123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Megaworld Says 80% Of Maple Grove Commercial Lots Sold

Profile Picture
By Author: Arra B. Francia
Total Articles: 39
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

January 22, 2018 | 12:01 am
Arra B. Francia
MEGAWORLD Corp. has seen a brisk take-up for commercial lots in its 140-hectare township in General Trias, Cavite, noting 80% of the P9 billion worth of lots for sale have been purchased.
The Andrew L. Tan-led property developer said in a statement more than 250 out of the 360 commercial lots for sale in Maple Grove Commercial District has already been sold, 45 days after it was unveiled in November 2017.
“We have received an overwhelming tranche of booked sales for this project during the past days, even during the holidays. It really did not come as a surprise to us because even before we have announced this, we have already received a lot of inquiries,” Megaworld Vice-President for Sales and Marketing Mary Rachelle I. Peñaflorida said in a statement.
The commercial district covers 35 hectares within the Maple Grove township, which is also set to have residential, institutional, and retail components. Lots range in size from 360 square meters (sq.m.) to 1,008 sq.m., as Megaworld develops the area into a central business district similar to that of Makati.
“General Trias, Cavite is a rising growth center and everyone is looking forward to the new proposed CBD that we will build… We envision this to be the ‘Green City of the South,’ because of its numerous sustainability features and environment-friendly amenities,” Ms. Peñaflorida said.
Maple Grove is less than an hour away from Makati via Coastal Road and the Cavite Expressway, and is accessible through Sangley Point, where the government is proposing to rehabilitate the existing Sangley Airport in order to ease congestion in Ninoy Aquino International Airport.
Amenities within the commercial district include seven green and open parks, one of which will be called Central Park.
Megaworld looks to complete development of the commercial district in 2022, after which turnover will start. The company expects lot owners to develop their buildings within five years after they have been turned over.
The listed firm has earlier announced that it will be spending P10 billion over the next 10 years for the development of Maple Grove. This is the company’s fourth project in the Cavite-Batangas area, where it has a land bank of more than 2,000 hectares.
Megaworld’s revenues grew 5% to P37.1 billion in the first nine months of 2017, boosted by higher rental income. Attributable profit accordingly rose 11% to P9.98 billion, against the P8.98 billion it posted in the same period a year ago. — Arra B. Francia

Source : https://www.bworldonline.com/megaworld-says-80-maple-grove-commercial-lots-sold/

For more information, please visit us at www.megaworldproperties.com

Total Views: 37Word Count: 419See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Kumar Builders-best Builders In Pune-ready Possession Flats In Pune
Author: kumar builders

2. Which Mistakes Are Needed To Be Avoided If You Want To Sell Your House Fast?
Author: Rick Lopez

3. Benefits Of Living In A 55+ Community In Pittsburgh, Pa
Author: Charter Homes & Neighborhoods

4. Scaffolding Supports Start-up Construction Work And Helps To Save Time And Money
Author: Shahid Hussan

5. Ways To Find A Peaceful Home Communities In Fairburn, Ga
Author: Heatherland Homes

6. Affordable 2 Bhk Flats (1064-1276 Sq.ft) For Sale In Kompally With Modern Amenities
Author: kamal prakash

7. Buy An Apartment With Lifestyle And Healthcare Features In Raymond Tenx Habitat In Mumbai
Author: Siya Sharma

8. What Are The Important Facts Regarding The Real Estate Commissions?
Author: Rick Lopez

9. Reputation Over Repercussion
Author: Chirag Dash

10. Surfside Travels
Author: surfsidescrentals

11. The Many Benefits Of Inventory Reports Software
Author: Minesh Patel

12. Why Choose A Community Close To Bethany Beach, De?
Author: Liberty by Fernmoor Homes

13. 1100 Sq.ft Standalone Independent House For Sale In Dammaiguda, Hyderabad @ 5500/sq.ft
Author: kamal prakash

14. 7 Advantages Of Living In The Gated Communities
Author: Aurobindo Realty

15. Commercial Spaces In Hyderabad: A Popular Investment Trend
Author: Aurobindo Realty

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: