TLDC expands Batangas project

Tierra Lorenzo Lipa — COURTESY OF TORRE LORENZO DEVELOPMENT CORP.

By Keren Concepcion G. Valmonte, Reporter

TORRE LORENZO Development Corp. (TLDC) launched the second residential tower of its urban lifestyle center and mixed-use development in Lipa City in Batangas, which will now offer studio units.

“Looking at the market and levels of affordability, we decided to introduce a new product line, which are studio units,” Cathy C. Ko, chief operating officer of TLDC, said in a briefing last week.

The Tierra Lorenzo Lipa offers amenities such as a playground, open areas, a fitness center, a pool deck, and multi-purpose pavilion.

The second tower will have 10 residential floors with 28 units per floor, as well as more parking spaces. Turnover is expected by the fourth quarter of 2025.

Unlike the first tower that offered only one-bedroom and two-bedroom units, the second residential tower will feature about 120 studio units spanning around 21 to 24 square meters (sq.m.) each.

The project will also include 120 one-bedroom units (35.33 sq.m.), and 40 two-bedroom units (52.80 sq.m.).

“Our property owners have the option to upgrade their units, turn them over to our property management team and we will do the rest. We take the headache of unit leasing and maintenance away from those who invest in our properties as vehicles for recurring income,” Ms. Ko said in a statement.

TLDC said it will start construction for the third tower of the complex, Dusit Princess, upon completion of the second tower. The company plans to open the hotel by 2026.

“We started to invest in Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon), particularly in Batangas and its bustling heart, Lipa City, mainly because we saw the potential in the area,” Ms. Ko said, adding that an expansion in Laguna is part of the company’s pipeline.

Torre Lorenzo also “identified other next wave cities” where it plans to expand beyond Luzon, such as Davao, Bicol, and Iloilo.

“We don’t want to be where everybody else is we want to be pioneering in certain areas,” said Ms. Ko. “We’re actually also looking at low-rise developments, smaller-scale for the future.”