First tower units sold out in just two months; property price already increased by 15-percent
Huge demand for residential properties inside the 34.5-hectare McKinley West continues even as prices have significantly increased during the past years.
Megaworld’s third residential condominium development, Park McKinley West, has sold the entire first tower just two months after it was launched in May, with total sales of around P6.5-billion.
“At present, unit prices of Park McKinley West already rose 15% to P250,000 per square meter because of the huge demand for residential properties in McKinley West. We somehow expected this considering the remarkable take-up of lots in McKinley West Village, and the brisk sales of units in St. Moritz Private Estate and The Albany. McKinley West is truly on a roll,” reveals Noli D. Hernandez, senior vice president for sales and marketing, Megaworld.
Because of this, Megaworld is launching a second tower of Park McKinley West with 478 spacious units ranging from one-bedroom (up to 48.5 square meters); two-bedroom (up to 110 square meters); three-bedroom (up to 212 square meters); four-bedroom (up to 229 square meters); and five-bedroom penthouse units (up to 336 square meters).
The 25-storey second tower of Park McKinley West will have the same amenities as the first tower, which include the lap pool and kiddie pool with own pool deck and lounge, fitness center, function rooms, yoga room and outdoor yoga deck, outdoor sitting areas, water features, children’s playground, game room and sky garden.
Total projected sales for the second tower amount to P7-billion. The project is expected for completion by 2023.
Park McKinley West is the fourth residential development launched in McKinley West, which is strategically located in the southern part of Fort Bonifacio beside Forbes Park and the Manila Polo Club.
Megaworld launched the township’s first residential development, the upscale McKinley West Village, which was sold out in just a week in 2010. Prices of McKinley West Village lots have since increased almost thrice to P200,000 per square meter.
St. Moritz Private Estate and The Albany are the other two luxury residential developments that have already been launched in the township. Prices of both developments have appreciated by almost 40% since their respective launches.