By Jenniffer B. Austria | Jun. 01,
2015 at 10:55pm [ manilastandardtoday.com [
Property developer Megaworld Corp.
said it expects to raise as much as P1.65 billion from the sale of its first
upscale residential project outside Metro Manila called Forbes Hill in Bacolod
City.
Megaworld said in a disclosure to the
stock exchange Forbes Hill would offer as much as 197 residential lots with
sizes ranging from 449 square meters to 861 sq.m. to be sold at P16,000 to
P17,000 per square meter.
Forbes Hill is located along the
high-end neighborhood in the up and coming lifestyle district along the new
Bacolod-Silay Airport Access Road, and forms part of the 15-hectare prime
portion within the 53-hectare Northhill Gateway township.
Luxury village. Property developer
Megaworld Corp. is launching its first upscale residential village in the
Visayas and Mindanao in its 53-hectare Northill Gateway township in Bacolod
City. Shown are Megaworld public relations
and communications head Harold Geronimo (left) and vice president for sales and
marketing Rachelle Peñaflorida as they display the development plan of Forbes
Hill, which offers 197 lots at P16,000 to P17,000 per square meter.
“Finally, Megaworld is rolling out a
premiere residential offering for Bacolod. This is the company’s first venture
for a luxury village outside of Metro Manila because we recognize the
sophisticated market in this wonderful province,” Megaworld Premier vice
president for sales and market Rachelle Penaflorida.
“This means there will only be 197
homeowners or even less in Forbes Hill. This is why exclusivity and privacy are
guaranteed. And this is the true promise of luxury,” Penaflorida said.
Forbes Hill has a low density of only
13 residential lots per hectare. Around one-third of the entire village will be
allocated for open and green spaces, and roads that are 12 to 20 meters wide.
The upscale neighborhood will feature
first-class amenities exclusively for residents which include an events hall,
fitness center, game room, entertainment room, lap pool, children’s pool, a
gazebo park and a basketball court.
“More importantly, we are giving our
residents with a wider breadth of lifestyle amenities that the entire Northill
Gateway township brings – from malls and commercial centers to office spaces
and educational institutions – everything will just be within reach. Megaworld
is bringing its pioneering live-work-play-learn concept to the future residents
of Forbes Hill which will be the first in Negros Occidental and Bacolod City,”
said Penaflorida.
Megaworld, along with its wholly-owned
subsidiary Suntrust Properties, Inc. and in partnership with the Lacson Family,
is developing the 53-hectare Northill Gateway which is envisioned to be a
refreshing lifestyle district.
Forbes Hill is 20 minutes away from
the downtown area of Bacolod City and only around 10 minutes away from the new
Bacolod People’s House through the new Circumferential Road.
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