MANILA, Philippines—For the first time here in the Philippines, Lucio Tan-led Eton Properties Philippines Inc. will be introducing a unique concept in horizontal living, one that will let homebuyers enjoy staying in a “residential island lot,” or leisure properties in man-made islands.

Eton Properties Philippines is the real estate arm of the Lucio Tan Group.

The South Lake Village will have 18 residential islands situated around a 35-hectare, two-meter deep man-made lake.

Each island, approximately one hectare in size, will offer eight to 12 residential lots of about 1,000 square meters and will be sold at P10,000 to P12,000 per sq m.

MANILA, Philippines—For the first time here in the Philippines, Lucio Tan-led Eton Properties Philippines Inc. will be introducing a unique concept in horizontal living, one that will let homebuyers enjoy staying in a “residential island lot,” or leisure properties in man-made islands.

Eton Properties Philippines is the real estate arm of the Lucio Tan Group.

The South Lake Village will have 18 residential islands situated around a 35-hectare, two-meter deep man-made lake.

Each island, approximately one hectare in size, will offer eight to 12 residential lots of about 1,000 square meters and will be sold at P10,000 to P12,000 per sq m.

First phase

The 150-hectare South Lake Village is the first phase of the 1,000-hectare property that Eton City is master planning in Sta. Rosa. Laguna, informed Danilo Ignacio, Eton Properties president and COO during a briefing last Wednesday.

“It’s cool, secure, private and will be ready to be turned over by June 2009,” Ignacio said.

South Lake Village will be connected to the main land through land bridges while residents can also build their own private dock.

To preserve the condition of the man-made lake, only kayaks and electric boats will be allowed on the water.

Inspired

He described the South lake Village as one-of-a-kind development in the Philippines and was inspired by themed developments around the world, including Foster City in San Francisco, Dubai’s Jumeirah, The Palm and The World.

Ignacio said that being Eton Properties’ first venture in horizontal development, Eton City is envisioned to become the “Makati City of the South.”

Eton City, located on both sides of the South Luzon Expressway (right at the entrance of the existing Eton City-Greenfield interchange, which will soon be called Eton City Interchange), will include a golf course and a central business district.

The project will integrate residential enclaves, a world-class business district, a golf course and a broad range of commercial, resort-style recreation facilities as well as schools including the University of the East, which the Tan Group also owns.

Big advantage

Although relatively a new player, Ignacio explained that Eton Properties’ big advantage is that it has access to the most extensive land bank in this country—both the land bank of the Lucio Tan Group of Companies and real and other properties owned or acquired by Philippine National Bank and Allied Bank.

“Because of this, we are able to choose locations. Once we know the best demand is, we are able to launch right away a project in those locations,” he said.

Aside from Eton Properties’ experience in developing premium and mid-income residential and commercial buildings, construction of IT- and BPO-ready office buildings, the Lucio Tan Group also boasts of a vast experience in property development in Hong Kong, Shanghai, Xiamen, Beijing and Guam.

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written by dan garcia, March 10, 2008

South Lake Village and the Eton City being invisioned by your organization as the next twin city of the south...are these properties along the slex titled? isnt development in those properties risky cause its swampland and water log.Is that the reason you call it Lake village.

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