Megaworld expands in Bacolod

By Brix Lelis | The Manila Times
September 21, 2023

PROPERTY developer Megaworld Corp. is expanding its residential portfolio with the construction of a 26-story, two-tower condominium in Bacolod City that is targeted for completion in 2029.

“This new Megaworld residential property is envisioned to be another iconic landmark that will redefine Bacolod’s growing skyline, as both towers will be highlighted by illuminated crowns that dazzle at night,” Megaworld said in a statement on Wednesday.

“These illuminated crowns of both towers will also house the glass-clad sky lounges for residents to enjoy the panoramic views of the city, the mountains and seas, and the nearby islands,” it added.

The Andrew Tan-led firm said the Kensington Sky Garden would be its fifth residential development inside the 34-hectare The Upper East township in the city.

The firm estimated that the new property, which will also be its tallest residential development among its Visayas townships, would bring in about P5 billion in sales.

The new condominium will offer 643 “smart home” units and feature its own electric vehicle charging facility in the basement parking area. Megaworld said the facility would be in “preparation for the influx of electric and hybrid cars in the near future.”

The firm was also said to be eyeing the construction of the 300-room Kingsford Hotel and Upper East Mall in 2024.

Megaworld’s share price was unchanged at P1.98 each on Wednesday.