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Tagaytay Highlands  |  Highlands Prime unveils upscale residential projects

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MANILA, Philippines—Leisure estate developer Highlands Prime Inc. expects to return to profitability this year with the launch of more upscale residential community projects inside Tagaytay Highlands and given a much improved economic environment.

HPI president Henry Sy Jr. told reporters after the company’s stockholders meeting on Monday that this year was looking good for the company. “We’re experiencing a better economy and renewed interest in Tagaytay Highlands because of its beautiful location” Sy said.

Since the start of the year to April 20, HPI’s sales hit P240 million compared to P97 million in the same period last year.

Sales performance is supported by the launch of two new community projects, out of which HPI is selling residential lots.

Unveiled last Easter was Aspenhills at The Highlands, a 27-hectare modern community perched on a scenic hill, offering year-round cool weather and breath-taking views of the mountains of Batangas and Laguna, Canlubang Valley and Laguna de Bay, the company said. This project is expected to generate about P1.3 billion in sales. About 182 lots with cuts of 350 to 400 square meters are up for sale at an average price of P15,000/sqm.

Aspenhills is envisioned as the “ideal family getaway” with amenities such as the Spinner’s Trail, a dedicated biking pathway with scenic views and the Aspenhills Park, the central amenity area with the Little Ranch playground, Sunshine Picnic Grove and Meadows Community Clubhouse.

HPI is likewise preparing for the second project launch for the year – a modern open architectural-style lot development at The Midlands slated for the middle of the year. This project will offer prime residential lots amid lush greenery as well as views of Mt. Makiling and Taal Lake.

The company has more than 600 hectares of landbank in Tagaytay, representing the parcels of property spun off from Belle Corp.’s Tagaytay Highlands 10 years ago. It has developed only about 10 percent of its landbank so far.

On the other hand, HPI’s project in Canlubang hit a snag as parts of the 342-hectare property acquired from the Yulo family in 2009 had been foreclosed by the bank and auctioned off. The auction was won by the Ayala group, Sy said.

“We’re talking to the seller. Because of their failure to deliver on certain provisions, we were not able to launch the masterplan,” Sy said, adding however that HPI was asserting its right on the property and was still keen on proceeding with this project.

HPI incurred a net loss of P35 million last year compared to a net profit of P8.22 million in 2010. But officials expect to return to profitability this year.

http://business.inquirer.net/55333/highlands-prime-unveils-upscale-residential-projects

