It’s another opportunity to indulge in a much sought live-work-play-beach lifestyle that remains unrivaled in the country today.
The Pearl Global Residences— a 20-storey residential tower to rise within The Mactan Newtown in Lapu Lapu City, Cebu—offers more coveted spaces for those who aspire to either settle down and set their roots, or invest in a thriving community that aptly places a premium on the quality of life and convenience of having practically everything within easy reach.
“The Pearl Global Residences will showcase the Filipino pride to the world. We got the name from the country’s title of ‘Pearl of the Orient’. As we expect more visitors and tourists to come to The Mactan Newtown in the coming years, we want this tower to be one of the icons of Filipino pride inside our development,” said Noli D. Hernandez, president of Megaworld Cebu Properties, Inc.
This latest project from property giant Megaworld is the fifth residential development and the 11th residential tower to rise in this sprawling township. It will offer a total of 222 units, which will add to the existing 1,836-unit inventory inside The Mactan Newtown. As with the other high rises here, The Pearl Global Residences will surely be one the most coveted addresses in Cebu today.
How so? Foremost is fact that The Pearl Global Residences, which will near the road leading to the historic Lapu-Lapu Shrine, is part of a thriving 30-hectare township that offers a modern urban landscape and natural attractions. The Mactan Newtown itself presents the quintessential lifestyle of the modern urban dweller, given its complete offering of top-grade office sites, retail and commercial centers, upscale residential developments, hotels, a reputable academic institution, and its very own beachfront, reportedly a unique facet in a township setting.
Today, Megaworld has already launched a total of 11 residential towers. It is home to five office towers with a total inventory of around 81,000 sqm, and the 547-room Savoy Hotel Mactan, the first hotel to open here. Two more hotels and the Mactan Newtown Beach Walk, a unique concept of mall development on a cliff by the seaside, are set to open over the next several years.
Anyone who thus wants to be part of The Mactan Newtown’s dynamic, robust growth would surely aspire to be here, to grab this latest opportunity to own a home in such a community.
Homebuyers and investors can choose from The Pearl Global Residences’ generous mix of unit choices with sizes ranging from 40 sqm to 116 sqm: it can be an executive studio with either a balcony or a lanai; a one-bedroom and executive one-bedroom with balcony; a two-bedroom with balcony or lanai; or a three-bedroom with balcony.
Apart from the prospect of having that distinct advantage of living within one of the most dynamic townships in Cebu, future residents will also get to enjoy first rate amenities that The Pearl Global Residences will offer.
To help provide a more holistic lifestyle for future residents, this residential high rise will have an adult pool and kiddie pool, a fitness center, outdoor lounge and seating areas, children’s play area, function room, game room, reading nook, and co-working spaces.
The roof deck will house an outdoor lounge and garden, a dry bar, and a viewing deck, where residents and guests can enjoy the stunning, priceless views of the Cebu mountains, the Magellan Bay and the Hilutungan Channel, the nearby islands, and the Lapu-Lapu Shrine.
Indeed, there is so much to look forward to when The Pearl Global Residences gets completed by 2025, as it will clearly be the latest showcase as to why Cebu continues to retain its luster and attractiveness as a destination, despite the emergence of many other city centers elsewhere in the country.
Beyond just making a sale, Megaworld is more importantly offering a new opportunity to have an enhanced, more holistic lifestyle well suited to meet the demands of an ever evolving landscape.
Written by Amy R. Remo of Philippine Daily Inquirer, 04:00AM February 15, 2020
MANILA, Philippines — Megaworld Corp. is expanding its residential footprint in Cebu amid steady demand brought about by strong economic growth.
The company launched the 20-story The Pearl Global Residences, its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.
The 20-story residential tower is expected to be completed in 2025 and will generate P2.3 billion in sales.
It will add 222 units in the existing 1,836 residential unit inventory in the township.
Megaworld Cebu Properties Inc. president Noli Hernandez said the new project bodes well for the township which continues to attract visitors.
“The Pearl Global Residences will showcase the Filipino pride to the world. We got the name from the country’s title of ‘Pearl of the Orient’, and as we expect more visitors and tourists to come to The Mactan Newtown in the coming years, we want this tower to be one of the icons of Filipino pride inside our development,” Hernandez said.
To date, Megaworld has already launched 10 residential towers from four residential condominium developments in Mactan Newtown.
