Megaworld launches P1.5-B condo in Mactan
Published Oct 23, 2018 12:00 am
By James A. Loyola
Megaworld Corporation, the country’s leading developer of integrated urban townships, is building the P1.5 billion La Victoria Global Residences–its fourth residential development in Mactan Newtown in Lapu-Lapu City, Cebu.
In a disclosure to the Philippine Stock Exchange, the firm said the 20-story project will offer 181 spacious units, all with their own balconies, overlooking the sea and the mountains.
The units will range from studios of up to 40 square meters; one-bedroom units of up to 53 square meters; two-bedroom units of up to 80 square meters; and three-bedroom units of up to 118 square meters.
Featuring an architecture inspired by Spanish edifices, the tower will reflect the historical significance of Galleon Victoria, the ship that brought Ferdinand Magellan to Cebu Island in 1521.
“Galleon Victoria arrived in the Philippines in 1521, and completed its circumnavigation of the globe in 1522. This piece of history that eventually showcased the victory of native Filipinos will be commemorated by this new residential tower inside The Mactan Newtown,” said Megaworld Cebu Properties, Inc, President Noli D. Hernandez.
He added that, “we launch this tower 500 years after Magellan was appointed captain of Galleon Victoria’s expedition and we hope to complete this in 2022 when we commemorate the ship’s 500thyear of circumnavigation.”
La Victoria Global Residences’ main lobby will be designed with elements and installations that are significant to the Spanish expedition.
The amenity deck at the third level will be highlighted by an infinity pool and kiddie pool with covered pool lounge and wooden sunbathing deck, relaxation and reading lounge, children’s play area, function room, fitness center, fitness trail and jogging path, and day care center.
The Mactan Newtown is Megaworld’s first and only township that has its own beachfront. It is currently home to almost 10,000 BPO and office workers.
It is also home to the company’s first school in Visayas and Mindanao, the Lasallian-supervised Newtown School of Excellence.
In a disclosure to the Philippine Stock Exchange, the firm said the 20-story project will offer 181 spacious units, all with their own balconies, overlooking the sea and the mountains.
The units will range from studios of up to 40 square meters; one-bedroom units of up to 53 square meters; two-bedroom units of up to 80 square meters; and three-bedroom units of up to 118 square meters.
Featuring an architecture inspired by Spanish edifices, the tower will reflect the historical significance of Galleon Victoria, the ship that brought Ferdinand Magellan to Cebu Island in 1521.
“Galleon Victoria arrived in the Philippines in 1521, and completed its circumnavigation of the globe in 1522. This piece of history that eventually showcased the victory of native Filipinos will be commemorated by this new residential tower inside The Mactan Newtown,” said Megaworld Cebu Properties, Inc, President Noli D. Hernandez.
He added that, “we launch this tower 500 years after Magellan was appointed captain of Galleon Victoria’s expedition and we hope to complete this in 2022 when we commemorate the ship’s 500thyear of circumnavigation.”
La Victoria Global Residences’ main lobby will be designed with elements and installations that are significant to the Spanish expedition.
The amenity deck at the third level will be highlighted by an infinity pool and kiddie pool with covered pool lounge and wooden sunbathing deck, relaxation and reading lounge, children’s play area, function room, fitness center, fitness trail and jogging path, and day care center.
The Mactan Newtown is Megaworld’s first and only township that has its own beachfront. It is currently home to almost 10,000 BPO and office workers.
It is also home to the company’s first school in Visayas and Mindanao, the Lasallian-supervised Newtown School of Excellence.