Category: Megaworld

Megaworld’s GERI to build condominium in Southwoods City

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Following the successful launch of Southwoods City and its residential village, Pahara, Global Estate Resorts, Inc. (GERI), a subsidiary of real estate giant Megaworld, introduces its first-ever residential condominium development in the 561-hectare Southwoods City.

Holland Park is a Danish-inspired, low-rise residential condominium cluster that will soon rise within the sprawling business and lifestyle district of Southwoods City, a township surrounded by a golf course in the boundaries of Carmona, Cavite and Binan, Laguna.

“As the first condominium development in Southwoods City, Holland Park will offer first-of-its-kind residences featuring the famous architectural wonders of Copenhagen. These residences right at the heart of the booming Southwoods City CBD will be perfect for families finding a refreshing abode surrounded by the lush greeneries of the township’s own golf course,” says Rachelle Peñaflorida, vice president for sales and marketing, Megaworld Global-Estate, Inc.

The two-clustered residential project will be a low-density community with an initial of 161 units, consisting of studios, one-bedroom, two-bedroom, and three-bedroom units.

Holland Park is strategically located within walking distance from the proposed Southwoods Mall, as well as from the office and BPO buildings that will soon rise in the township. Completion of Holland Park is expected in 2017.

“The rising demand for properties in Southwoods City prompts us to launch the first condominium project in the township, just a few months after we reached 90% sold out for Pahara,” adds Penaflorida.

Launched in March this year, Pahara is a 26-hectare upscale residential village within Southwoods City, sitting beside the slopes and greenscapes of the Manila Southwoods Golf and Country Club.

Southwoods City is a masterplanned township that is poised to be the next central business district south of Metro Manila. It will have its own cyberpark, malls, schools, church, open parks, leisure facilities, a weekend market, transport hub as well as residential villages and a golf course. It is easily accessible through the South Luzon Expressway with a traveling time of only 20 minutes from Makati CBD and 10 minutes from Alabang.

Southwoods City is one of the 15 townships developed by Megaworld and its subsidiaries. Other townships include the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West, 50-hectare McKinley Hill, 15.4-hectare Uptown Bonifacio and 5-hectare Forbes Town Center in Fort Bonifacio; 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo, 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; as well as the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc. and; GERI’s 150-hectare Boracay Newcoast in Boracay Island; and 1,300-hectare Twin Lakes in Tagaytay.

Get the best of glamorous Beverly Hills living in the South

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The South is in for a brand of Beverly Hills chic and glamour with Alabang West, the latest development of Global-Estates Resorts, Inc., a subsidiary of the country’s leading real estate developer, Megaworld. Alabang West will integrate a Beverly Hills-themed lifestyle into its commercial, retail and residential developments that will be beside the booming business and commercial district in the South. Residents will have the poshest amenities together with world-class shopping boutiques right in one neighborhood.

“Soon to rise will be a themed township that highlights the best of Hollywood, specifically Beverly Hills. We envision this development to be the next big thing in Alabang,” says Jericho P. Go, senior vice president, Megaworld, in his review of the development.

Shopaholics, foodies, and fashion forward clients will surely be satisfied as complementing their posh neighborhood will be a world-class shopping strip. The 1.3-kilometer commercial and retail row, Rodeo Drive, will be inspired by its original counterpart in Beverly Hills and will also be lined with palm trees.

“People can get the best of gourmet, fashion, and boutique finds in Rodeo Drive,” says Rachelle Peñaflorida, vice president for sales and marketing, Megaworld Global-Estate, Inc. “This will be the newest shopping hub in the South, and lifestyle mavens will surely enjoy the myriad offerings of Rodeo Drive.”

The best amenities await those who would be living at Alabang West. An infinity/wading pool, cabanas, open space parks, a fitness center and two-story clubhouse are just some of what’s in store for clients.

Alabang West is another world-class project of Global Estate Resorts, Inc. that offers residents an instant celebrity feel while they live, work, play and learn inside the exclusive township. It will be located along Daang Hari in Las Piñas City. As an exclusive village among the elite, Alabang West has allotted 788 available lots that range from 250 to 800 square meters each, with a provision to combine.

A high-end neighborhood awaits clients of Alabang West. True to LIVE-WORK-PLAY-LEARN, clients can have a well-rounded, dynamic lifestyle at this posh neighborhood in the South.

