Megaworld expands residential condo portfolio in Makati CBD
August 1, 2014
Megaworld, the country’s biggest residential condominium developer and top BPO landlord, is expanding its portfolio of residential condominiums in the Makati Central Business District (CBD). In the next three to five years, the property giant is completing four new residential towers in Makati CBD, adding an estimated 2,000 brand new units in the condominium inventory for Makati City due to the strong market demand. These include Two Central, Three Central and Paseo Heights in Salcedo Village; and Greenbelt Hamilton in Legazpi Village.
“There is a continuing expansion of multinational companies and growth of the expatriate population in the country. Through the years, there has been a remarkable increase in the number of business process outsourcing (BPO) and offshoring companies. Thus, the demand for residential condominiums in the Makati CBD remains high. Makati City, especially the CBD area, remains to be the top choice among local and foreign condo buyers and investors,” says Eugene Lozano, head of sales and marketing for Makati CBD, Megaworld.
The company reports strong take up of units of its four new residential condominium towers. At present, its super high-end residential property along Valero Street, Two Central, is already sold out. The third tower, Three Central, which is also located along Valero Street and will house the first upscale community mall in Salcedo Village, is now 85% sold. Paseo Heights, another residential tower which will rise in a prime location fronting the famous Salcedo Park, is now 65% sold; while another tower which will rise along Legaspi Street in Legazpi Village, Greenbelt Hamilton, is already 75% sold.
“Our residential condominiums in Makati are within the prime locations of the central business district, not in the outskirts of the city. So we tell our buyers: why get a Makati condo away from the CBD if you can have everything here already. At the end of the day, location is key. Condos in Makati CBD definitely provide higher return of investment if you decide to rent it out or re-sell in the future compared to those outside the CBD,” stressed Lozano.
This year, the company is completing the 50-storey One Central luxury condominium with a total of 708 units.
To date, the company has a total of 18 buildings around Makati City, mostly in the central business district. By 2017, the total number of buildings by Megaworld is expected to reach 26 in the Makati CBD alone.
“We have built a strong track record as the country’s largest developer in the last two decades. We are looking at more opportunities to further expand our portfolio in the Makati CBD by growing our landholding. We will definitely continue to build more residential towers in the country’s financial center,” Lozano points out.
To further ensure the highest quality of its residential condominiums, Megaworld has exclusively partnered with some of the country’s best building contractors with “AAA” accreditation such as EEI Corporation and Datem. It has also tapped some of the world’s renowned brands such as HansGrohe, Kohler and Elba for bathroom and kitchen fixtures of some of its super high-end properties.
For more inquiries on Megaworld’s Makati CBD properties, call (0917) 887-6223 or visit www.megaworldmakaticbd.com.