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Megaworld Eyes P6.5-b Sales From Bonifacio Project

By Author: Arra B. Francia
Total Articles: 39

MEGAWORLD Corp. is targeting young professionals and executives for its third residential tower inside its McKinley West township in Fort Bonifacio, Taguig City, looking to generate P6.5 billion in sales from the project.
The Andrew L. Tan-led property developer on Thursday launched Park McKinley West, a 25-storey residential tower that offers units with one to five bedrooms.
“From seasoned achievers to young professionals and executives, and rising entrepreneurs, Park McKinley West becomes a testimony of everyone’s accomplishment in life. We are tapping on this new generation of accomplished individuals to live in this rising business district,” Megaworld Senior Vice-President for Sales and Marketing Noli D. Hernandez said in a statement.
Each unit is sized anywhere from 48.5 square meters, 110 sq.m., 212 sq.m., 229 sq.m., and 336 sq.m., depending on the number of rooms.
Amenities include a lap pool and children’s pool, fitness center, function rooms, a pool deck with pool lounge chairs, outdoor sitting areas, water features, children’s playground, game room, and a Sky Deck on the 15th floor. It also added wellness amenities such as a Yoga Room and Outdoor Yoga Deck.
Megaworld aims to complete the project by 2022.
Park McKinley West follows the development of Megaworld’s first two residential buildings in McKinley West, namely St. Moritz Private Estate and The Albany.
Launched in 2015, St. Moritz Private Estate is a two-tower, nine-storey development in McKinley West. Megaworld said earlier this year that it will start turning over the project’s units this year.
Meanwhile, The Albany is a low-rise residential tower that offers 64 units, each with a private balcony. The project is expected to generate P3 billion in sales.
McKinley West is the company’s P45-billion township covering 34.5 hectares. The mixed-use estate sits directly beside Forbes Park and Manila Polo Club.
Megaworld delivered an 11.3% increase in attributable profit for the first three months of 2018 to P3.2 billion, supported by a 10% climb in revenues to P13.1 billion. The company attributed the growth to its residential and office businesses.
Shares in Megaworld gained 6.81% or 31 centavos to P4.86 each at the Philippine Stock Exchange on Thursday. — Arra B. Francia

Source : https://www.bworldonline.com/megaworld-eyes-p6-5-b-sales-from-bonifacio-project/

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

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