Tycoon Andrew Tan-led Megaworld Corp. has brought P1.5 billion worth of fresh residential inventory to Bacolod’s property market with the launch of a new condominium development inside The Upper East township.
The 14-story Two Regis will be built at the corner of Regis and Madison, just beside the proposed Megamall Lifestyle Mall.
The launch comes six months after the launch of One Regis, which was Megaworld’s first residential tower in the area.
Two Regis will offer units ranging from studios to two-bedroom units. Some units will have balconies overlooking the township. The tower is expected to be completed in 2023.
The regular studio units will have a size of up to 31.5 square meters, but there will be executive studio units of up to 37.5 sqm. One-bedroom units will have a footprint of up to 43.5 sqm while two-bedroom units will have up to 87 sqm of living space.
The penthouse floor, which will make available units in varying size options, pitches unparalleled views of the sunrise from the Negros mountain ranges and the sunset along Guimaras Strait.
“The overwhelming success of our first residential tower is a clear indication that Bacolod has embraced the convenience of both condo living and township living. The master-planned township concept that we are bringing to Bacolod makes Megaworld different as a condominium developer, and we are happy to pioneer this concept in Negros,” said Rachelle Peñaflorida, vice president for sales and marketing at Megaworld Bacolod.
“We’ve promised Bacolod with a first-class township, and we expect things to rise in the next three to five years,” she added. —DORIS DUMLAO-ABADILLA