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Megaworld unveils new condo project

By Zinnia dela Peña (The Philippine Star) Updated July 30, 2012 12:00 AM

MANILA, Philippines - Megaworld Corp., the property arm of tycoon Andrew Tan, unveiled its newest upscale residential condominium development in Bonifacio Global City, Uptown Ritz, which is estimated to generate P4.1 billion in sales.

The 45-storey Uptown Ritz forms part of Megaworld’s P45-billion 15-hectare integrated township district called Uptown Bonifacio that is seen to take the company’s live-work-play lifestyle to new heights.

Noli Hernandez, Megaworld senior vice-president for marketing, said Uptown Ritz, which boasts a façade clad in glass and aluminum, will offer a total of 340 units with sizes ranging from 78 square meters to 182 sqm.

Slated for turnover to buyers by June 2017, the units will be sold at P135,000 per square meter, Hernandez said.

Hernandez said the launch of Uptown Ritz followed the success of One Uptown Residence, the first residential offering at Uptown Bonifacio.

Unit owners will get instant access to a three-level 33,00-sqm upscale mall called Uptown Place.

Aside from retail attractions, Uptown Bonifacio also hosts a four-tower 140,000-sqm P12 billion corporate block which will showcase cutting-edge architecture, double-glaze glass walls, sky gardens and a lagoon.

Uptown Bonifacio, located in the northern district of Fort Bonifacio, will feature up to 18 towers, offering a total potential development of 500,000 square meters of residential space, 400,000 square meters of office space and 90,000 square meters of retail space.

It will be developed over a 20-year period under the Berde (Building for Ecologically Responsive Design Excellence) rating system. 

The property is near the British, Japanese and American international schools.

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