Category: Megaworld

Megaworld to build Western Visayas’ tallest residential tower in Iloilo Business Park

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Megaworld, the country’s leading real estate developer and pioneer of townships, introduces another modern luxury residential condominium that is poised to be the tallest building in the region. Standing 80 meters high at 22 storeys, The Palladium will also be Western Visayas’ first residential tower with its own skygardens in various floors overlooking the spectacular views of the booming city.

“Since last year, we have been experiencing consistent growth in the demand for residential towers in Iloilo Business Park. Everyday, we get inquiries about new projects and everyone wants the best views and amenities from the condominiums that they look for. That is why selling the four towers of our first two residential projects, One Madison Place and Lafayette Park Square, was very easy. And now, we are on our fifth tower which will be offering another set of unique, first-of-its-kind amenities and features that Ilonggos can boast of,” says Jennifer Palmares-Fong, head of marketing, Iloilo Business Park.

Named after one of the earth’s rarest precious elements, The Palladium will be built as a stylish urban oasis with four skygardens where residents can relax and enjoy serene moments with nature.

A total of 482 units ranging from studio (from 29.50 square meters), executive studio (from 39.50 square meters), one-bedroom (from 49.50 square meters) to two-bedrooms (from 83.50 square meters) will be available at The Palladium which will be divided into North Wing and South Wing. At the topmost floor of the tower, there will be exclusive loft units ranging from 76 square meters to 115 square meters.

Residents of The Palladium will also get to enjoy the state-of-the-art amenities that the tower offers. These include an infinity pool, a children’s pool, outdoor and indoor fitness center, day care center, lawn area for events, and a function hall.

From the outside, the first two levels of The Palladium will be allocated for commercial and retail shops.

“We are offering a unique living experience at The Palladium. Our loft units will be first-of-its-kind in Iloilo City and the entire Western Visayas, and our amenities will raise the bar of this city’s lifestyle for our future residents,” adds Palmares-Fong.

Iloilo Business Park is a 72-hectare township development, which is poised to be the Western Visayas’ biggest business and tourism hub located at the site of the old airport in Mandurriao district.

Megaworld has allotted P35-billion for the development of the township in the next 10 years, making it the company’s biggest single investment outside Metro Manila. Iloilo Business Park will be home to luxury residential condominiums, state-of-the-art Business Process Outsourcing (BPO) office towers, a Megaworld Center Mall, a 1.1-kilometer Festive Walk commercial and retail strip, open parks, transport hub, first-class hotels such as Richmonde Hotel Iloilo and Courtyard by Marriott Iloilo, and the much-anticipated 3,700-seating Iloilo Convention Center.

The Iloilo Business Park is expected to bring Megaworld’s pioneering ‘LIVE-WORK-PLAY-LEARN’ township to Western Visayas, following the success of other townships such as the 18.5-hectare Eastwood City, known to be the Philippines’ first IT park; the 50-hectare McKinley Hill, 34.5-hectare McKinley West in Fort Bonifacio; the 15.4-hectare Uptown Bonifacio and the five-hectare Forbes Town Center in Bonifacio Global City; the 25-hectare Newport City in Pasay City, home of the famous Resorts World Manila; the 12.3-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Lanang, Davao City; and the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.

Property tycoon Andrew Tan takes the “ALS Ice Bucket Challenge”

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Heeding the worldwide call to raise funds in the fight against ALS (Amyotrophic Lateral Sclerosis), or commonly known as Lou Gehrig’s Disease, Megaworld chair Dr. Andrew L. Tan becomes the first Filipino tycoon to take part in the Ice Bucket Challenge phenomenon that aims to spread ALS awareness around the world.

Dr. Tan’s participation in the challenge was proactive and voluntary on his part.

“I support the important cause of the ALS Association to promote awareness about Lou Gehrig’s Disease that is a threat to humanity. That is why I’m here to take this Ice Bucket Challenge, and at the same time, I will make a donation to the movement,” he said on video recorded in his house on August 25.

As a tradition to the ALS Ice Bucket Challenge, Dr. Tan nominates three personalities from the business community to do the same: Dr. Steven DeKrey, president of Asian Institute of Management; Mr. Manolito Tayag, country head of Accenture Philippines; and Kenneth Yang, president of Golden Arches Development Corporation (McDonald’s Philippines).

