Township developer Megaworld Corporation expects to generate P5 billion in revenues from the launch of its fifth residential condominium development inside its 34-hectare The Upper East township in Bacolod City.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said the 26-storey Kensington Sky Garden will be its tallest residential development among Megaworld’s Visayas townships to date.

It will be a two-tower residential development offering 643 "smart home" units located at the corner of Upper East Avenue and Bentley Street.

This new Megaworld residential property is envisioned to be another iconic landmark and both towers will be highlighted by illuminated crowns that will house the glass-clad sky lounges for residents to enjoy the panoramic views of the city, the mountains and seas, and the nearby islands.

Kensington Sky Garden’s units range from from Studio and Executive Studio (up to 40 square meters), One Bedroom (up to 56 sqm.), Two Bedroom (up to 90 sqm.), and Three Bedroom (up to 110 sqm.). All unit sizes have either a balcony or a lanai. 

Each unit at Kensington Sky Garden will be equipped with a wireless smart home system and devices with WiFi routers that can be accessed remotely using a dedicated phone app for the comfort and convenience of the residents. 

This technology allows residents to control several unit features, such as lighting fixtures and other smart appliances in the living, kitchen, and dining areas as well as the bedroom.

The second level will serve as the central amenity area for both towers. Among the amenities include an adult pool and kiddie pool, pool bar, landscaped areas, outdoor fitness area and children’s play area, gazebo, and reading nooks, fitness center, daycare center, as well as game and entertainment room, all for the enjoyment of its future residents.

There will also be a private dining hall that has its own bar and kitchen for intimate dining events and gatherings, and a function room that can accommodate up to 126 persons in a banquet setting.

Located at the 14th and 26th levels of each tower will be sky decks while a shared outdoor sitting lounge can be found at the 5th level.

The ground level exterior will also feature several retail spaces, and two basement levels will be allocated for parking.

Another unique feature of this residential property will be its own electric vehicle (EV)-charging facility in its basement parking area, the first of its kind in Bacolod City, in preparation for the influx of electric and hybrid cars in the near future.

Other green and sustainability features, including low flow rate fixtures to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, LED lights for units and common areas, rainwater harvesting system, and its own materials recovery facility.

Megaworld is expecting to complete the project in 2029.

By next year, the company is also expected to start the construction of the 300-room Kingsford Hotel and the highly anticipated Upper East Mall.