Tycoon Andrew Tan-led property developer Megaworld Corp. has rolled out its first residential development in a 35.6-hectare Capital Town in San Fernando, Pampanga, creating P1 billion worth of fresh residential inventory.
The new development is New York-inspired 12-story Chelsea Parkplace, which offers 193 residential units with the following layouts: studio (up to 31 square meters), one-bedroom (up to 45.5 square meters) and two-bedroom (up to 88 square meters). These are due for completion by 2022.
The new residential hub took inspiration from the charming apartments and edifices of New York City’s boroughs while its facade sought to replicate the brownstones of Upper West Side. All units will have balconies, offering views of Capital Town’s landscape.
“After selling around 70 percent of our shophouse lots in Capital Town in just a little over six months, we have experienced a spike on inquiries on residential developments within the township. And so, we launched this project this year in response to the demand,” Eugene EmLozano, first vice president for sales and marketing at Megaworld Pampanga, said in a statement.
“Perhaps, people saw the rise of the capital city of San Fernando to be a major beneficiary of the growth of Clark and Pampanga in general. The city has its own character, and Capital Town capitalizes on its rich history and heritage in the overall master plan of the development. This is what everyone is so excited about,” he added.
Amenities include both adult pool and kiddie pool with pool lounge and outdoor benches, indoor and outdoor events hall, fitness center, and a daycare center.
Capital Town is Megaworld’s first township development in Central and Northern Luzon. Formerly the site of the Pampanga Sugar Development Company (Pasudeco), it is one of Pampanga’s heritage sites and is located near the Pampanga Provincial Capitol.