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Megaworld disposes half of Alabang West

By MST Business | Jan. 08, 2015 at 10:50pm [ manilastandardtoday.com ]

Global-Estate Resorts Inc., a unit of property developer Megaworld Corp., said it continues to remain bullish on its residential projects in Alabang West amid brisk sales and strong demand that prompted the company to launch another phase of the upscale village this month.

Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Global-Estate Inc., said the company already started selling another phase of residential lots due to the fast take-up of the initial two phases that Alabang West introduced during the launch in October.

She said of the total 788 available lots of the entire village, almost half were sold out from October to December 2014.

Peñaflorida said the high demand for lots in the township contributed to good and strategic location in Alabang, aside for its unique selling proposition and its Beverly Hills-inspired theme.

“Due to the good investment climate in Southern Metro Manila, we expect that the remaining available residential lots will be sold out before the first quarter of 2015. We expect land prices in Alabang West to rise by 25 to 30 percent this year from its launch price last year,” said Peñaflorida.

Alabang West is a 62-hectare fully-integrated posh township located along DaangHari in Las Piñas City.

The township is poised as the country’s Beverly Hills of the South through its Hollywood theme that offers the best of a commercial and business lifestyle with its own Rodeo Drive, together with an exclusive village for elite clients.
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