Dr. Tan is the chairman and CEO of Megaworld, one of the Philippines’ largest real estate developers and the country’s leader in business process outsourcing (BPO) office developments.

Megaworld builds P45-B McKinley West beside Forbes Park

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Megaworld builds P45-B McKinley West beside Forbes Park

Catering to Metro Manila’s upscale market, property giant Megaworld is developing McKinley West, an “ultra high-end” township on a 34.5-hectare former JUSMAG property in Fort Bonifacio which is directly beside Forbes Park and Manila Polo Club.

The company is spending P45-billion in the next 10 years to build McKinley West which gained popularity among Manila’s elite following its record sell out of its exclusive, upscale McKinley West Village in less than a month in 2010. The village borders part of South Forbes Park and Manila Polo Club.

“It has been three years since we sold out McKinley West Village, yet up to now, we are still receiving inquiries,” reveals Noli D. Hernandez, senior vice president, Megaworld.

Aside from the residential village, McKinley West will have rows of luxury residential estates with some properties having their own swimming pools, state-of-the-art security features and first-of-its-kind luxury amenities. Megaworld is commissioning UK-based global architectural firm Broadway Malyan to design these luxury estates which will be launched very soon.

It will also have its own business park offering modern office towers as well as commercial and retail buildings. Construction of the business park will start next year.

“McKinley West’s masterplan highlights a luxurious blend of a modern business district and posh residential enclaves. We will live up to the lifestyle that the neighboring Forbes Park also offers,” Hernandez explains.
With the development of McKinley West, Lawton Avenue, the main road fronting the township, will be expanded to six to eight lanes, through the efforts of the Bases Conversion and Development Authority (BCDA). The township will also have direct access to McKinley Hill, another Megaworld development.

“With the expansion of Lawton Avenue, we look forward to a more convenient access to Bonifacio Global City, South Luzon Expressway, C5 Road, the Ninoy Aquino International Airport and McKinley Road towards Makati CBD. McKinley West’s unparalleled location and accessibility to Metro Manila’s major CBDs make it the most ideal mixed-use community today,” adds Hernandez.

Megaworld has pioneered the “LIVE-WORK-PLAY-LEARN” lifestyle concept for mixed-use communities in the Philippines, which are popularly known as “townships.”

Apart from McKinley West, the company has nine other townships all throughout the country covering around 300 hectares of land. This includes the 18.5-hectare Eastwood City, which is considered to be the country’s first cyberpark; the 50-hectare McKinley Hill in Fort Bonifacio; the 25-hectare Newport City in Pasay City; the 5-hectare Forbes Town Center in Bonifacio Global City; the 28.8-hectare The Mactan Newtown in Lapu-Lapu, Cebu; the 15.4-hectare Uptown Bonifacio in Bonifacio Global City; the 12.3-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Davao City; and the 72-hectare Iloilo Business Park in Iloilo City.

Over the past 25 years, the Megaworld Group has emerged as the country’s No. 1 real estate organization. It has completed more than 320 residential and office buildings with a total area of around 5.6 million square meters. Currently, about 185 residential, office and hotel buildings with a total area of around 5.4 million square meters are under development.

Megaworld expands residential condo portfolio in Makati CBD

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Megaworld, the country’s biggest residential condominium developer and top BPO landlord, is expanding its portfolio of residential condominiums in the Makati Central Business District (CBD). In the next three to five years, the property giant is completing four new residential towers in Makati CBD, adding an estimated 2,000 brand new units in the condominium inventory for Makati City due to the strong market demand. These include Two Central, Three Central and Paseo Heights in Salcedo Village; and Greenbelt Hamilton in Legazpi Village.

“There is a continuing expansion of multinational companies and growth of the expatriate population in the country. Through the years, there has been a remarkable increase in the number of business process outsourcing (BPO) and offshoring companies. Thus, the demand for residential condominiums in the Makati CBD remains high. Makati City, especially the CBD area, remains to be the top choice among local and foreign condo buyers and investors,” says Eugene Lozano, head of sales and marketing for Makati CBD, Megaworld.

