Megaworld to launch Tower 2 of Park McKinley West

MANILA, Philippines — Megaworld Corp. continues to enjoy strong demand for residential projects inside the 34.5-hectare Mckinley West despite the rise in prices.

 Because of strong demand, Megaworld is launching the second tower of Park McKinley West with 478 spacious units ranging from one-bedroom to five-bedroom penthouse units.

 The company has already sold out the first tower of its third residential condominium development, Park McKinley West, just two months after it was launched in May, with total sales of around P6.5 billion.

 The strong demand has pushed an increase in unit prices of Park McKinley West which already rose 15 percent to P250,000 per square meter.

 “We somehow expected this considering the remarkable take-up of lots in McKinley West Village, and the brisk sales of units in St. Moritz and The Albany. McKinley West is truly on a roll,” said Megaworld senior vice president for sales and marketing Noli Hernandez.

 The second tower of Park McKinley West will have total projected sales of P7 billion and will be ready for completion by 2023.

 One-bedroom units offer up to 48.5 sqm, two-bedroom units (110 sqm), three-bedroom (212 sqm), four-bedroom (229 sqm), and five-bedroom penthouse units (336 sqm).

 With 25-storys, the 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.

 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 sqm.

 The other two luxury residential developments that have been launched in the township are St. Moritz Private Estate and The Albany.   Prices of both developments have appreciated by almost 40 percent since their respective launches.