Megaworld investing P5B in Antipolo

The leisure estate arm of tycoon Andrew Tan-led Megaworld group is investing P5 billion to develop an integrated lifestyle community called “Eastland Heights” in Antipolo, Rizal, in the next five to seven years.

Through its subsidiary Global-Estate Resorts Inc. (GERI), the group is developing 640 hectares of land along Marcos Highway, including areas overlooking Metro Manila’s skyline.

“This new community will allow Megaworld to further expand its presence in the popular area of Antipolo, which is very accessible to the major cities in Metro Manila. We capitalize on the scenic views and fresh air in this location, which can be the development’s key strengths,” GERI president Monica Salomon said in a statement Monday.

The vast property at the foot of the Sierra Madre mountain range will have its own 36-hole golf course and country club, which will occupy around 20 percent of the development.

Aside from the golf course, the community will have residential, commercial and retail and institutional components such as a school.

“More than a hundred hectares will be allocated for residential villages. But in the next few years, we will be adding some commercial and retail components to make this community more exciting,” Salomon added.

Eastland Heights will be part of the growing roster of developments that Megaworld and its subsidiary brands GERI, Suntrust Properties, Inc. and Empire East Holdings have built and developed across the country.

These developments include integrated urban townships like Eastwood City in Quezon City; Newport City in Pasay City; McKinley Hill, McKinley West, Uptown Bonifacio and Forbes Town Center all in Fort Bonifacio; The Mactan Newtown in Cebu; Iloilo Business Park and Sta. Barbara Heights, both in Iloilo; Boracay Newcoast in Boracay Island; Twin Lakes in Tagaytay; ArcoVia City in Pasig City; Southwoods City at the boundaries of Cavite and Laguna; Davao Park District in Lanang, Davao City; Alabang West in Las Piñas City; Suntrust Ecotown and Maple Grove, both in Cavite; The Upper East and Northill Gateway both in Negros Occidental; Capital Town Pampanga; and Westside City in the Entertainment City in Parañaque.

Megaworld is also a major developer of office, residential and commercial buildings in the Makati central business district.

“Developments that only have residential, commercial and leisure components will form part of our ‘integrated lifestyle communities.’ Those that offer the complete live-work-play components, on the other hand, will be under our integrated urban township developments. Our development mix will become more diverse to cater to every need and demand of a particular locality,” said Megaworld senior vice president Jericho Go.