Property giant Megaworld Corp. announced on Monday it is allocating P30 billion to the development of a new township in Pampanga province over the next 10 years.
The township will be built on a 35.6-hectare prime property beside the Provincial Capitol compound in the City of San Fernando, Pampanga.
The site is approximately 70 kilometers away from Manila and closely accessible via the North Luzon Expressway (San Fernando exit) and Jose Abad Santos Avenue, also known as the Olongapo-Gapan Road. It is also around 20 kilometers away from Clark International Airport.
Megaworld said the master plan for the project is still being developed but added that it is bent on incorporating the Live-Work-Play concept of a township to this development.
The project is Megaworld’s 19th township development and is the fourth to be launched this year, the three other townships being the 50-hectare Northill Gateway and the 34-hectare The Upper East, both located in Negros Occidental, and the 170-hectare Santa Barbara Heights in Santa Barbara, Iloilo.
Megaworld senior vice president Jericho Go said that the Pampanga project is part of the firm’s aggressive township expansion.
“As part of our aggressive township expansion across the country, we are happy to announce our entry into Pampanga. This is the perfect time and opportunity to be present in this progressive province, where else but right at the heart of the provincial capital which is a prime location for an urban township development,” said Go.
He added that the development will integrate residential, office, commercial, retail and institutional components just like Megaworld’s other townships.
“As we see a potential pool of skilled talents for the BPO [business process outsourcing]sector in the province, we are certain to build a cyberpark, bring in our partner locators to the township and generate thousands of jobs for the people of Pampanga,” said the senior vice president.
Go stressed that the new township is envisioned “to expand and revitalize Pampanga’s Provincial Capitol district.”
The new townships will bring the total township land area of the Megaworld Group to around 3,100 hectares by the end of the year.
The Megaworld Group has around 4,000 hectares of land in its portfolio. Around 80 percent of this portfolio has been dedicated for townships or mixed-use communities, the concept of property development that Megaworld pioneered in the Philippines way back in the 1990s.