Megaworld’s recent project, The Albany Yorkshire Villa located in McKinley West in Taguig City, is expected to generate billions of sales for the firm, P3 billion to be exact. The company disclosed that the upscale project will composed of 64 suites which are 121 to 133 SQM in sizes. These will be two-bedroom to three-bedroom units. In addition to this is the four-bedroom penthouses with a total size of 349 SQM, with its own infinity pool. This project will be of help to the company as this will boost its revenue once they start offering the spaces. The company aims to sell the units to affluent residents who can afford to live in an exclusive community.
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If you’re wondering who’s going to build the project for Megaworld, it is told by the firm that they were able to engage with Broadway Malyan, an UK-based architectural firm. The same firm designed the Century Mall situated in Makati and other high-end residential projects which are built in McKinley West. The target market of the company for this project is not just the ordinary residents of the country but the rich urban dwellers who are seeking for a better and comfortable home in the south. As investors, you can either buy stocks from Megaworld or buy one of its units so you can start investing in real estate.
Each unit in the upscale project of Megaworld will have its own custom-built walk-in closet in the master bedroom. It will also have bathtubs in it and instead of normal keys, the units can be accessed using keycards. The condominium will have its infinity pool, pool deck, children’s pool, gym, kid’s playground, entertainment room, sauna room, function room, game room, and outdoor cabanas all available for the owners. The firm disclosed that they want the project to be one of a kind. Considering that there are luxury homes already available in Metro Manila, they want The Albany Yorkshire Villa to be classy and distinctive among other high-end residential homes. No surprise they are putting up lots of amenities in the condo!
The project is expected to be completed by 2023, more than 4 years from now. The company is to spend P45 billion to develop not just The Albany residential project but the whole McKinley West village in 10 years’ time. Since all the residential spaces in McKinley West are luxurious and expensive, only the consumers with high income will be able to afford the property and it is in fact discussed by the firm that this market will help them upscale the location in the future. This 2019, the firm has pledged to spend P65 billion capital expenditure for property development across its townships. 20% of the budget will be for the acquisition of land and other properties for investment purposes.