New dev’t to generate P1.5-billion in residential sales
Property giant Megaworld is expanding its residential portfolio inside its 72-hectare Iloilo Business Park township in Iloilo City.
The company recently launched its 6th residential development, The Pinnacle, right along the prestigious row of hotels and corporate towers in the township. This will add 574 residential units to the 1,741 units in the current residential inventory in Iloilo Business Park.
The Pinnacle is a 20-storey residential condominium tower offering 572 units, ranging from studio (up to 34 square meters), studio with loft (up to 56 square meters), executive studio with loft (up to 73 square meters), one-bedroom (up to 40 square meters), executive one-bedroom (up to 61 square meters), two-bedroom (up to 84.5 square meters), two-bedroom with loft (up to 89.5 square meters), and two-bedroom with deck (up to 113.5 square meters).
“Iloilo City, particularly Iloilo Business Park, remains to be an attractive location for property investments. Since we started selling our first residential condo tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3-million unit with a size of 40 square meters seven years ago would see their property appreciating to P6.8-million today,” says Jennifer Palmares-Fong, vice president for sales and marketing, Megaworld Iloilo.
The tower’s 5th 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.
Due for completion in 2026, The Pinnacle is expected to generate P1.5-billion in sales for the company.
During the past seven years, Megaworld has launched other residential condominium towers in Iloilo Business Park, which include the three-tower One Madison Place, Lafayette Park Square, The Palladium, Saint Honore, and Saint Dominique./PR