Megaworld expands residential portfolio


    Megaworld is expanding its residential portfolio inside the 72-hectare Iloilo Business Park (IBP) in Mandurriao, Iloilo City.

    Set to be the only residential condominium to rise right within the township’s boutique hotel and commercial district is The Pinnacle, Megaworld’s sixth residential property inside IBP. This 20-storey condominium is the ideal property for those who are looking for a home that can also double as a prime investment.

    Property values at IBP has seen as much as 127 percent increase from 2013 to 2020.

    “Since we started selling our first residential condominium tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3 million, 40-square meter unit seven years ago would see their property appreciating to about P6.8 million today,” said Jennifer Palmares-Fong, vice president for sales and marketing, Megaworld Iloilo.

    Pinnacle is offering a total of 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.

    The tower’s fifth 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.

    The Pinnacle is due for completion in 2026.

    In the past seven years, Megaworld has launched other residential condominium towers in IBP: One Madison Place, Lafayette Park Square, The Palladium, Saint Honore and Saint Dominique.

    Aside from the residential condominiums and office towers currently located in the township, IBP also hosts world-class hotels in Richmonde Hotel Iloilo and Courtyard by Marriott Iloilo; Festive Walk Iloilo; the Iloilo Convention Center; the IBP Transport Hub; and the Iloilo Museum of Contemporary Art .

    IBP was named “Best Township Development” at the 2018 Philippines Property Awards.