Megaworld eyes P9-B from sale of commercial lots in Cavite

MANILA -- Property developer Megaworld Corp. expects to generate PHP9  billion from the sale of lots in a new business district within its township project in General Trias, Cavite.

Megaworld is building the 35-hectare ‘Maple Grove Commercial District, which offers 363 prime lots for companies and businesses at 360 square meters to 1,008 square meters in size.

“We will be integrating skygardens on the rooftops of most buildings to be constructed. Other sustainability and green initiatives that may be integrated by lot owners into their developments will also be welcomed as we strive to make Maple Grove a ‘green city in the south,” said Rachelle Peñaflorida, vice president for sales and marketing at Megaworld.

The commercial district will have seven green and open parks across the development, including a ‘Central Park’ that will serve as a ‘green jewel’ of the commercial district.

It is scheduled for completion in 2022. After which, turnover of lots to owners will commence. Lot owners are expected to construct their buildings within five years from turnover.

Last year, Megaworld announced that it was allocating PHP10 billion to build a 140-hectare Maple Grove township in 10 years.

Aside from the commercial district, the township will have residential and recreational villages, school and other mixed-use and commercial developments, including a mall. (PNA)