The township is also home to five office towers with a total office inventory of around 81,000 square meters.
Just last year, Megaworld opened its first hotel in the township, the 547-room Savoy Hotel Mactan.
It is expected to open two more hotels inside the township in the next two years as it continues to ramp up its hotel footprint.
Megaworld said the latest project would be the 11th residential condominium tower to rise inside Mactan Newtown, which has its own beachfront.
The new residential tower offers different sizes: executive studio with either a balcony (up to 40 square meters); one-bedroom and executive one-bedroom with balcony (up to 59 sqm); two-bedroom with balcony or lanai (up to 80 sqm) and three-bedroom with balcony (up to 116 sqm).
The project will rise near the road leading to the historic Lapu-Lapu Shrine and will offer residents with amenities at the second level.
These include adult and kiddie pools, fitness center, outdoor lounge and seating areas, children’s play area, function room, game room, reading nook and co-working spaces.
Iris Gonzales (The Philippine Star) January 15, 2020, 12:00 AM
Amanda Rufino Carpo (center)
As the new coronavirus (COVID-19) pandemic triggers extraordinary volatility in global financial markets, real estate may be a good option for yield-seeking investors looking to hedge against risks, the co-founder of KMC Solutions said.
Amanda Carpo of KMC Solutions, provider of private offices, co-working space and staff leasing, said real estate still had strong potential to give its investors good returns no matter the macroeconomic backdrop.
“Real estate investment is a good idea to diversify your investment portfolio. Equities are much more volatile and carry more risk in general, and real estate can help manage volatility and risk and make your investments more efficient,” Carpo said in a statement.
“More than ever, investors need to understand the effects of volatility. That is what we will be experiencing in the near future,” she said.
A survey by global public opinion and data company, YouGov, recently ranked real estate as the third safest investment next to gold and certificates of deposit. Carpo said such confidence came with good reason. “Property gives owners flexibility on how to earn—it is not just about buying or selling. Investors can remodel or renovate for rentals or for lease among many other options,” she said.
It was noted that real estate was historically a better investment than stocks, based on the research “The Rate of Return on Everything, 1870-2015,” which tracked historical data spanning over a century, residential real estate generally delivered better returns than equity at lower volatility and lower correlation to the performance of stocks in the market.
“These days, it is hard to look at the performance of the stock market and not want to pull your money out. When you pull your money out however, you cement your losses,” said Carpo. “It’s important to stay invested, it’s important to diversify, and real estate can be a good defensive play. There will be economic recovery once society can open up again, and that will happen eventually.”
Carpo sees local real estate turning to be one of the more resilient sectors in the economy despite the COVID-19 health crisis.
On the residential space, sustained real demand for housing from local and foreign workers in the Philippines is seen to keep the market afloat given favorable demographics.
“Condominiums have an advantage over other real estate as developers situate their properties in areas where demand is already strong. This, partnered with the attractive amenities and potential for market appreciation, add to their appeal,” said Carpo.
Further, she said condominium owners could fit their properties to leverage off special industries such as co-living arrangements as well as the strong and steady market for student housing.
“At KMC Solutions we believe there will be sectors of the real estate market that will feel the pain of COVID-19 more than others, such as hotel, hospitality and retail. Industrial, logistics, office and residential will be better off,” Carpo said. “In terms of office space, which is the sector we are in, companies that are now forced to work from home will need to look into distributed workforce and business continuity planning.”
Global companies that are cutting costs will turn to business process outsourcing (BPO) services and automation, which can indicate a good economic turn for the Philippines, she said.
“We believe the Philippines has consistently proven its value over time and more companies will adopt to outsourcing and working with remote teams. We experienced this when we started the company, in the face of the 2008 global recession,” Carpo said.
While the current market situation is causing uncertainty, Carpo said investors must be proactive with their assets. With real estate, this could mean flexibility—adjusting to current demand—while anticipating opportunities for healthier returns as soon as the market bounces back, she stressed.
“KMC has always tried to provide beautiful and healthy workspaces. Companies will be forced to re-think their spaces for safety and sanitation for the safety of their employees, but this will likely be a long-term trend toward spaces that are now more than ever focused on health, well-being and productivity. We could see changes in design as the way we live, work, and interact will be changed by this virus. The underlying value is that health is wealth.” INQ
Written by Doris Dumlao-Abadilla of Philippine Daily Inquirer, May 04, 2020 - 04:05 AM