MANILA, Philippines - Developer Torre Lorenzo Development Corporation is building four luxury developments in the next five years.
In a statement, Tomas P. Lorenzo, president of Torre Lorenzo, said the company's first master-planned luxury residential community, Siam 8000, will rise in Davao City.
"A number of ongoing luxury residential projects will become integral in Torre Lorenzo’s growing portfolio," he said.
Torre Lorenzo is partnering with Asian hospitality brand Dusit International for the P2 billion Siam 8000 project, which will feature the Dusit Thani Residences and Dusit d2 Hotel.
Lorenzo said the company is now directing its real estate development efforts to putting up communities that cater to specific market segments.
Torre Lorenzo first made a name in the real estate market through its successful student-targeted university housing project in Manila’s school district, as well as its first township venture in Davao, Ciudades.
Lorenzo noted that Siam 8000, situated along Maryknoll Drive in Lanang, Davao City, is a vote of confidence in Davao as an emerging high-end tourism and property destination.
"Fuelled by a robust local economy and a growing number of unique attractions, Davao is evolving tremendously as a destination and this growth is ultimately reflected in the real estate and tourism sectors... With ambitious development goals, Torre Lorenzo is strategically building its portfolio of premier properties to keep up with the increasing demand by leveraging on the company’s competitive advantages and meaningful partnerships," Lorenzo said.
Torre Lorenzo’s real estate project pipeline will also include other luxurious property ventures such as another Dusit D2 Hotel and the exclusive Lubi Plantation Membership Club, both in Kopiat Island, Davao.