Condominium builder Megaworld Corp. said it will spend P5 billion to develop a 640-hectare property in Antipolo City, Rizal into an integrated lifestyle community.
Megaworld, through unit Global-Estate Resorts Inc., said the whole community development called Eastland Heights would include a 36-hole golf course, residential, commercial and retail projects and institutional components such as a school.
“This new community will allow Megaworld to further expand its presence in the popular area of Antipolo, which is very accessible to the major cities in Metro Manila. We capitalize on the scenic views and fresh air in this location, which can be the development’s key strengths,” Geri president Monica Salomon said.
Solomon said more than 100 hectares of the property would be allocated for residential villages while the 36-hole golf course and country club would occupy 20 percent of the entire development.
The property is known for its rolling terrains on the foot of the scenic Sierra Madre Mountain Range.
Eastland Heights will be the latest township development in the growing roster of developments that Megaworld and subsidiary brands Geri, Suntrust Properties Inc. and Empire East Holdings have built and continuously developing across the country.