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  • Home
  • Golf & Clubs
    • Tagaytay Highlands International Golf Club
    • Tagaytay Midlands Golf Club
    • The Country Club
    • The Spa and Lodge
  • Amenities & Facilities
    • Amenities
    • --Country Club
    • --Sports Center
    • Sports and Recreational
    • Dining
    • Accommodations
    • Weddings
  • House & Lot
    • Provence
    • Vireya
    • Aspen Hills
    • Sierra Lago
    • Pueblo Real
    • Sycamore Heights
    • Katsura
    • Nobhill
    • Hillside
    • Alta Mira
    • Lakeview Heights
    • The Villas
    • The Grove
  • Condo
    • Horizon Terraces >
      • Redstone at Horizon Terraces
    • The Woodridge
    • The Woodridge Place
    • The Woodridge Place II
    • The Woodlands Point
    • The Woodlands
    • The Horizon
    • Pinecrest Village
    • The Belle View
  • Inquiry
  • Price/Rates
    • Lot Only
    • Condominium
    • Membership Rates
    • Room Accommodations
    • Sports and Recreational Rates
    • Golf Rates
  • AVP's
    • Tagaytay Highlands AVP 2016
    • Experience Tagaytay Highlands
    • Audio-visual Presentation 2008
    • Audio-visual Presentation 2009
  • Map
    • Masterplan
    • How to Get There >
      • Via SLEx Sta. Rosa /Coastal Road(Option 1&2)
      • Via Calamba-Batino Exit(Option3)
    • Tagaytay Highlands Complex
    • Tagaytay Highlands Map with Photos
  • Blogs
    • 25 reasons to visit Tagaytay Highlands
    • Your Home Not Far From Home
    • Tagaytay Highlands PrimeFour
    • Tagaytay Highlands: Breathtaking!!!
    • Tagaytay Highlands: Wedding Destination #3 in the World
    • Wedding in the Sky
    • Tagaytay Highlands
    • Tagaytay Highlands properties
    • Tagaytay Highlands
    • Tagaytay Midlands
    • Tagaytay Highlands amenities
    • Tagaytay Highlands website
    • Tagaytay Highlands and Midlands website
    • Tagaytay Highlands properties
    • Tagaytay Highlands
    • Tagaytay Highlands | Holiday highs at Tagaytay Highlands
    • Tagaytay Highlands Plants 1,800 Trees
    • Tagaytay Midlands Lakeview Heights
    • Tagaytay Highlands Lakeview Heights
    • Lakeview Heights in Tagaytay
    • Tagaytay Highlands golf course
    • Pueblo Real Tagaytay Highlands
    • Pueblo Real in Tagaytay Midlands
    • Pueblo Real in Tagaytay Highlands complex
    • Belleview 2Bedroom
    • Construction Milestone
    • Tagaytay Highlands receives Biodiversity Special Award
    • Tagaytay Highlands: Exciting 9-hole addition Tagaytay Midlands golf course
    • Tagaytay Highlands: Where recreation is a serious concern
    • Tagaytay Highlands: Maserati joins Tagaytay Highlands Luxury Car Club
    • Tagaytay Highlands log cabin
    • Woodlands Point log cabin in Tagaytay Highlands
    • Aspen hills Tagaytay Highlands
    • Aspenhills Tagaytay
    • Alta Mira Tagaytay Highlands
    • Alta Mira in Tagaytay Midlands enclave
    • Woodlands Point log cabin in Tagaytay Highlands
    • Vireya Midlands, Tagaytay Highlands
    • Vireya in Tagaytay Highlands
    • Tagaytay Horizon Terraces overlooking condominium Tagaytay Highlands
    • Midlands PrimeFour in Tagaytay Highlands
    • Tagaytay Highlands (Sierra Lago, Pueblo Real, Alta Mira, Lakeview Heights--Midlands prime four)
  • Reservation
  • News and Events
    • Sierra Lago remaining prime lots
    • 5 Great Reasons to Invest in Tagaytay Highlands. Now
    • Terraces condo in Tagaytay Highlands
    • Luxury experience high in the hills of Tagaytay Read more at http://2016.mb.com.ph/2016/05/23/luxury-experience-high-in-the-hills-of-tagaytay/#7q7YuLOygu175VXR.99
    • Tagaytay Highlands takes development to greater heights
    • Say hi to summer at Tagaytay Highlands
    • Luxury experience high in the hills of Tagaytay
    • Tropical haven high up in Tagaytay Vireya
    • Tagaytay Highlands Idyllic mountain resort living
    • ​Tagaytay Highlands: Luxury experience high in the hills of
    • Vireya in Tagaytay Highlands: Tropical haven high up in Tagaytay
    • The Horizon Condominium in Tagaytay Highlands overlooking Volcano
    • Horizon Condominium at Tagaytay Midlands within Tagaytay Highlands complex
    • Horizon Terraces at Tagaytay Midlands
    • tagaytay-highlands dot com
    • Tagaytay-Highlands dot Com
    • Tagaytay-Highlands dot com
    • TAGAYTAY HIGHLANDS’ WOODRIDGE PLACE WINS IN 2017 PH PROPERTY AWARDS
    • Horizon Terraces condo Tagaytay Highlands
    • Experience Tagaytay Highlands
    • Tagaytay-Highlands dot com website
    • Tagaytay-Highlands dot com midlands website
    • TAGAYTAY HIGHLANDS SCORES EPIC WIN IN INTERNATIONAL AWARDS
    • Tagaytay Highlands 2017 Best Leisure Development
    • Horizon Terraces in Tagaytay Highlands Garden Villas and Garden Suites
    • Linden J Unit
    • Linden 2Bedroom
    • Mahogany 1bedroom
    • Tagaytay Highlands Holy Week 2018
    • Woodridge Sequioa
    • Pinecrest Village resale condo
    • Aspenhills elevates Tagaytay High- lands as benchmark of mountain resort living
    • Woodlands Log Cabin Tagaytay Highlands
    • Special Link for Ma'am Rose
    • 5 Great Reasons to Invest in Tagaytay Highlands. Now.
    • Why Tagaytay Highlands Properties Make A Great Investment