For first 5 months of 2018, reservation sales already reached P73-b
Property giant Megaworld and its subsidiary brands are launching new residential projects with a total value of P80-billion this year, doubling that of last year’s P39-billion worth of launches.
This record launch of residential projects by Megaworld, which includes subsidiaries Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc., and Suntrust Properties, Inc., spans across various township developments and key cities all throughout the country.
Approximately 70% of this year’s new launches will come from parent company Megaworld, which has earmarked new projects in Arcovia City in Pasig City; Capital Town in Pampanga; Iloilo Business Park in Iloilo City; Maple Grove in Gen. Trias, Cavite; The Upper East in Bacolod; Westside City in Paranaque City; McKinley West and Uptown Bonifacio in Taguig; as well as in Makati CBD and Manila City.
Global-Estate Resorts, Inc., on the other hand, is set to cover around 15% of the new launches in Twin Lakes near Tagaytay; Southwoods City in Biñan, Laguna; and in Ortigas CBD.
Suntrust Properties, Inc. is set to take up the remaining balance through residential launches in Quezon City, Cavite, Davao, Baguio and in Bicol Region.
‘This record launch of new residential projects in a year is intended to further boost our aggressive position as the country’s top residential developer. There is no better time to expand our residential offerings across the country but now, when the economy is sound and healthy, and our country is experiencing the infrastructure boom,” says Kevin L. Tan, senior vice president, Megaworld.
As of end-May, Megaworld and its subsidiaries have already achieved reservation sales for its residential offerings amounting to P73-billion. The group has seen robust demand in its townships such as Westside City in Pasay City, McKinley West in Taguig City, Maple Grove in General Trias, Cavite, and Iloilo Business Park in Iloilo City, among others.
In 2017, Megaworld’s residential business comprised 70-percent of its entire revenue pie, growing around 4.5% to P34.6-billion year-on-year.
This year, Megaworld is expected to spend P60-billion to finance its various development projects including residential developments, as well as for land acquisition and other investment properties.
Property developer Megaworld is officially starting the construction of FactSet’s regional headquarters in McKinley West after formally breaking ground on Jan. 16.
The groundbreaking at the site was attended by Megaworld Senior Vice President Jericho P. Go and FactSet Chief Executive Officer Philip Snow.
The 17-storey FactSet Tower is located along Le Grand Avenue in McKinley West, and will offer 48,000 square meters of office space. Set to be a LEED-certified Green building, it’s slated for completion in early 2020.
Present during the groundbreaking ceremony were Joselito A. Asturiano, area manager, Datem; Lesley E. Villanueva, business development manager/ design and built head, Datem; Nico B. Angeles, leasing manager, Megaworld; Victor S. Verdillo, vice president, Megaworld, Jericho P. Go, senior vice president, Megaworld John Wiseman, executive vice president, FactSet; Claudine T. David, managing director, FactSet; Mara Garcia-Morales, regional facilities manager, FactSet.
FactSet will be setting up its head quarters at the One Legrand tower along Legrand Avenue, Mckin;ey West.
This article was first published in Inside World Newsletter January 2018.
25-storey Park McKinley West to offer spacious unit layouts of up to 336-square meters
Megaworld, the country’s leading developer of integrated urban townships, has launched a new residential development in its 34.5-hectare McKinley West township development in Fort Bonifacio.
Rising along the township’s Le Grand Avenue, the 25-storey Park McKinley West offers spacious unit layouts ranging from one-bedroom (up to 48.5 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 penthouse units (up to 336 square meters).
“In this residential development, we focused on a wider choices of unit layouts to cater to the varying requirements of urban condo dwellers who are looking for properties in this side of Fort Bonifacio,” says Noli D. Hernandez, senior vice president for sales and marketing, Megaworld.
The new residential tower also offers generous amenities to its residents. Aside from the standard facilities such as swimming pool (lap pool and children’s pool), fitness center and function rooms, Park McKinley West will have wellness amenities that include a Yoga Room and Outdoor Yoga Deck. Other amenities include a pool deck with pool lounge chairs, outdoor sitting areas, water features, children’s playground, game room and a Sky Garden at the 15th floor.
“From seasoned achievers to young professionals and executives, and rising entrepreneurs, Park McKinley West becomes a testimony of everyone’s accomplishment in life. We are tapping on this new generation of accomplished individuals to live in this rising business district,” adds Hernandez.
Megaworld’s sales projection for this new residential tower is at P6.5-billion. The project is expected for completion by 2022.
Park McKinley West is the third residential development launched in McKinley West located in the southern part of Fort Bonifacio beside Forbes Park and the Manila Polo Club.
St. Moritz Private Estate and The Albany are the two other residential developments that have already been launched in the township.
Both developments have been awarded the Best Universal Design and High Commended for Best Luxury Development in Metro Manila, respectively, at the Philippines Property Awards.