Megaworld condo project in Mactan 95% sold, says company

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Monday, January 14, 2013

MEGAWORLD has announced that it has sold 95 percent of One Pacific Residence condominium in Mactan, Cebu. This success has called for the upcoming launch of the development’s new cluster on the first quarter of this year, the company said in a press statement.

Located in Lapu-Lapu City, the new cluster will have the property’s amenities. These include a 20-meter-long pool, aqua gym, rock climbing wall, yoga/taichi area and pocket gardens. The condominium will also include One Pacific Square, a retail area at the ground level, which will feature stores and boutiques.

“We are bringing luxury and lifestyle convenience to new heights. One Pacific Residence will showcase the best of ‘Newtown’ living,” said Noli Hernandez, president of Megaworld Cebu Properties, Inc.

Formally unveiled to the public last August, One Pacific Residence “was met with positive response from the Cebuanos, including Lapu-Lapu City Mayor Paz Radaza,” Megaworld said.

“Megaworld’s investment in Lapu-Lapu City is the bright beacon that will catapult the metropolis to become an economic force to reckon with,” Radaza said.

This residential project is part of Megaworld’s newest township in Cebu, The Mactan Newtown that incorporates the company’s pioneering ‘live-work-play’ concept. “This formula has spawned the unprecedented triumph of its townships in Manila–Eastwood City, McKinley Hill and Newport City,” the company said.

The 16-hectare township will be home to IT and BPO offices. The company said it aims to turn Mactan into one of Cebu’s bustling IT business hubs.

“The success of the recent grand launch of the McDonald’s The Mactan Newtown, serves as a precursor to the series of upscale entertainment hotspots, five-star hotels and posh shopping spaces which are all soon-to-rise within the township,” the company said. (PR)

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Published in the Sun.Star Cebu newspaper on January 15, 2013.