By Jenniffer B. Austria | Oct. 27,
2014 at 11:01pm [ manilastandardtoday.com ]
Real estate developer Megaworld Corp.
said it will spend P10 billion over the next five years to develop a 62-hectare
Beverly Hills-inspired township in Las Piñas City.
Megaworld senior vice president
Jericho Go said the posh residential development called Alabang West would be
complemented by a 1.3-kilometer commercial strip patterned after the Rodeo
Drive, a high-end shopping district in Beverly Hills, California.
“Soon to rise will be a themed
township that highlights the best of
Hollywood
, specifically Beverly Hills. We
envision this development to be the next big thing in Alabang,” Go said.
Rachelle Penaflorida, vice president
for sales and marketing of Megaworld Global-Estate Inc., said Alabang West
would offer 788 residential lots, with sizes ranging from 250 square meters to
800 square meters.
Lots, with an initial price of P48,000
per square meter, will be sold at P12 million to P38.4 million.
“Alabang West Village will be a posh
neighborhood that is distinctly ‘Alabang’ inspired by the glitz and glamour of
Hollywood’s Beverly Hills. This is a perfect haven to those seeking the
cosmopolitan vibe away from hustle and bustle of Metro Manila,” Penaflorida
said.
The property company said it expected
lot prices at Alabang West to further go up in the next couple of months,
similar to other township developments.
It said McKinley Hill project, which
started selling lots at P50,000 in 2005, was now selling at P120,000 per square
meter while the McKinley West project which started selling lots at P75,000 per
square meter in 2011, was now selling them at P160,000 per square meter.
Selling price at the recently launched
Southwoods City project in Alabang is now at P19,600 per square meter, from an
initial price of P14,000 per square meter.
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