TYCOON ANDREW Tan-led Megaworld Corp. has rolled out a P2.5-billion residential tower project in Makati City, its sixth condominium building in the upscale Greenbelt area.
The new project, Greenbelt Hamilton, is a 31-story tower that will rise on Legaspi Street, Legaspi Village, a short walk from the upscale Greenbelt 5 mall and the corporate offices along Ayala. The residential units are expected to be turned over to buyers by 2016.
Greenbelt Hamilton, which was launched Thursday night, is a modern skyscraper designed in shades of blue and white, matching the sky. It offers a total of 425 studio, executive studio and two-bedroom suites. Most units feature balconies.
Prices start at P2.9 million for a 28.3-square-meter studio unit with balcony, P4.3 million for a 41-sqm executive studio and P5.7 million for a 54.6-sqm two-bedroom unit with balcony.
Megaworld continues to offer affordable payment schemes as monthly amortization starts at a low P12,000 for a studio and P20,000 for a two-bedroom unit.
“We couldn’t have chosen a better time frame to launch this project due to the renewed optimism in the Philippine economy. Real estate remains one of the economy’s growth drivers, and projects such as Greenbelt Hamilton will certainly boost business activity in the financial district,” Megaworld vice president for marketing and project head Clifford Legaspi said.
Legaspi said in an interview that Megaworld was targeting to sell all the residential units available in Greenbelt Hamilton, the company’s 15th residential tower in Makati, within the next seven months.
Given the project’s prime location, Megaworld would be targeting “doctors, executives, entrepreneurs, young professionals and investors” for Greenbelt Hamilton, Legaspi said.
He said superior location and easy financial schemes were the biggest selling points of Megaworld’s projects in Makati. His group’s biggest competitor, Legaspi said, would likewise be other sales groups within Megaworld offering residential units in other areas like Fort Bonifacio Global City. Doris C. Dumlao