Download Annual Report
$US 1.00 = Php 44.435
Dec. 20, 2013
Megaworld’s communities have always been regarded as some of the most well-planned, well-designed and well-developed in the country. Providing the very essence of “The Good Life,” Megaworld’s integrated townships provide not only the comfort and convenience that residents need but also additional perks that make living highly enjoyable as well. It is no wonder that Megaworld has earned the distinction of being the country’s largest residential condominium developer on top being the country’s top BPO office developer and landlord.
Eastwood City has already become an icon in the local property development arena. It is Megaworld’s first-ever integrated township project that offers complete facilities, amenities, and establishments for living, working, playing, and shopping. Indeed, Eastwood City is the very first “live-work-play” community in the Philippines and is Megaworld’s most successful township project to date
Eastwood City is 18 hectares of prime community property with 15 completed luxury condominium towers, 10 first-class corporate office buildings, seven ongoing residential projects, and a modern IT park. The community is also home to more than 25,000 residents and more than a hundred office tenants and BPO office companies.
Eastwood City’s IT park is the Philippines’ first-ever IT park and the first project to be granted special economic zone status by the Philippine Economic Zone Authority (PEZA). The Eastwood City CyberPark was established to meet the growing demand for prime office space with facilities that support IT-based operations. As such, the cyberpark became home to several IT-based companies, medium-sized BPO firms, and other corporate offices that require IT-based office infrastructure.
Eastwood City has been so successful in more ways than one that it has earned for itself the distinction of being the top employer and dollar-earner among all the 70 IT special economic zones in the Philippines.
That's not to say, however, that Eastwood City is pure business. There are elements of fun in the community as well. Take the Eastwood Mall, for instance. The mall
has become the center of middle-class and affluent shopping not only within the township itself but also in the vicinity of Quezon City as well. Adjudged the “Best Shopping Center of 2010 and 2012” by the Philippine Retailers Association, the Eastwood Mall has four levels of commercial space housing several upper-class boutiques, specialty shops, a huge atrium, restaurants, and seven modern cinemas. The mall definitely provides a complete shopping experience, especially with its Central Park, a wide open area with a botanical garden and a lagoon which adds a bit more class to the shopping experience.
Eastwood City was launched in 1997 and was met with cynicism among property development critics since it was situated literally in the middle of nowhere. But what started as a textile mill plant back then is now a continuously growing mega-township that is envisioned to be a sprawling community of 20 high-rise residential towers housing 8,087 condominium units upon its completion. Moreover, it will have more than 270,000 square meters of high-grade office buildings and 60,000 square meters of entertainment and retail space. With everything going for it, Eastwood City has definitely become a standard that other aspiring mega-communities should be able to live up to.
Forbes Town Center is a P15-billion, five-hectare mega-township in Bonifacio Global City and is one of the newest landmarks to emerge in that newest center of business in Metro Manila. Forbes Town Center has 12 residential towers which will house more than 3,500 units upon completion. The community is adjacent to the Manila Polo Club and Forbes Park, as well as the Manila Golf and Country Club which gives the residents of Forbes Town Center a panoramic
half-a-kilometer-long view of its golf course.
The focal point of activity in Forbes Town Center is the aptly named Forbes Town Road, a retail strip with 37 restaurants and shops that cater to the diverse needs of residents of the community’s three Bellagio towers, the six towers of Forbeswood Heights, the two towers of Forbeswood Parklane, and the 53-story Eight Forbes Town Road Golf View Residences.
Forbes Town Center’s newest attraction is the Burgos Circle, a leisure spot with residential condominiums and a small park. The Burgos Circle is designed for the young and hip residents and visitors of the community. The Burgos Circle has establishments that serve young professionals working or living in the community and which allow them to grab a quick lunch during weekdays or have
breakfast before or after their shifts.
If there is one community that abides perfectly with Megaworld’s “live-work-play-learn-shop” development concept is McKinley Hill, a huge 50-hectare township in Fort Bonifacio, Taguig City. McKinley Hill is by far Megaworld’s largest and most important development project in Metro Manila and is designed to be the perfect community with complete residential and office facilities and amenities.
Upon its completion, the community will have single-detached homes, townhouses, a mid-rise condominium, high-rise luxury residences, BPO office buildings, a Venetian-themed mall, and a special events venue. All these projects are ongoing and are in different stages of development. In fact, McKinley Hill will have 34 residential condominium buildings with a total of around 4,713 condominium units, 482 residential lots, and 18 different offices with a total area of around 300, 000 square meters.
Moreover, McKinley Hill hosts three international schools—the Chinese International School of Manila, the first English-Mandarin bilingual school in the country; the Enderun Colleges, a world-renowned hospitality management school; and the Korean International School, the first-ever Korean school in the country—and three international embassies: the British, Korean, and Qatar embassies.
The focal point of business activity in the community is the 14-hectare McKinley Hill CyberPark, a sprawling PEZA-accredited economic zone. The cyber park is home to the corporate headquarters of some big-name companies as well as several BPO buildings like One World Square, Two World Square, and Three World Square.
