Megaworld Corp. expects to generate P1.5 billion from the sixth residential tower in its 72-hectare Iloilo Business Park in Iloilo City.
Due for completion in 2026, the 20-storey The Pinnacle will stand right along the prestigious row of hotels and corporate towers in the property.
“This will add 572 residential units to the 1,741 units in the current residential inventory in Iloilo Business Park,” the company said.
The Pinnacle will offer 572 units, ranging from studio of up to 34 square meters (sq.m.); studio with loft, up to 56 sq.m.; executive studio with loft, up to 73 sq.m.; one-bedroom, up to 40 sq.m.; executive one-bedroom, up to 61 sq.m.; two-bedroom, up to 84.5 sq.m.; two-bedroom with loft, up to 89.5 sq.m.; and two-bedroom with deck, up to 113.5 sq.m., Megaworld said.
“Iloilo City, particularly Iloilo Business Park, remains to be an attractive location for property investments. Since we started selling our first residential condo tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3-million unit with a size of 40 sq.m. seven years ago would see their property appreciating to P6.8-million today,” said Jennifer Palmares-Fong, Megaworld Iloilo vice president for sales and marketing.
Fong said The Pinnacle’s 5th floor amenity deck “boasts of generous amenities that include a lap pool and kiddie pool, fitness center, outdoor fitness area, function room, outdoor lounge, daycare center, children’s play area, jogging path, private dining room, and an atrium garden.”
“The property will also have a three-level podium parking facility with its own driver’s lounge,” she said.
In the past seven years, Megaworld has launched other residential condominium towers in Iloilo Business Park, which include the three-tower One Madison Place, Lafayette Park Square, The Palladium, Saint Honore, and Saint Dominique.
