Megaworld unveils upscale residential development in Bacolod City
TYCOON Andrew Tan-led property developer Megaworld Corp. has debuted into upscale residential development outside Metro Manila with the launch of exclusive neighborhood Forbes Hill in a Bacolod City.
The new project brings to the property market 197 residential lots with sizes ranging from 449 square meters to 861 square meters priced at P16,000 to P17,000 per square meter, the company said in a press statement on Monday.
The high-end residential development is located along the up-and-coming lifestyle district of the new Bacolod-Silay Airport Access Road.
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 that will house residential villages, a 7.5-hectare mixed-use office and retail development, leisure and recreational hubs as well as institutional facilities.
“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,” said Rachelle Penaflorida, vice president for sales and marketing at Megaworld Premier Bacolod.
“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,” she said.
Based on the company’s pitch, Forbes Hill will be a low-density development with only around 13 residential lots per hectare. Around one-third of the entire village will be allocated for open and green space alongside roads that are 12 to 20 meter wide.
The upscale neighborhood will feature first-class amenities exclusively for its 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 love-work-play-learn concept to the future residents of Forbes Hill which will be the first in Negros Occidental and Bacolod City,” Penaflorida said.
Forbes Hill is a 20-minute drive 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. It is also just three minutes away from popular tourist site The Ruins and 10 minutes away from University of St. La Salle, one of the biggest universities in the province. It is 15 minutes away from the new Bacolod-Silay Airport.
The upcoming village will rise against the panoramic backdrop of the Negros mountain ranges and the vast sugarcane plantation.
Megaworld’s earlier upscale residential developments in Metro Manila are: McKinley Hill Village in the bustling McKinley Hill township in Fort Bonifacio, Corinthian Hills in Quezon City, McKinley West Village right beside Forbes Park and the upcoming Beverly Hills-inspired Alabang West Village in Las Pinas City.
“These upscale villages have seen their prices doubling in just three to five years. McKinley West Village, for example, started selling at around P75,000 per square meter in 2010. Today, it is selling at P170,000 per square meter or a price jump of almost 130 percent. We expect Forbes Hill to also increase its value in the next few years as things rise within the township,” said Penaflorida.
