Megaworld unit expands Boracay portfolio
The leisure estate arm of the Megaworld property group is expanding its residential-resort portfolio in 150-hectare tourism estate Boracay Newcoast, creating P1.8 billion in new inventory in this seaside residential enclave.
Global-Estate Resorts Inc. (GERI) is launching Ocean Garden Villas, a three-tower residential cluster that pitches refreshing views of the beaches and mountains of the world-famous Boracay Island.
In a press statement on Tuesday, GERI said it was riding on the momentum of Oceanway Residences, the first residential condominium cluster in Boracay Newcoast, which had seen brisk sales.
“This new residential development will have close access to Newcoast’s private beach and natural coves facing the morning sunlight. We hope to provide our residents a new and refreshing take on living in one of the world’s best islands,” said Jennifer Palmares-Fong, vice president for sales and marketing, Boracay Newcoast.
The low-rise, six-story villa-inspired residential cluster will have 225 units ranging from one-bedroom to two-bedroom resort-type suites.
Ocean Garden Villas features a lap pool, outdoor lounge deck, in-pool lounge, wading pool, outdoor spa and a pavilion, complementing the beach and nature amenities of the estate.
The project is due for completion in 2021. GERI expects to generate around P1.8 billion in sales from this development.
Alongside the rapid development of Boracay Newcoast, GERI also announced a sustainability program to protect Boracay’s beaches and natural environment.
The program includes the establishment of the township’s own Material Recovery Facility (MRF) that will recycle waste materials collected within the development.
Likewise part of the program is the installation of detention/siltation tanks for storm drainage outfalls to arrest soil sediments and debris from storm run-off prior to disposal.
GERI also announced the installation of Sewage Treatment Plant (STP), effluent of which can be recycled and used as non-potable water for irrigation and fire reserve. Rainwater collection tanks will likewise be installed in buildings. —DORIS DUMLAO-ABADILLA
