Megaworld expects more buyers of Cebu properties
DUE to the recognition given to many Cebu properties during the recent 2016 Philippines Property Awards, Manila-based developer Megaworld Corp. said Cebu’s property market can expect to attract more buyers.
Megaworld Corp.’s 8 Newtown Boulevard was awarded “Best Condo Development in Cebu” during the 2016 Philippines Property Awards held recently in Makati City.
The four-tower residential cluster also received two awards in the Design Category. These are the “Best Residential Interior Design” and “Best Landscape Architectural Design.”
“We are very happy for this major award given to 8 Newtown Boulevard. This just shows a glimpse of the kind of exciting, world-class projects that Megaworld is bringing to The Mactan Newtown, our first and only township by the beach,” said Noli D. Hernandez, Megaworld Cebu Properties, Inc. president.
Harold Geronimo, Megaworld assistant vice president and public relations and communications head, said the recent awards will encourage more developers to offer something new and unique to the market, raising condominium projects standards.
He said Cebu is already attracting a lot of investors and the awards will help further push Cebu’s condominium market higher.
“The Philippines Property Awards is one of the highly-recognized award giving bodies in the country organized by Property Report, Asia’s leading luxury real estate, architecture and design magazine and the awards only cements Cebu’s image as a place where you can find the best condominium products,” he said.
8 Newtown Boulevard is the first residential development at the 30-hectare Mactan Newtown. Geronimo said the Cebuano market can expect for more unique offerings from the company.
Geronimo said they expect to complete Plaza Magellan Tower 1 within this year and start operating and accepting enrollees at The Newtown School of Excellence.
“Construction of One Pacific Residences is also ongoing and by end of the year, we are targeting to break ground for Plaza Magellan Mall,” he said.
They are also developing a temporary pavilion at the beachfront area to cater to the growing population of workers in the outsourcing companies now operating in their property occupying space at One World Center and Two World Center.
“They are now in thousands and we are expecting their numbers to grow with more space opening soon at Pacific World Tower and 8 Newtown Boulevard. They need a place to do their team building activities so we’re setting up a temporary pavilion to be completed hopefully within the month,” Geronimo said.
Geronimo said turnover of the residential units at 8 Newtown Boulevard is also ongoing.
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