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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