Alabang West is Megaworld’s 15th township in its portfolio which includes the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West, 50-hectare McKinley Hill, 15.4-hectare Uptown Bonifacio and 5-hectare Forbes Town Center in Fort Bonifacio; 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo, 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; as well as the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc. and GERI’s 561-hectare Southwoods City in the boundaries of Cavite and Laguna; 150-hectare Boracay Newcoast in Boracay Island; and the 1,300-hectare Twin Lakes in Tagaytay.

Megaworld 9-month profit rose 192 percent to P19-B

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Real estate giant Megaworld posted a net income of P19.03 billion (inclusive of the P11.62-billion non-recurring gain from the acquisition and sale of a subsidiary and associate) for the first nine months of 2014, 192 percent higher than the P6.52-billion posted for the same period in 2013, due to strong residential sales in its various townships, particularly in Newport City, Uptown Bonifacio, McKinley Hill, and Eastwood City, as well as higher leasing income from its office and retail portfolio.

“We are confident that Megaworld can achieve another record year for 2014 as we further expand our township developments all over the country,” said Dr. Andrew L. Tan, chairman and CEO, Megaworld.

Megaworld’s rental income from its office developments and lifestyle malls surged to a record P5.2 billion in the first nine months of 2014, a 20 percent jump from P4.34 billion in the same period last year.

Total revenues of Megaworld and its subsidiaries Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, and Suntrust Properties amounted to P41.86 billion for the first nine months of this year, up 57 percent from P26.68 billion for the same period last year.

Megaworld and its subsidiaries also posted P70.2 billion in reservation sales in the first nine months of 2014, an 11 percent increase from P63-billion year-on-year.

Last June, the consolidation of Tan’s real estate companies under Megaworld was completed with the acquisition of a 49.2 percent stake in GERI by Alliance Global Group, Inc., Tan’s holding company, and one of the country’s largest conglomerates. The acquisition brings Megaworld’s majority stake in GERI up to 80.4 percent and increases the developer’s total land bank to around 4,000 hectares.

The entire Megaworld group launched a total of 19 residential projects during the first nine months of 2014.

Megaworld launched eight projects: Salcedo Skysuites and Greenbelt Hamilton Tower 2 in the Makati CBD; The Venice Luxury Residences’ Fiorenzo Tower, The Florence Tower 2 and Viceroy East Tower in McKinley Hill, Fort Bonifacio; St. Moritz Private Estate in McKinley West, also in Fort Bonifacio; Lafayette Park Square in Iloilo Business Park; and Mactan Belmont Luxury Hotel at The Mactan Newtown in Cebu.

Empire East, on the other hand, launched four projects, namely: Mango Tree Residences East and West Tower in San Juan City, Kasara Urban Residences Tower 5 in Pasig City, and Pioneer Woodlands Park 2 in Mandaluyong City.

Suntrust unveiled five projects: Suntrust Ascentia and Suntrust Solana in Manila, Suntrust Amadea in Quezon City, 88 Gibraltar in Baguio City, and Siena Hills in Lipa, Batangas.

GERI, for its part, launched Pahara Residential Village at Southwoods City and the 62-hectare Alabang West, both located south of Metro Manila.

Megaworld is set to further solidify its position as the leader in office developments in terms of total office space inventory by completing another 112,000 square meters of office space this year. By the end of 2014, with the completion of new state-of-the-art office towers in Uptown Bonifacio, The Mactan Newtown, and Iloilo Business Park, the company will have around 712,000 square meters of office space in its portfolio.

On the retail side, Megaworld is set to complete additional commercial and retail space at the Venice Grand Canal Mall in McKinley Hill, as well as several commercial strips at The Mactan Newtown. Megaworld currently has 304,083 square meters of commercial and retail space in its portfolio.

Megaworld pioneered the live-work-play-learn lifestyle concept in mixed-use communities, popularly known as townships, in the Philippines.

To date, the Megaworld group has 15 townships in the most strategic locations in the country. These are the 18-hectare Eastwood City, the country’s first-ever cyber park; the 50-hectare McKinley Hill in Fort Bonifacio; the 25-hectare Newport City in Pasay City; the 5-hectare Forbes Town Center in Fort Bonifacio; the 28.8-hectare The Mactan Newtown in Lapu-lapu City, Mactan, Cebu; the 15.4-hectare Uptown Bonifacio in Fort Bonifacio; the 34.5-hectare McKinley West in Fort Bonifacio; the 12.3-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Davao City; the 72-hectare Iloilo Business Park in Iloilo City; the 350-hectare Suntrust Ecotown of its wholly-owned subsidiary Suntrust; GERI’s 561-hectare Southwoods City on the boundaries of Cavite and Laguna; the 150-hectare Boracay Newcoast in Boracay Island; the 1,300-hectare Twin Lakes in Tagaytay; and the 62-hectare Alabang West.

