TAGAYTAY CITY – President Gloria Macapagal Arroyo led the groundbreaking and capsule-laying ceremonies for the first 100 percent Filipino culture-inspired vacation resort worth R10 billion.
Named Filipiniana Tagaytay, the vacation resort complex designed to please both domestic and foreign tourists, is a 20-hectare estate ideally located along the Tagaytay National Highway.
Featuring distinctly unique Filipino concepts and motifs, Oriental Mindoro Rep. Rodolfo G. Valencia, TOYM awardee in real estate development, and Ambassador Antonio L. Cabangon Chua, a noted business leader, said the project is certain to encourage tourists, retirees, travelers and investors to visit the Philippines. Its all-Filipino building design integrates modern amenities including hotels, condotels, eco-parks, convention center, and theaters, according to Valencia and Cabangon Chua.
Conceived as its ultimate tourism lure, however, will be its timely rendition of various Philippine festivities such as the Ati-atihan of Kalibo, Aklan; Moriones of Marinduque; Sinulog of Cebu; MassKara of Negros; and the Panagbenga Flower Festival of Baguio; among others.
The project bask in the cool climate of Tagaytay further boosts its surrounding landscape. It affords visitors a commanding view of the area’s green mountain ridge, the picturesque Taal Lake on which seemingly floats the majestic Taal Volcano.
Amb. Cabangan Chua, president of the Filipiniana Tagaytay Properties Inc., the project developer, said the total project cost will reach R10 billion, including the R2-billion that will go to land development alone. Fifty percent of the total cost, he added, will be funded by a Singaporean partner, and City State Holding Pte. Ltd., headed by Leow Siak Fah.
The project, Amb. Cabangon Chua said, is in support of the country’s tourism program.
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