These three BPO buildings boast scalable layouts that allow the edifices to be customized to the needs and preferences of BPO and call center tenants.
The McKinley Hill CyberPark also hosts other BPO-suited buildings like the 18 and 20 Upper McKinley Road Buildings, 8 Park Avenue, and the Commerce and Industry Plaza, which is one of the biggest BPO buildings in the community. The Plaza features 15 levels of open-plan floors with 2,000 square meters of uninterrupted office space, perfect for modular workspace layouts of BPO offices. The Philippine Chamber of Commerce and Industry aptly has its head office in the building.
One of the most important residential projects in McKinley Hill is The Venice Luxury Residences, which was designed to capture the visual grandeur and the romantic ambience of the Italian city after which it named. The Venice features seven residential towers, each one designed to resemble a fèrro –the gondola’s uniquely shaped iron head.
Another major attraction in The Venice is the man-made Grand Canal, the first of its kind in the country, where one can ride in an authentic gondola while taking in the unique sights of reconstructed Venetian landmarks and enjoying the music of singing gondoliers.
The community’s other residential projects, all in varying stages of completion, are the McKinley Hill Village, the Spanish-Mediterranean-inspired McKinley Garden Villas, the Stamford Executive Residences, the Italian-themed Tuscany, the affordable yet luxurious Woodridge Residences, the three-tower Morgan Suites Executive Residences, and the four towers of The Viceroy.
The focal point of activity inside the community is The Venice Piazza, an upscale Italian-inspired mall in McKinley Hill Town Center, the community’s commercial center. The Venice Piazza is strategically located near the residential towers and was designed to provide the “shop” element of the community’s “live-work-play-learn-shop” principle. The mall also features replicas of well-known Venetian icons like the St. Mark’s Clock Tower, one of Venice’s most recognizable landmarks.
Megaworld is also currently developing Uptown Bonifacio in Bonifacio Global City under a joint venture arrangement with the Bases Conversion and Development Authority. The 15.4-hectare Uptown Bonifacio is Megaworld’s newest township project in the area and is envisioned to be a huge community of modern condominiums, offices, and
To be developed in phases, Uptown Bonifacio will have 500,000 square meters of residential space, 400,000 square meters of office space and 90,000 square meters of commercial space upon completion. The very first residential development project in the community was launched in 2011 and is called One Uptown Residence, a 45-story, 660-unit condominium that is expected to be completed in 2016.
McKinley West is Megaworld’s newest mega-township project. The groundbreaking 34.5-hectare mixed-use community development is located in the former Jusmag property in Fort Bonifacio, behind Forbes Park, and stands
as one of the largest projects of Megaworld to date.
Megaworld will be investing around P22 billion over the next 20 years to develop the huge McKinley West property. Around 60 percent of the entire area will be used for residential development projects while the rest will be used for leisure amenities, access roads and wide open spaces with lush greenery. This project will bring the total development portfolio of Megaworld at the Bonifacio Global City to around 105 hectares.
Situated at the Araneta Center in Quezon City, Manhattan Garden City stands out as the very first transit-oriented residential development project in the country. In fact, Manhattan Garden City was designed to seamlessly integrate with the city’s mass-transit system. Launched in 2006, Manhattan Garden City also stands as Megaworld’s share in the Quezon City government’s redevelopment plan for the once-glorious Araneta Center, the city’s premier
commercial center back in the 60s and 70s.
The sprawling 5.7-hectare complex is also considered the largest single residential development in the country to date with a total of about 9,000 units upon completion. The complex features a 720-meter elevated garden walkway that connects the City’s 20 towers. Another first in Philippine real estate development, the walkway links the condominium complex to the Light Rail Transit 2 and Metro Rail Transit 3 systems, providing residents with easy access to trains bound for other parts of Metro Manila.
Still a work in progress, Manhattan Garden City is envisioned to revive the former glory of Araneta Center and transform it again into a popular family destination as it once was.
Newport City is probably one of the busiest real estate development projects of Megaworld in recent times. Since its official launch in 2005, the 25-hectare Newport City has grown to become a world-class tourist city, the first of its kind in the country.
This development project is designed to fully integrate luxury residences with prime office spaces and a world-class entertainment complex, and is located in Pasay City, right across from the Terminal 3 of the Ninoy Aquino International Airport (NAIA).
Several projects are currently under construction in the complex including The Residential Resort, which will host 16 medium-rise buildings with a total floor area of around 140,000 square meters; The Palmtree Villas, which will have four 10-story luxury condominium buildings made mostly of glass with bedroom units that offer a refreshing view of gardens and recreational facilities; and 101 Newport Boulevard, a condominium project with four clusters rising 10 stories each. Upon completion, Newport City will have a total of over 6,100 world-class condominium units.