Over the past 25 years, the Megaworld group has emerged as the country’s No.1 real estate organization. It has completed more than 340 residential and office buildings with a total area of around 5.8 million square meters. Currently, about 200 residential, office and hotel buildings with a total area of around 6-million square meters are under development.

Megaworld’s GERI to build P10-B township in Alabang

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Megaworld Global-Estate Inc. VP for sales and marketing Rachelle Penaflorida talks about Alabang West Village with Megaworld SVP Jericho Go, and head of public relations and communications Harold Geronimo at a press briefing in Marriott Hotel Manila.

Megaworld, the country’s leading real estate developer, through its subsidiary Global Estate Resorts, Inc. (GERI), is developing a 62-hectare prime property in Alabang into another township.

To be named ALABANG WEST, this vast property beside the booming business and commercial district that Alabang has been known for, will integrate a Beverly Hills-themed lifestyle concept into its commercial and residential developments.

“Soon to rise will be a themed township that highlights the best of Hollywood, specifically Beverly Hills. We envision this development to be the next big thing in Alabang,” says Jericho P. Go, senior vice president, Megaworld.

Megaworld’s GERI is allocating P10-billion to develop Alabang West in the next five years.

Tapping Megaworld’s expertise in township developments, GERI is constructing a 1.3-kilometer commercial and retail row, inspired by Hollywood’s famous Rodeo Drive within Alabang West.

Beside the stretch of Rodeo Drive will be an exclusive Alabang West Village with 788 residential lots ranging from 250 to 800 square meters.

“Alabang West Village will be a posh neighborhood that is distinctly “Alabang” inspired by the glitz and glamour of Hollywood’s Beverly Hills. This is a perfect haven to those seeking the cosmopolitan vibe away from hustle and bustle of Metro Manila,” says Rachelle Penaflorida, vice president for sales and marketing, Megaworld Global-Estate, Inc.

Megaworld has been known for developing fast-selling high-end residential villages such as McKinley Hill and McKinley West villages in Fort Bonifacio, Corinthian Hills in Quezon City and Pahara in Southwoods City.
Of the total land area of Alabang West, 76 percent is allocated for residential development while the rest is for the township’s commercial and retail district.

The village will have a huge clubhouse complex with amenities that include badminton and basketball courts, function rooms, cabanas, game room, café and al fresco dining areas, a fitness center, pocket gardens, open space parks, infinity pool, among others.

Strategically located at the heart of Alabang’s high-end communities and golf course, Alabang West is conveniently accessible through the major access points of the South Luzon Expressway-Alabang Exit and the upcoming Daang Hari Exit. Its close proximity allows everyone to move around the Metro within minutes and easily access the major business districts of Makati and Fort Bonifacio.

Alabang West is Megaworld’s 15th township in its portfolio which includes the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West, 50-hectare McKinley Hill, 15.4-hectare Uptown Bonifacio and 5-hectare Forbes Town Center in Fort Bonifacio; 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo, 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; as well as the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc. and GERI’s 561-hectare Southwoods City in the boundaries of Cavite and Laguna; 150-hectare Boracay Newcoast in Boracay Island; and the 1,300-hectare Twin Lakes in Tagaytay.

Megaworld supports drive to protect the Iloilo River

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As part of its commitment in developing sustainable townships, Megaworld, the country’s leading real estate developer, partnered with the Iloilo city government, Department of Environment and Natural Resources (DENR), Iloilo City Agriculture Office, McDonald’s, and PGA Green Global company, to lead an environmental initiative dubbed “My Mangroves, My Life,” where around 100 volunteers from Megaworld, local residents, students from University of San Agustin, planted nursed mangrove seedlings at a 2,500 sq. m. coastal area of Brgy. Sooc, Villa de Arevalo, Iloilo City.

The property giant initiated this step in giving back to the community as support to the local government’s unity drive to preserve and protect the Iloilo River which meets the gateway to Iloilo Business Park.