Megaworld Corp. of tycoon Andrew Tan said it is ready to turn over P30 billion worth of residential projects in Fort Bonfacio, Taguig this year, its biggest handover to date.
Megaworld said in disclosure to the stock exchange it would deliver 2,300 residential units to buyers from five condominium developments within three townships projects in Fort Bonifacio.
“This is so far our biggest inventory for turnover in Fort Bonifacio within a year. These projects are primarily located in our three bustling townships where demand for residential projects continues to go up, primarily fueled by the migration of several corporate offices within the Fort district,” said Megaworld senior vice president for sales and marketing Noli Hernandez.
Residential projects ready for turnover include Florence Tower 1, Viceroy East Tower and The Venice–Giovanni Tower in McKinley Hill; St. Moritz Private Estate in McKinley West; One Uptown Residence; and Uptown Ritz in Uptown Bonifacio.
Viceroy East Tower, The Florence and the Venice Luxury Residences boast of their strategic location surrounding the iconic Venice Grand Canal in McKinley Hill.
The three residential developments are also within walking distance from educational institutions, such as Enderun, Chinese International School and Korean International School, as well as from several office towers where companies like United Health Group, Wells Fargo, Samsung, Abbott and Concentrix hold operations.
One Uptown Residence and Uptown Ritz, meanwhile, are strategically linked to Uptown Mall and Uptown Parade in Uptown Bonifacio, while St. Moritz Private Estate is the first residential tower development to rise in McKinley West.
Megaworld in 2017 also delivered 1,000 residential units in Makati Central Business District with a total sales value of P9 billion. These projects include the 30-storey Paseo Heights and the 50-story Three Central, both in Salcedo Village in Makati CBD.
Megaworld is the largest single landholder and developer in Fort Bonifacio with four integrated urban townships covering 107 hectares, namely McKinley Hill, McKinley West, Uptown Bonifacio and Forbes Town.
Megaworld earlier announced plans to spend P122.5 billion in capital expenditures for 2018 and 2019 to expand its residential, office, hotels and malls businesses as well as for land banking activities.
