MANILA, Philippines - Megaworld Corp. will launch three more residential projects in the Makati central business district (CBD) until next year.
Eugene Em Lozano, Megaworld vice president for sales and marketing for Makati CBD, said the new residential towers will be part of the company’s efforts to increase its portfolio of property developments in the country’s premier financial hub to more than 30 towers by 2016.
“As Makati continues to establish itself as the top location for real estate investment, Megaworld is poised to aggressively expand its residential condominium portfolio in this premiere city,” he said.
Lozano said Megaworld remains bullish on Makati CBD ‘s residential market following a “remarkable” take up of its residential units in the area over the last three years.
“The good economic condition that the country enjoys since last year is largely felt in Makati CBD. The office spaces are getting filled up and the retail industry is on its all-time high. That is why our residential condominiums, all located in premium addresses, are also on high demand,” Lozano said.