“With the advent of the US-China trade war, we see a lot of foreign manufacturers, even Chinese manufacturers who have traditionally been exporting from China to the US, they are now uncompetitive. So a lot are trying to get out and we are confident a small chunk of these [investors] who would like to locate to the Philippines,” said Cathay Land President Jeffrey Ng.
With the strong demand, Cathay Land is pushing up the launch of Phase 2, Tranches 3 and 4 of Cavite Light Industrial Park in Silang, Cavite. To recall, Phase 2 was launched only February of this year. As for the price difference between Cathay Land’s residential, commercial and industrial offerings, Ng declared: “Even though our residential subdivisions are selling at almost ₱30,000 [per sq.m.], for commercial lots at ₱50,000 to ₱60,000 [per sq.m.], for industrial lots we’re selling at ₱9,000 – ₱10,000 [per sq.m.], so the yield is much lower [for our company] but it’s part of our company’s social responsibility and civic duty to put up industrial estates.
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