Caliraya, the community will also enjoy the refreshing views of Mt. Banahaw from afar.

With the launch of The Hamptons Caliraya, Megaworld now has 23 townships and integrated lifestyle communities across the country, six of which are being developed by GERI in Boracay, Tagaytay, Cavite-Laguna, Las Piñas City and Antipolo.