Megaworld builds sixth tower in Mactan Newtown

CEBU, Philippines — Property giant Megaworld Corporation is building its sixth tower inside the 30-hectare Mactan Newtown township in Mactan, capitalizing on the high buyers’ interest to own properties in Cebu, particularly beachside residences.

A 17-story tower called Positano Mactan provides an additional 301 residential condominium units within the township, announced Jennifer Palmares-Fong, Megaworld Visayas first vice president for sales and marketing, during the project’s introduction to Cebu media.

“This residential project is inspired by the elegance and beauty of the picturesque Italian seaside destination of the Amalfi Coast that carries the same name. We continue to see an overwhelming demand for living spaces here at The Mactan Newtown, which is why we have chosen to offer this concept to further highlight the island vibe and the exciting lifestyle that residents have come to love in this master-planned township,” said Palmares-Fong.

Affirming analysts’ impression that the Philippine real estate market, particularly Cebu will see a dramatic rise in buyers’ demand from local to foreign nationals, Palmares-Fong said, the company expects high sales turn-out of these Italian-inspired “smart homes.”

Megaworld expects to generate around P2-billion in sales from Positano Mactan, which is scheduled for completion in 2028.

Currently, The Mactan Newtown hosts more than 2,000 residential condo units from nine existing towers and two soon-to-rise developments and nearly 81,000 square meters of gross leasable office spaces.

The township also features two hotel properties from Megaworld Hotels’ & Resorts, the country’s largest operator of homegrown hotel brands. These are the 18-storey Savoy Hotel Mactan and the 20-storey Belmont Hotel Mactan, which offer a combined 1,097 rooms in total.

There’s also the La Sallian-supervised Newtown School of Excellence, Inc. (NSEI) inside The Mactan Newtown.

Soon, a convention center, a museum, and a two-level ‘beach mall’ will also rise in the township to offer more leisure and accommodation options for visiting travelers.

The 17-storey Positano Mactan will offer 301 ‘smart home’ units in varying types with sizes ranging from Studio (up to 33 square meters), Executive Studio (41 square meters), One Bedroom (up to 51.5 square meters), Executive One Bedroom (up to 61 square meters), Two Bedroom (up to 78 square meters), and Three Bedroom (up to 141 square meters).

The project will also offer other unit types that will be seen for the first time at The Mactan Newtown. These include One Bedroom Loft (up to 81.5 square meters), Two Bedroom Loft (136.5 square meters), Three Bedroom Bi-Level (up to 166 square meters), Three Bedroom Loft (189.5 square meters), and Three Bedroom Loft with Terrace (up to 264.5 square meters). All units will have their own cooktop burners, with two-bedroom and three-bedroom units having their own built-in ovens. Split-type air-conditioning units will come standard in both the living and dining areas across all units.

A variety of green and sustainability features will also be integrated into Positano Mactan. These include

energy-generating outdoor fitness equipment, low flow rate fixtures to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, LED lights, a rainwater harvesting system, and its own materials recovery facility.

In 2019, The Mactan Newtown was hailed as the ‘Best Mixed-Use Development for Visayas and Mindanao’ at The Outlook Awards by Lamudi Philippines, underscoring the seamless coming together of residential, office, commercial, and retail components into a community that promotes a vibrant integrated lifestyle.  (FREEMAN)