MEGAWORLD Corporation said it expects to generate P1.5 billion in
sales from its fourth residential project in The Mactan Newtown in
Lapu-Lapu City, Cebu.
In a statement, the property developer said the 20-storey La Victoria Global Residences will have 181 units.
The condominium tower’s Spanish-inspired architecture reflects the
historical significance of Galleon Victoria. The ship brought Ferdinand
Magellan to Cebu island in 1521.
“Galleon Victoria arrived in the Philippines in 1521, and completed
its circumnavigation of the globe in 1522. This piece of history that
eventually showcased the victory of native Filipinos will be
commemorated by this new residential tower inside The Mactan Newtown,”
Noli D. Hernandez, president of Megaworld Cebu Properties, Inc., was
quoted as saying.
Mr. Hernandez said La Victoria Global Residences is expected to be completed by 2022, in time for the Galleon Victoria’s 500th year of circumnavigation.
Units at the tower feature studio units of up to 40 square meters
(sq.m.); one-bedroom units of up to 53 sq.m.; two-bedroom units of up to
80 sq.m.; and three-bedroom units of up to 118 sq.m. All units will
have their own balconies.
La Victoria Global Residences will have an infinity pool, kiddie
pool, pool lounge, reading lounge, children’s play area, fitness center,
jogging path, day-care center and a function room.
The Mactan Newtown is also home to residential developments 8 Newtown
Boulevard, One Pacific Residence and One Manchester Place, as well as
the Newtown School of Excellence. — V.M.P. Galang
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