Megaworld to launch Makati condos in 2015
Property developer Megaworld recently announced that it sold 2,346 residential units from its six residential projects in the Makati Central Business District (CBD) over the past six months, namely, One Central, Two Central, Paseo Heights and SalcedoSkySuites in Salcedo Village; and Greenbelt Hamilton 1 and Greenbelt Madison in Legaspi Village.
It plans to launch three more residential projects until 2016. The new residential towers will be part of the company’s efforts to increase the portfolio of property developments in the country’s premier financial hub to more than 30 towers by 2016.
“The official reports the good economic condition since last year is largely felt in Makati CBD,” said Eugene Em Lozano, Megaworld’s vice president for sales and marketing. “The office spaces are getting filled up and the retail industry is on its all-time high. That is why our residential condominiums, all located in premium addresses, are also on high demand,” said Lozano.
Megaworld has around 27 office and residential towers in its portfolio in the country’s financial center.
This year, the company is completing Two Central, a 29-storey residential tower along Valero Street in Salcedo Village, with a total of 408 residential units.
To date, construction of the 30-storey Paseo Heights fronting the Salcedo Park and the 50-storey Three Central along Valero Street, which will house its own podium mall, is on full-swing. Both towers are expected for completion by 2017 with a total of 992 units.
The first tower of Greenbelt Hamilton, which is near Legazpi Park, is also under construction, and is scheduled for completion next year. The second tower, which is now almost sold out, is up for completion in 2019. Both towers will have a total of 601 units.
The 32-storey SalcedoSkySuites is scheduled for completion by 2018 with a total of 241 units.
“As Makati continues to establish itself as the top location for real estate investment, we are poised to expand its residential condominium portfolio in this premiere city,” said Lozano.