The Focal point of serious business activity in the community is the Newport City CyberPark, designed to accommodate BPO offices, cargo logistics services, and other airline-related businesses that require proximity to the airport. Aside from hosting the offices of renowned companies and new BPO firms, the cyber park is also home to the Star Cruises Centre, the area’s very first locator and home to the offices of Megaworld affiliate Travellers International
Hotel Group Inc. and Genting Hong Kong, formerly known as Star Cruises Ltd.
Undoubtedly, the heart and soul of Newport City is Resorts World Manila, the country’s first integrated tourism estate. Resorts World Manila is a 12-hectare joint project of AGI subsidiary Travellers International and Genting Hong Kong, an Asian leader in the resort business. The leisure complex has come to be known as the “Leisure Capital of the Philippines,” complete with an upscale shopping mall, multi-cultural fine dining restaurants, a state-of-the-art performing arts theater that features international acts and world-class musicals, and a first-class gaming center.
Resorts World Manila also has three modern hotels for local and international travelers: the five-star Marriott Hotel; the six-star all-suites Maxims Hotel, the first of its kind in the country; and the budget-class three-star Remington Hotel.
Newport City has definitely grown to be an important tourist attraction in the country. After only seven years of development, the complex now has first-rate buildings, state-of-the-art facilities, world-class attractions, and top-notch show offerings. As the projects within Newport City slowly reach completion, the complex is expected to contribute even more to reviving the country’s tourism industry in the years to come.
Cityplace is definitely one of the most important real estate development projects in the Binondo area in recent years. For one thing, the 2.5-hectare residential and commercial complex is the largest and most modern real estate development project in that part of Manila in the last 20 years. Moreover, it is envisioned to bring back the former glory of Old Manila by improving and modernizing the area’s aging landscape and creating what may be deemed as the “New Chinatown,” combining the best of the old and new worlds.
One of the attractions within the Cityplace complex is the newly opened Lucky Chinatown Mall, a world-class shopping center offering Hong Kong-style shopping that’s perfect for Filipinos. The new five-level mall—the first full-scale establishment of its kind in the area—features 168 shops and restaurants, a supermarket, and an arcade. Spanning 108,000 square meters, the mall also has four state-of-the-art movie houses for 2D and 3D screening and a cinema with reclining love seats.
Projects in Makati CBD and San Juan
Since its inception, Megaworld’s main strategy has always been to develop untapped locations and mold them to become active centers of business and commerce or beautiful residential communities. This doesn’t mean, however, that the Company doesn’t tap established business and residential areas as well.
As such, complementing the aforementioned six major communities of Megaworld are its residential projects in the cities of Makati and San Juan.
Megaworld’s ongoing projects in Makati City are the 31-story Greenbelt Madison, located on Salcedo Street in Legaspi Village near Ayala Avenue; the Greenbelt Chancellor, a 35-story condominium project, the Company’s very first pre-furnished condominium in Makati City; the Greenbelt Excelsior, a 35-story residential tower in Legaspi Village; Three Central, a 51-story residential tower on Valero Street in Salcedo Village; and the new Paseo Heights,
a 30-story condominium in Salcedo Village. Megaworld has a total of 15 projects in Makati City, in varying stages of completion.
In turn, Megaworld’s project in San Juan is aptly named Greenhills Heights, an exclusive community of 215 residential units designed for families who want a private refuge in a low-density community but still within the city. Greenhills Heights is located near the Pinaglabanan Shrine and is composed of four clusters of seven- and eight-story buildings.
The Mactan Newtown
In a huge step to broaden its reach and bring its highly successful “live-work-play-shop” development
concept to the province, Megaworld launched a new township project in Cebu named The Mactan Newtown, the company’s first major community development outside Metro Manila. The Mactan Newtown is a sprawling 25-hectare mega-community that combines office spaces, luxury condominiums, leisure amenities, retail shops, and a hotel in one setting like most of Megaworld’s communities. The Mactan Newtown is just minutes away from the Mactan-Cebu International Airport, the country’s second largest international airport. This is a definite boon for businessmen, BPO
executives, and frequent travelers.
The community also features a cyber park, which is home to several office buildings like the recently completed One World Center, a five-level office building that offers more than 6,000 square meters of office space, and the newly launched Two World Center, which has around 6,500 square meters of available office space. The cyber park will also be home to Eight Newtown Boulevard, Pacific Garden Tower, and Pacific World Tower, all of which host prime BPO offices.
The Mactan Newtown is also adjacent to Shangri-La Mactan and Portofino and is near the Magellan Bay, thus offering residents easy access to beaches and resorts. On the other hand, the nearby Marcelo Fernan Bridge links the community to more commercial centers and establishments in the larger island of Cebu.
Iloilo Business Park
In line with Megaworld’s efforts to extend its reach to provincial centers, the company also launched a major project in Western Visayas particularly in Iloilo City, the region’s business and commercial center. The project is dubbed the Iloilo Business Park, a sprawling 72-hectare mixed-use development project in Mandurriao, Iloilo City.
On a piece of prime property that used to be a major airport, Megaworld intends to put up first-class hotels, a commercial area, a modern lifestyle mall, BPO office buildings, and a convention center a can accommodate thousands of people.