PRESS RELEASE: Megaworld to build upscale neighborhood in Northill Gateway township
June 1, 2015
The 15-hectare Forbes Hill in Bacolod Citywill be Megaworld’s first luxury village outside Metro Manila
BACOLOD CITY, Philippines, June 1, 2015 – Leading integrated urban township developer Megaworld is launching its first upscale residential village in the Visayas and Mindanao in its 53-hectare Northill Gateway township in Bacolod City.
Aptly called Forbes Hill, the high-end neighborhood in the up and coming lifestyle district along the new Bacolod-Silay Airport Access Road, will soon rise in a vast 15-hectare prime portion of Bacolod side of the township. It features bigger lot sizes, wide street roads and first-class leisure and recreational amenities, promising a low-density community that evokes exclusivity and privacy to residents.
“Finally, Megaworld is rolling out a premiere residential offering for Bacolod. This is the company’s first venture for a luxury village outside of Metro Manila because we recognize the sophisticated market in this wonderful province,” says Rachelle Penaflorida, vice president for sales and marketing, Megaworld Premier Bacolod.
Only 197 lots will be sold with sizes ranging from 449 square meters to 861 square meters. Prices start at P16,000 to P17,000 per square meter.
“This means there will only be 197 homeowners or even less in Forbes Hill. This is why exclusivity and privacy are guaranteed. And this is the true promise of luxury,” explains Penaflorida.
Forbes Hill has a low density of only around 13 residential lots per hectare. Around one-third of the entire village will be allocated for open and green spaces, and roads that are 12 to 20 meter wide.
The upscale neighborhood will feature first-class amenities exclusively for its residents which include an events hall, fitness center, game room, entertainment room, lap pool, children’s pool, a gazebo park and a basketball court.
“More importantly, we are giving our residents with a wider breadth of lifestyle amenities that the entire Northill Gateway township brings – from malls and commercial centers to office spaces and educational institutions – everything will just be within reach. Megaworld is bringing its pioneering LIVE-WORK-PLAY-LEARN concept to the future residents of Forbes Hill which will be the first in Negros Occidental and Bacolod City,” adds Penaflorida.
Megaworld, along with its wholly-owned subsidiary Suntrust Properties, Inc. and in partnership with the Lacson Family, is developing the 53-hectare Northill Gateway which isenvisioned to be a refreshing lifestyle district that will house residential villages, a 7.5-hectare mixed-use office and retail development, leisure and recreational hubs as well as institutional facilities.
Through the years, Megaworld has been a known developer of upscale residential neighborhoods in Metro Manila such as McKinley Hill Village in the bustling McKinley Hill township in Fort Bonifacio, Corinthian Hills in Quezon City, McKinley West Village right beside Forbes Park and the upcoming Beverly Hills-inspired Alabang West Village in the rising township of Alabang West in Las Pinas City.
“These upscale villages have seen their prices doubling in just three to five years. McKinley West Village, for example, started selling at around P75,000 per square meter in 2010. Today, it is selling at P170,000 per square meter or a price jump of almost 130%. We expect Forbes Hill to also increase its value in the next few years as things rise within the township,” explains Penaflorida.
Forbes Hill is just 20 minutes away fromthe downtown area of Bacolod City and only around 10 minutes away from the new Bacolod People’s House through the new Circumferential Road.
It is also just three minutes away from The Ruins, 10 minutes away from University of St. La Salle, one of the biggest universities in the province, and 15 minutes away from the new Bacolod-Silay Airport.
Amidst the panoramic backdrop of the Negros mountain ranges and the vast sugarcane plantation as well as its close proximity to the famous landmark of The Ruins, Forbes Hill will rise as a neighborhood “where life becomes exceptional” because of opulence, privacy and exclusivity that it offers.