Property developer Megaworld Corp. said Thursday it will turn over more than 1,000 condominium units in the Makati central business district this year with total sales value of P9 billion.
Megaworld said in a disclosure to the stock exchange it was ready to deliver to buyers the condominium units from the 30-story Paseo Heights and the 50-story Three Central both in Salcedo Village.
“We have started the turnover process middle of this year and our goal is to complete this at the soonest possible time,” said Eugene Em Lozano, first vice president for sales and marketing of Megaworld for Makati CBD.
Megaworld last year delivered to buyers 800 residential units in Makati CBD from the Two Central and Greenbelt Hamilton Tower 1 projects.
Megaworld has delivered more than 4,000 residential units from various condominium projects within the Makati CBD to date.
Aside from Two Central and Greenbelt Hamilton Tower 1, these projects also include One Central, Paseo Parkview Towers 1 and 2, One Lafayette Square, Two Lafayette Square, The Manhattan Square and The Salcedo Park Towers 1 and 2 in Salcedo Village; and Greenbelt Chancellor, Greenbelt Excelsior, Greenbelt Madison, Greenbelt Parkplace and Greenbelt Radissons in Legazpi Village.
Four more residential towers are under construction, including Salcedo Skysuites, San Antonio Residence, Greenbelt Hamilton Tower 2 and The Ellis.
The Megaworld Group has 30 residential and office buildings all over Makati City, making it one of the biggest property developers in the country’s premier financial center.
“We continue to look for more opportunities to build more residential properties within Makati CBD because there is still high demand. Rental rates remain high as well,” Lozano said.
Megaworld launched the east wing of its San Antonio Residences project located along Sen. Gil Puyat Ave. and Calle Malugay in San Antonio Village, Makati.
The project offers 478 units with units ranging from studio to three-bedrooms with sizes ranging from 26 square meters to 93 sqm.
Scheduled for completion in 2020, the project is expected to generate P4.5 billion in sales, which makes it one of the company’s biggest residential condominium developments in Makati.