Megaworld Corp. is investing P28 billion over the next 10 years
to develop its first integrated township in Bacolod City, which is being
positioned to be a central business district in the area.
The propery company of tycoon Andrew L. Tan said it will start
construction for the 34-hectare project dubbed The Upper East. The
project takes inspiration from New York’s upscale lifestyle district of
the same name.
“The Upper East will be the city’s first master-planned mixed-use
community that integrates the live-work-play components of an integrated
urban township…Around 35% of the township will be dedicated to parks
and open spaces. We are excited to build Bacolod’s new and modern
central business and lifestyle district,” Megaworld Vice President for
Sales and Marketing Rachelle Peñaflorida said in a statement. — Arra B. Francia
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