PROPERTY giant Megaworld will continue to develop more properties in the regions this year as the company gears up for a new concept in property development.

Boracay Newcoast

Megaworld senior vice president Jericho Go revealed that the company’s direction this year is to further look into opportunities outside Metro Manila by expanding offerings in the existing townships and introducing a new concept in developing raw land.

Go said the concept of ‘integrated lifestyle communities’, which was introduced when the company, through its subsidiary Global-Estate Resorts, Inc. (GERI), announced Eastland Heights late last year, will further propel the company’s innovative stance in property development. This Megaworld signature concept is different from a township as it replaces the ‘work’ component into a leisure and tourism.

“When we say leisure and tourism, we mean amenities that allow our residents to enjoy living with extended amenities such as golf course or even a natural park,” explains Go.

Eastland Heights is an expansive 640-hectare property along Marcos Highway in Antipolo City that has its own iconic 36-hole golf course and country club. The hilly property offers panoramic views of the Metro Manila skyline in a refreshing, green environment.

After Eastland Heights, Megaworld and its subsidiary brands are looking into developing more ‘integrated lifestyle communities’ in other locations that they own.

“We still have remaining landbank in the provinces. We see the potential of converting these raw land with this new development concept,” says Go.

“The demand for residential spaces in our regional townships remains high. The demand for office spaces continues to grow. The demand for retail spaces, especially in the provincial growth centers, is increasing these past two to three years. We see the next five years to be very exciting in the regions,” adds Go.

Aside from the ‘integrated lifestyle community’ of Eastland Heights, Megaworld has 21 integrated urban townships all throughout the country. Twelve of these developments are located outside Metro Manila.

Five townships are in Luzon, particularly Twin Lakes near Tagaytay, which is the company’s largest tourism township that has the size of more than half of the entire Makati City; Southwoods City near the boundaries of Cavite and Laguna; Suntrust Ecotown in Tanza, Cavite, which is the company’s first industrial township; Maple Grove in General Trias, Cavite; and The Capital Town in the City of San Fernando, Pampanga.

Another six developments are in the Visayas, namely, The Mactan Newtown in Lapu-Lapu City, Cebu; Iloilo Business Park in Mandurriao, Iloilo City; Sta. Barbara Heights in Sta. Barbara, Iloilo; Boracay Newcoast in Malay, Aklan; Northill Gateway and The Upper East in Negros Occidental.

The first township in Mindanao, the Davao Park District, is now being developed in Lanang, Davao City. On the other hand, nine of its townships are in Metro Manila, namely, Eastwood City, which is known to be the country’s first cyberpark; McKinley Hill, McKinley West, Forbes Town and Uptown Bonifacio in Fort Bonifacio; Arcovia City along C-5 in Pasig City; Newport City in Pasay City; Alabang West in Las Pinas City; and the up and coming Westside City in the Entertainment City in Paranaque.

By BusinessMirror | JANUARY 12, 2017