The company reports strong take up of units of its four new residential condominium towers. At present, its super high-end residential property along Valero Street, Two Central, is already sold out. The third tower, Three Central, which is also located along Valero Street and will house the first upscale community mall in Salcedo Village, is now 85% sold. Paseo Heights, another residential tower which will rise in a prime location fronting the famous Salcedo Park, is now 65% sold; while another tower which will rise along Legaspi Street in Legazpi Village, Greenbelt Hamilton, is already 75% sold.

“Our residential condominiums in Makati are within the prime locations of the central business district, not in the outskirts of the city. So we tell our buyers: why get a Makati condo away from the CBD if you can have everything here already. At the end of the day, location is key. Condos in Makati CBD definitely provide higher return of investment if you decide to rent it out or re-sell in the future compared to those outside the CBD,” stressed Lozano.

This year, the company is completing the 50-storey One Central luxury condominium with a total of 708 units.

To date, the company has a total of 18 buildings around Makati City, mostly in the central business district. By 2017, the total number of buildings by Megaworld is expected to reach 26 in the Makati CBD alone.

“We have built a strong track record as the country’s largest developer in the last two decades. We are looking at more opportunities to further expand our portfolio in the Makati CBD by growing our landholding. We will definitely continue to build more residential towers in the country’s financial center,” Lozano points out.

To further ensure the highest quality of its residential condominiums, Megaworld has exclusively partnered with some of the country’s best building contractors with “AAA” accreditation such as EEI Corporation and Datem. It has also tapped some of the world’s renowned brands such as HansGrohe, Kohler and Elba for bathroom and kitchen fixtures of some of its super high-end properties.

Megaworld expands residential condo portfolio in Makati CBD

PRNEWS Leave a comment

Megaworld, the country’s biggest residential condominium developer and top BPO landlord, is expanding its portfolio of residential condominiums in the Makati Central Business District (CBD). In the next three to five years, the property giant is completing four new residential towers in Makati CBD, adding an estimated 2,000 brand new units in the condominium inventory for Makati City due to the strong market demand. These include Two Central, Three Central and Paseo Heights in Salcedo Village; and Greenbelt Hamilton in Legazpi Village.

“There is a continuing expansion of multinational companies and growth of the expatriate population in the country. Through the years, there has been a remarkable increase in the number of business process outsourcing (BPO) and offshoring companies. Thus, the demand for residential condominiums in the Makati CBD remains high. Makati City, especially the CBD area, remains to be the top choice among local and foreign condo buyers and investors,” says Eugene Lozano, head of sales and marketing for Makati CBD, Megaworld.

The company reports strong take up of units of its four new residential condominium towers. At present, its super high-end residential property along Valero Street, Two Central, is already sold out. The third tower, Three Central, which is also located along Valero Street and will house the first upscale community mall in Salcedo Village, is now 85% sold. Paseo Heights, another residential tower which will rise in a prime location fronting the famous Salcedo Park, is now 65% sold; while another tower which will rise along Legaspi Street in Legazpi Village, Greenbelt Hamilton, is already 75% sold.

“Our residential condominiums in Makati are within the prime locations of the central business district, not in the outskirts of the city. So we tell our buyers: why get a Makati condo away from the CBD if you can have everything here already. At the end of the day, location is key. Condos in Makati CBD definitely provide higher return of investment if you decide to rent it out or re-sell in the future compared to those outside the CBD,” stressed Lozano.

This year, the company is completing the 50-storey One Central luxury condominium with a total of 708 units.

To date, the company has a total of 18 buildings around Makati City, mostly in the central business district. By 2017, the total number of buildings by Megaworld is expected to reach 26 in the Makati CBD alone.

“We have built a strong track record as the country’s largest developer in the last two decades. We are looking at more opportunities to further expand our portfolio in the Makati CBD by growing our landholding. We will definitely continue to build more residential towers in the country’s financial center,” Lozano points out.

To further ensure the highest quality of its residential condominiums, Megaworld has exclusively partnered with some of the country’s best building contractors with “AAA” accreditation such as EEI Corporation and Datem. It has also tapped some of the world’s renowned brands such as HansGrohe, Kohler and Elba for bathroom and kitchen fixtures of some of its super high-end properties.