Urban township developer Megaworld is building its fourth residential development in the 30-hectare Mactan Newtown in Lapu-Lapu City, Cebu. The 20-storey La Victoria Global Residences will offer 181 units ranging from studio of up to 40 square meters; one-bedroom units of up to 53 square meters; two-bedroom units of up to 80 square meters; and three-bedroom units of up to 118 square meters. Featuring an architecture inspired by Spanish edifices, the tower will reflect the historical significance of Galleon Victoria, the ship that brought Ferdinand Magellan to Cebu Island in 1521, who was eventually defeated by the forces of Filipino warriors led by Lapu-Lapu. Total sales for this fourth residential project in the township are expected to reach P1.5-billion. In late 2011, the company launched its first residential development, 8 Newtown Boulevard, which eventually won as best luxury condo development in Cebu in the 2016 Philippines Property Awards, and the outstanding residential high-rise development in the 2016 Real Estate and Property Awards by FIABCI-Philippines. The Mactan Newtown is Megaworld’s first and only township that has its own beachfront. It is currently home to almost 10,000 BPO and office workers. It is also home to the company’s first school in Visayas and Mindanao, the Newtown School of Excellence.