Megaworld to build low-rise condo in McKinley West

MANILA, Philippines - Andrew Tan-led Megaworld Corp. is building another residential property in the neighborhood of McKinley West following the success of its St. Moritz Private Estates, the company said yesterday.

Megaworld said Albany, a new low-density, low-rise residential tower with 64 units that have their own private balconies, would range from two-bedroom or 123 square meters to four-bedroom suites with size of up to 349 sqm.

Albany will be strategically located beside the quiet neighborhood of Forbes Park and McKinley West Village.

Megaworld tapped UK-based architectural firm Broadway Malyan to design the tower, which will feature three-level penthouse suites with their own private keycard-operated elevators that open directly to the resident’s private foyer.

Furthermore, the company said each penthouse suite will have four spacious bedrooms in the first two levels, maids’ room with own toilet and bath, five toilet and bathrooms with the master bedrooms having their own bathtubs, powder room, walk-in closets, expansive dining area with a 7.4-meter ceiling height and a roof terrace that features a private pool, relaxation deck and a grilling garden.

Every living room in penthouse suites will have a skylight ceiling for natural lighting, Megaworld added.

The two-bedroom and three-bedroom suites in the lower floors, on the other hand, will also have their private keycard-operated elevators that open directly to the resident’s private foyer, spacious bedrooms with walk-in closets, and toilet and bathrooms with personal bathtubs for the master bedroom.

The Albany’s two-bedroom suite is priced at approximately P35 million while the penthouse suite costs around P96 million, said Rachelle Penaflorida, vice president for sales and marketing of Megaworld.

 “This is Megaworld’s first residential development that exudes the superlative features of everything exclusive, private and sophisticated,” she said.

The tower will have other amenities such as a wellness spa, sauna, fitness center, entertainment and game room, infinity pool with submerged lounge deck, kids’ play park, cabanas, function halls and complimentary WiFi.

There will also be four levels of parking exclusive for the residents.

Megaworld expects to sell around P3 billion worth of residential inventory from this new development.