Megaworld projects P1.5-B sales from 2nd condo tower in Bacolod

FILE: Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Bacolod, and Harold Geronimo, Megaworld senior assistant vice president and head of public relations and media affairs, lead the launching of The Upper East’s Two Regis residential tower during a press conference at Stonehill Suites in Bacolod City on Monday. (Photo by Nanette L. Guadalquiver via PNA)

BACOLOD CITY – Megaworld Corp. is projecting about PHP1.5 billion in sales from its second residential tower, Two Regis, which will rise inside The Upper East township here by 2023.

The property giant launched the 14-story condominium project on Monday afternoon, six months after introducing the first tower, One Regis, whose units had been sold out since then.

Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Bacolod, said during a press briefing held at Stonehill Suites that the “overwhelming success” of their first tower clearly indicates that Bacolod has embraced the idea of both condominium living and township living.

“The masterplanned township concept that we are bringing to Bacolod makes Megaworld different as a condominium developer, and we are happy to pioneer this concept in Negros,” she added.

The premier developer is investing PHP28 billion for The Upper East township in Bacolod, which spans 34 hectares. It will include residential condominiums, shopping malls and commercial centers, mixed-use buildings, office towers, and hotels with facilities, including a transport hub, church, green and open parks, and a central plaza.

Two Regis, which will be situated beside the proposed Megaworld Lifestyle Mall, will offer studio, executive studio, one-bedroom and two-bedroom units. Its key feature will be the three Skygardens, two of which will be set up on the 12th level, or the Lower Sky Suites Floor, and one on the eighth floor, dubbed as the Garden Suites Floor. The penthouse floor, or Upper Sky Suites Floor, will offer units in varying size options.

“We are fast-tracking the developments inside The Upper East to ensure that our future residents will be able to enjoy the mall, the parks, the hotel, and other components of the 34-hectare township once they start living in the condo. We’ve promised Bacolod with a first-class township, and we expect things to rise in the next three to five years,” Peñaflorida said.

Harold Geronimo, Megaworld senior assistant vice president and head of public relations and media affairs, said the land development of The Upper East, which started late last year, continues and is still not halfway done given the huge size of the township.

“Based on our experience, if you have a smaller township, it takes a year or a year-and-a-half. If you have a bigger township, it takes around two years or even more.

We perfect the land development first before we build something so that everything will be smooth,” he added.