SINGAPORE-based property developer Syntech Properties, Inc. announced the development of a 37-hectare retirement village in Balamban, Cebu.

Syntech Properties, led by director Janice Ngiam-Chong, paid a courtesy call to Balamban Mayor Ace Binghay to discuss the project, which is now in the documentary and ground work stages.

Syntech Properties is the developer the City Lights Garden Condominiums in Busay.

The company said it will initially develop the phase-one of the active retirement community which will have 66 house and lot units and an organic farm.

The project whose master-planned development will run for eight years, will emphasize green technology. It will also tap local farmers to manage its organic farm through an establishment of a cooperative.

The development will also put up other facilities needed in a retirement village such as clinic, retail joints, among others. Syntech Properties started similar development projects in other countries like Japan and Australia.

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