Megaworld’s Cebu project to generate P2.3B sales

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    The Pearl Global Residences.
    The Pearl Global Residences.

    Megaworld Corp. expects to generate P2.3 billion in its new residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.

    Called The Pearl Global Residences, this 20-storey development will add 222 units in the existing 1,836 residential unit inventory in the township. It will be the 11th residential condominium tower to rise inside The Mactan Newtown, which has its own beachfront.

    Megaworld said the project offers a mix of units: executive studio with either a balcony or a lanai (up to 40 square meters), one-bedroom and executive one-bedroom with balcony (up to 59 sq.m.), two-bedroom with balcony or lanai (up to 80 sq.m.), and three-bedroom with balcony (up to 116 sq.m.).

    It will rise near the road leading to Lapu-Lapu Shrine. It will feature amenities at the second level that include an adult pool and kiddie pool, fitness center, outdoor lounge and seating areas, children’s play area, function room, game room, reading nook, and co-working spaces.

    “At the roof deck, there will also be an outdoor lounge and garden, a dry bar, and a viewing deck where residents and guests can enjoy the panoramic views of the Cebu mountains, the Magellan Bay and the Hilutungan Channel, the nearby islands, and the Lapu-Lapu Shrine,” Megaworld said.

    The residential tower is expected to be completed by 2025.