Megaworld sets P10B for Alabang project

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MEGAWORLD Corp. is investing P10 billion to develop its 15th township project in Alabang for the next five years.

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Jericho P. Go, Megaworld senior vice president, said on Monday that the project, dubbed Alabang West, will be developed through Megaworld subsidiary Global Estate Resorts, Inc. (GERI).

Tapping Megaworld’s expertise in township developments, GERI is constructing a 1.3-kilometer commercial and retail row in Alabang West, Go said, adding that the project was inspired by Hollywood’s famous Rodeo Drive in California.

The township project will be developed in a 62-hectare prime property near the booming Alabang business and commercial district.

Go said GERI will integrate a Beverly Hills-themed lifestyle concept into its commercial and residential developments.

“Soon to rise will be a themed township that highlights the best of Hollywood, specifically Beverly Hills. We envision this development to be the next big thing in Alabang,” he said.

Beside the stretch of Rodeo Drive will be an exclusive Alabang West Village with 788 residential lots ranging in size from 250 square meters to 800 square meters.

“This is a perfect haven to those seeking the cosmopolitan vibe away from hustle and bustle of Metro Manila,” said Go.

Rachelle Penaflorida, Megaworld Global-Estate vice president for sales and marketing, said the firm considers the project as “posh” and “really big.”

“Alabang West Village will be a posh neighborhood that is distinctly Alabang, inspired by the glitz and glamour of Hollywood’s Beverly Hills,” she said.

The village will have a huge clubhouse complex with amenities that include badminton and basketball courts, function rooms, cabanas, game room, café and al fresco dining areas, a fitness center, pocket gardens, open space parks, infinity pool, among others.

Strategically located at the heart of Alabang’s high-end communities and golf course, Alabang West is accessible through the the South Luzon Expressway-Alabang Exit and the upcoming Daang Hari Exit.

Its location allows everyone to move around the Metro within minutes as they can easily access the major business districts of Makati and Fort Bonifacio, Penaflorida said.

Alabang West is Megaworld’s 15th township in its portfolio, which includes the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West; 50-hectare McKinley Hill; 15.4-hectare Uptown Bonifacio; and 5-hectare Forbes Town Center in Fort Bonifacio.

The other projects are the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo; 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc.; and GERI’s 561-hectare Southwoods City in the boundaries of Cavite and Laguna; 150-hectare Boracay Newcoast in Boracay Island; and the 1,300-hectare Twin Lakes in Tagaytay.

Megaworld has been known for developing fast-selling high-end residential villages such as McKinley Hill and McKinley West villages in Fort Bonifacio, Corinthian Hills in Quezon City, and Pahara in Southwoods City. RITCHIE A. HORARIO

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