Real Estate

Megaworld captures retiree market


MANILA, Philippines - After successfully opening the market for residential condominiums to mid-income families and launching the business process outsourcing (BPO) office space segment in the industry, leading property firm Megaworld Corporation blazes on another new trail, as it has started to capture a chunk of the huge market for retirees.

With the soft launch of its 8 Newtown Blvd development in its 16-hectare The Mactan Newtown project in Cebu, “Megaworld hopes to attract foreign retirees and Filipinos who have spent decades working abroad to consider staying in the Philippines for their golden years. With the sensible design of our units and amenities that carefully take into consideration the needs of retirees, Megaworld perhaps has come up with the benchmark for retirement communities in the country, after which all future developments will be compared,” declared Megaworld VP for Marketing and project head Clifford Legaspi.

Minimalism extends to the sleeping den in this artist’s rendition of a studio unit of 8 Newtown Blvd.

Modern and minimalist are what best describe the architectural aesthetic of the project and its overall feel. The four 15-story buildings sport clean lines and a white façade. The four-floor podium level will host commercial spaces on the ground floor and BPO offices, while residential units will start on the fifth floor to the 15th level.

Retirees can choose between executive studio units at approximately 40 square meters and one-bedroom units at about 50 square meters. All units come with balconies so that residents can enjoy the fresh sea breeze. Units can also be combined to two or three bedrooms for even bigger living spaces.

All units will be delivered pre-furnished with premium items such as LCD TV, split-type air conditioning, dining set and bed frame with mattress “to make it extremely convenient for our foreign and Filipino retirees to move in and feel at home in the Philippines,” according to Legaspi.

Residents will have an entrancing vista to meditate and commune with nature at the Japanese garden.

Once they move in, residents will undoubtedly enjoy spending quality time at the fifth-level play deck. Watch the sun rise while swimming at the horizon-edge pool. Have a hot bath at the onsen room. Exercise their green thumbs at the Japanese garden. Meditate at the rock garden. Share stories at the tea room. Hobbyists can also perfect their paper art creations at the origami room and their flower arrangements at the ikebana room.

And since this is a top retirement community, 8 Newtown Blvd will also host a Wellness Center that will address the residents’ medical and health requirements.

Retirees and investors may call Megaworld at (+632) 856-4220 or 856-4221 for more information on the strong prospects of 8 Newtown Blvd as a retirement community.











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