PROPERTY giant Megaworld Corporation expects to generate P1.5 billion in sales from a residential tower it is set to build in its 72-hectare Iloilo Business Park township, the company said on Thursday.
Megaworld has launched Saint Honore, a 10-storey condominium project with a French-inspired theme that will feature 168 units ranging from studio type to executive two-bedroom units.
“Ilonggos will get to experience the world-renowned beauty of Paris with Saint Honore. Future residents are assured of utmost exclusivity, privacy, and serene atmosphere in this first-of-its-kind residential enclave in Iloilo,” said Jennifer Palmares-Fong, vice-president for sales and marketing – Iloilo Business Park, Megaworld.
“Select units will have their own lanai or balcony with a magnificent view of the township or Iloilo skyline,” Megaworld said in a disclosure to the Philippine Stock Exchange (PSE).
Features include a lifestyle amenity deck to be located on the third floor that will offer a swimming pool, a pool lounge, a kiddie pool, a Jacuzzi, function halls and a fitness center.
The ground level will feature an atrium while a strip of boutiques and retail shops will border the ground floor area of the property. There will also be a podium parking, which will have its own driver’s lounge with washroom.
For security, the residential lobby with reception and lounge area will have closed-circuit TV (CCTV) cameras, video-phone security system in all units, and a centralized security command center for 24-hour monitoring of all building facilities and amenities.
“Saint Honore will be a short walk to and from Richmonde Hotel, Marriott Courtyard Hotel, the Iloilo Convention Center and the Festive Walk Mall. Walkability around the township is a key selling point of this development,” Palmares-Fong said.
Completion date is targeted for 2021.
Saint Honore is the sixth residential tower set to rise in Megaworld’s 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City. Other residential developments in the said township are Lafayette Parksquare and The Palladium and the three-tower One Madison Place.