These expansive new developments to cover around 2,000 hectares in Luzon and Mindanao
SHAPING THE NATION. Megaworld continues to be among the main catalysts of nation building by adding 6 more of its signature townships by 2020.
Megaworld, the country’s largest developer of integrated urban townships and lifestyle communities, is set to launch six more townships this year until 2020. This will bring the company’s township portfolio to 30 by next year.
These new developments will cover an expansive land area of around 2,000 hectares. Most of these are from new land acquisitions carried by Megaworld Group’s land banking efforts during the last five years.
Five of these new expansive townships and lifestyle communities are in Luzon, while one is in Mindanao.
“Currently, we have a little over 4,000 hectares of both developed and developable land. By next year, we will increase our land ownership and land holding to more than 6,000 hectares as we continue to focus on our goal to expand to key growth areas in the provinces; help boost tourism, provide jobs, and further spur economic opportunities outside of Metro Manila,” reveals Kevin L. Tan, chief strategy officer.
From 24 in 2019 to 30 townships in 2020. Megaworld is building 5 more townships and integrated lifestyle communities in Luzon and one in Mindanao.
At present, Megaworld already has 24 townships and lifestyle communities spread across the country: Nine (9) in Metro Manila, which include Eastwood City, McKinley Hill, Forbes Town, McKinley West, Uptown Bonifacio, Newport City, Alabang West, Westside City, and Arcovia City; eight (8) in Luzon, which include Capital Town Pampanga, Eastland Heights, Twin Lakes, Southwoods City, Suntrust Ecotown, Maple Grove, Hamptons Caliraya, and Highland City; six (6) in the Visayas, which include The Mactan Newtown, Iloilo Business Park, Boracay Newcoast, The Upper East, Northill Gateway, and Sta. Barbara Heights; and one (1) in Mindanao, the Davao Park District.
The Megaworld Group is composed of mother company Megaworld Corporation and its subsidiaries Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. (EELHI), and Suntrust Properties, Inc.
Posted June 17,2019
First two towers of Park McKinley with sales inventory of almost P14-B sold out in less than a year
As property giant Megaworld experiences a spike in the demand for residential properties inside its 34.5-hectare McKinley West development in Fort Bonifacio, the company has launched a third tower for Park McKinley West, one of the residential condominium clusters in the township.
Standing 25-storeys high, the third tower of Park McKinley West offers spacious unit layouts ranging from one-bedroom (up to 70.5 square meters); two-bedroom (up to 110 square meters); three-bedroom (up to 212 square meters); four-bedroom (up to 229 square meters); and five-bedroom (up to 336 square meters).
Designed by UK-based multi-awarded architectural firm Broadway Malyan, the third tower of Park McKinley West will have generous amenities that include a swimming pool with its own pool deck, children’s pool, game and entertainment room, yoga room, outdoor yoga deck, function halls, and a fitness center. The property will also have its own roof deck garden and a skygarden at the 15th level.
“The residential market in McKinley West is growing bigger. We sold out our first tower for Park McKinley West in just two months last year, and when we launched our second tower in July, it only took us only a few months again to sell it out. Today, prices of residential units in Park McKinley West rose to almost P265,000 per square meter compared to P218,000 per square meter when we first launched it a year ago,” explains Noli D. Hernandez, senior vice president for sales and marketing, Megaworld.
The tower’s ground level will also host to some retail stores and dining establishments, providing lifestyle convenience to future residents. The residential tower will also have its own three-level parking facility.
The company is expecting to generate around P8-billion in sales from this new tower alone. The project is expected for completion in 2024.
Park McKinley West is the third residential development launched in McKinley West, just beside the upscale community of Forbes Park and the Manila Polo Club.
The company is also building two upscale mid-rise residential developments in the township: St. Moritz Private Estate and The Albany.
The township is also home to the upscale McKinley West Village, a sprawling high-end residential village.
Posted June 3, 2019
MEGAWORLD Corp. expects to generate P3 billion in sales from its upscale residential project called The Albany Yorkshire Villa in McKinley West, Taguig.
In a statement issued over the weekend, the listed property developer said The Albany Yorkshire Villa will offer 64 suites sized from 121 to 133 square meters (sq.m.) for two-bedroom and three-bedroom units, respectively.
It will also have four-bedroom penthouse units spanning 349 sq.m. each, with three levels of space and its own infinity pool.
“The Albany caters to a niche market of highly-discerning privileged few who want to live in an exclusive community of affluent urban dwellers,” Megaworld Vice-President for Sales and Marketing Mary Rachelle I. Peñaflorida said in a statement.
Megaworld engaged United Kingdom-based architectural firm Broadway Malyan for the project. Broadway Malyan is also the designer of Century City Mall in Makati, as well as other luxury residential projects inside McKinley West.
The company also noted that each unit’s master bedroom will have custom-built walk-in closet and bathtubs. Units are accessible using keycards.
Amenities at The Albany Yorkshire Villa include an infinity pool, children’s pool, in-water lounge deck, pool deck, fitness center, spa, sauna room, kids’ playground, game and entertainment room, function rooms, and outdoor cabanas.
“We carefully planned the entire development to make it a class of its own in Metro Manila’s ultra-luxury residential market,” Ms. Peñaflorida said.
Megaworld expects to complete the project by 2023.
The property firm of tycoon Andrew L. Tan in 2014 said that it will spend P45 billion to develop McKinley West Village for a span of 10 years. The company is targeting the high-income customers for the township, capitalizing on its proximity to upscale residential village Forbes Park.
Megaworld grew its net income attributable to the parent by 16% to P3.8 billion in the first quarter of 2019, after consolidated revenues also surged 15% to P14.9 billion. The company benefited from strong sales from its residential segment and the expansion of its commercial leasing unit.
The company has committed to spend P65 billion in capital expenditures this year to support property development across its 23 townships. About 20% of the budget will also be used for land acquisitions and investment properties.
Megaworld is part of Mr. Tan’s holding firm Alliance Global Group, Inc., which also has core interests in liquor, gaming, quick-service restaurants, and infrastructure development.
By Arra B. Francia.
Posted May 20, 2019