Megaworld expands residential portfolio in Makati

MANILA -- Property giant Megaworld Corp. is further expanding its presence in the Makati Central Business District (CBD), as it turns over 1,000 residential units in the area with a total sales value of PHP9 billion.

“We continue to look for more opportunities to build more residential properties within Makati CBD because there is still high demand. Rental rates remain high as well,” said Eugene Em Lozano, first vice president for sales and marketing of Megaworld Makati CBD.

The Megaworld Group, which also includes subsidiary Empire East Land Holdings, Inc., currently has 30 buildings all over Makati City.

Four more residential towers are currently under construction, namely:  Salcedo Skysuites, San Antonio Residence, Greenbelt Hamilton Tower 2 and The Ellis.

“We have started the turnover process middle of this year and our goal is to complete this at the soonest possible time,” said Lozano.

To date, Megaworld has around 4,000 residential units that have already been turned over from its various condominium projects within Makati CBD. (PNA)