Megaworld launches P6.5-billion McKinley West residential project

MANILA, Philippines — Tycoon Andrew Tan’s flagship property firm Megaworld has launched a P6.5-billion residential project in its 34.5-hectare McKinley West township development in Fort Bonifacio. 

The new tower, the 25-story Park McKinley West, will rise along the township’s Le Grand Avenue and will offer units with the following sizes: 48.5-square meter one-bedroom unit, a two-bedroom unit with 110 sqm, three-bedroom unit with a size of up to 212 sqm, four-bedroom with 229 sqm and a five-bedroom penthouse with up to 336 sqm.

Noli Hernandez, Megaworld senior vice president for sales and marketing, said the project would offer wider units.

“In this residential development, we focused on wider choices of unit layouts to cater to the varying requirements of urban condo dwellers who are looking for properties in this side of Fort Bonifacio,” Hernandez said.

The project is targeted for completion by 2022.

Park McKinley West is the third residential development launched in McKinley West located in the southern part of Fort Bonifacio, besides Forbes Park and the Manila Polo Club. 

St. Moritz Private Estate and The Albany are the two other residential developments that have already been launched in the township. 

The new residential tower also offers different amenities to its residents. Aside from the standard facilities such as swimming pool (lap pool and children’s pool), fitness center and function rooms, Park McKinley West will also have wellness amenities that include a yoga room and outdoor yoga deck.  

Other amenities include a pool deck with pool lounge chairs, outdoor sitting areas, water features, children’s playground, game room and a Sky Garden at the 15th floor.

“From seasoned achievers to young professionals and executives, and rising entrepreneurs, Park McKinley West becomes a testimony of everyone’s accomplishment in life. We are tapping on this new generation of accomplished individuals to live in this rising business district,” Hernandez said.

Megaworld built up its net income by 12.5 percent to P3.3 billion in the first quarter of 2018 from P2.9 billion during the same period last year. 

Consolidated revenues grew close to 10 percent to P13.1 billion in the first three months from P12 billion during the same period a year ago.

Comprising around 70 percent of its consolidated revenues, the company’s residential business likewise grew about six percent in the first quarter, to P8.8 billion from P8.3 billion during the same period the previous year.