P10B project in Lapu-Lapu to change Cebu
Smitten by the queen, a giant builds its lair.
Megaworld Corp., one the country’s biggest property developers led by tycoon Andrew Tan, is creating its first ever masterplanned township project in the Queen City of the South that is Cebu, as it targets to provide an unrivalled lifestyle of luxury and convenience in the Visayas.
Located in Lapu-Lapu City, the 16-hectare Mactan Newtown is set to replicate what Megaworld has created in Eastwood City and its other townships within the metropolis, according to Noli Hernandez, president of Megaworld Cebu Properties Inc.
Rising in the middle of Cebu’s hottest tourist destination, this live-work-play township is envisioned to provide a consummate lifestyle in which people need not venture out for work, leisure or recreation.
It has recently officially opened for business with the grand opening of the biggest McDonald’s outlet in Central Visayas. Once completed, the Mactan Newtown will boast a masterful mix of residential enclaves, office towers, commercial establishments and recreational facilities.
“At Mactan Newtown, we will be giving the Cebuanos more time for things that really matter and allow them to live more fulfilling lives. This vision sprang from the simple recognition of the need for more intelligent communities that actually work, and it’s a vision that has been translated so far to Megaworld’s other phenomenally successful townships in Metro Manila,” Hernandez explains.
“Megaworld has been known for its previous masterpieces in Manila such as Eastwood City, The McKinley Hill and Newport City. As in these other developments, local and foreign investors can expect nothing less than a solid and steady appreciation of property values, given the synergies that can only be created when world-class components of living, working and playing are put together,” he further says.
According to Hernandez, future residents of the P10-billion development can “look forward to a unique lifestyle that is both dynamic and laidback, luxurious but accessible, visionary but real and tangible.”
He stresses that buying a unit at The Mactan Newtown is not simply about acquiring a dwelling place, but rather about becoming part of a community.
“[It is] where even the smallest studio unit provides access to a full suite of recreational facilities, from a fully-equipped gym, a 20-meter lap pool, an aqua gym, a rock-climbing wall, a tennis court, an indoor spa, culinary station and a function room, not to mention an ultra modern hotel-like lobby,” Hernandez notes.
The township’s proximity to various resorts and the availability of water sports activities, Hernandez adds, also highlights the uniqueness of the community. And if these weren’t enough, stepping out of one’s residential tower also means being served a feast of various international dining and shopping options located within the township.
Although the amenities of the residential towers will be for the exclusive use of the residents, other guests, office workers and executives can still enjoy and bask in the township’s various facilities and amenities that includes, among others, world-class cinemas, high-end shopping outlets, restaurants, a grocery store and other shops.
Meanwhile, Hernandez also notes that the company sees The Mactan Newtown becoming not only as the latest prime residential address in Cebu, but also as another hub of business activities outside of Metro Manila.
“For the business locators perhaps the biggest attractive differentiator is the fact that The Mactan Newtown has been declared by Peza (Philippine Economic Zone Authority) as an export processing zone and as such, entitles businesses with a range of tax breaks and other incentives from the government,” Hernandez claims.
Set to be completed over the next five years, the said development is posted to be the next big thing in Cebu, according to Hernandez “as The Mactan Newtown has been thoroughly thought-out and planned, it’s still work in progress that’s meant to surprise and delight future homeowners, Cebuanos and foreigners alike.”
“While any developer can promise to deliver anything, none has the reputation and the track record of Megaworld, having actually delivered major townships that have reshaped the skyline of Metro Manila. Apart from having a grand vision for every community it builds, Megaworld also has the financial muscle not only to see it through but the imagination to offer the units at the most affordable payment schemes possible,” Hernandez concludes.