Megaworld projects P850M in sales from Capital Town Tower

Tycoon Andrew Tan-led Megaword Corp. expects to generate P850 million in residential sales from a new condominium tower in Capital Town Pampanga.

To be called Bryant Parklane—as inspired by New York City’s Bryant Park—the 16-story residential tower brings to the property market 463 units ranging from studios of up to 28.5 square meters to one-bedroom units of up to 41 sqm.

Megaworld is selling this residential project—its second inside the 35.6-hectare Capital Town Pampanga—for around P150,000 a sqm.

The tower is expected to be completed by 2024.

“In Bryant Parklane, we want to encourage interaction among residents, and at the same time, foster a sense of community,” Eugene Em Lozano, first vice president for sales and marketing at Megaworld Pampanga, said in a disclosure on Tuesday.

Last year, Megaworld launched its first residential development in Capital Town —the 12-story Chelsea Parkplace with 193 residential units.

Capital Town is Megaworld’s first township development in Central and Northern Luzon. Formerly the site of the Pampanga Sugar Development Company (Pasudeco), the township is located near the Pampanga Provincial Capitol.

Aside from residential towers, the township will also be home to a Shophouse District featuring neo-classical architecture, a lifestyle mall, office towers and a museum. —DORIS DUMLAO-ABADILLA