Megaworld launches P1.5-B Iloilo condo

Published July 19, 2020, 10:00 PM

by James A. Loyola

Top urban township developer Megaworld Corporation continues to expand its residential portfolio inside its 72-hectare Iloilo Business Park with the launch of a P1.5 billion condominium tower.

In an statement, Megaworld said its sixth residential development in the Iloilo Business Park, The Pinnacle, is located along the prestigious row of hotels and corporate towers in the township.

This will add 574 residential units to the 1,741 units in the current residential inventory in Iloilo Business Park.

The  20-storey residential condominium tower’s offering includes studio (up to 34 square meters), studio with loft (up to 56 square meters), executive studio with loft (up to 73 square meters), one-bedroom (up to 40 square meters), executive one-bedroom (up to 61 square meters), two-bedroom (up to 84.5 square meters), two-bedroom with loft (up to 89.5 square meters), and two-bedroom with deck (up to 113.5 square meters).

“Iloilo City, particularly Iloilo Business Park, remains to be an attractive location for property investments,” said Megaworld Iloilo Vice President for Sales and Marketing Jennifer Palmares-Fong.

She added that, “Since we started selling our first residential condo tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3 million unit with a size of 40 square meters seven years ago would see their property appreciating to P6.8-million today.”

The tower’s fifth floor amenity deck boasts of generous amenities that include a lap pool and kiddie pool, fitness center, outdoor fitness area, function room, outdoor lounge, daycare center, children’s play area, jogging path, private dining room, and an atrium garden.

 The property will also have a three-level podium parking facility with its own driver’s lounge.

The Pinnacle is Due for completion in 2026.