Megaworld’s latest venture will increase their township portfolio to 19.
Property developer Megaworld Corporation is spending Php 30 billion to develop an integrated township in a 35.6-hectare land next to San Fernando, Pampanga. This will be the brand’s 19th township to date, and the fourth to have been launched in 2015.
“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,” Megaworld senior vice president Jericho Go said.
Located 70 kilometers from Manila and 20 kilometers from the Clark International Airport, the area can be accessed through the North Luzon Expressway and the Jose Abad Santos Avenue (Olongapo-Gapan Road).
Plans for the Pampanga township are still in the works, but Megaworld stresses that, like their other townships, it will also carry the company’s live-work-play concept. According to Go, the brand envisions the upcoming development to “expand and revitalize the Pampanga’s provincial capitol district.”
“Just like our other townships, we will integrate residential, office, commercial, retail and institutional components in this development,” Go noted.
As for the possibility of increasing employment opportunities in the province, he explained, “As we see a potential pool of skilled talents for the BPO 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.”
This year aslo saw the launch of three other townships, namely the 50-hectare Northill Gateway and the 34-hectare The Upper East, both in Negros Occidental; and the 170-hectare Santa Barbara Heights in Sta. Barbara, Iloilo. Together with the Pampanga township, these developments will add 3,100 hectares to Megaworld’s township portfolio.
Megaworld’s first township is Eastwood City in Quezon City, recognized as the country’s pioneering cyberpark. The company’s roster of townships include Newport City in Pasay, Uptown Bonifacio in Taguig, ArcoVia City in Pasig City, Mactan Newtown in Cebu, and Davao Park District in Davao City. Under its subsidiary Global-Estate Resorts, Inc. (GERI) are Boracay Newcoast in Boracay Island, Twin Lakes in Tagaytay, and Southwoods City in the boundaries of Cavite and Laguna. With another subsidiary, Suntrust Properties, Inc., Megaworld has Suntrust Ecotown in Cavite.