Megaworld set to launch new St. Moritz tower, cites demand

Megaworld Corp. plans to launch a new residential tower at the upscale McKinley West in Fort Bonifacio, citing growing demand for high-end homes in the area.

The company said the expansion would be a second tower at its St. Moritz project. The builder said it would construct a nine-story tower, located along Le Grand Avenue, outside the McKinley West Village.

Completion was seen in 2019.

“Our first tower has been well-received by the top-tier market,” Rachelle Penaflorida, vice president for sales and marketing of Megaworld, said in a statement. “With the launch of the second tower, we hope to further expand our offerings to the luxury property market.”

Suites at St. Moritz now value at around P230,000 a square meter, up 21 percent compared to the price two years ago, the builder said.

St. Moritz Tower Two will have 32 private suites ranging from two-bedroom to four- bedroom, with sizes up to 220 square meters.

The tower will also offer bi-level penthouses equipped with elevators that open to their suites’ own foyer area, keyless access to doors and indoor private pools in each suite.

All suites will be furnished with European “lifestyle brands.” There would be a Philippe Starck collection of Duravit for bathroom fixtures, Liecht for kitchen design, and Bosch for home electronics, it said.

“McKinley West’s strategic location beside Forbes Park and the Manila Polo Club makes it an attractive preference for property investment in the entire Fort Bonifacio. We expect property prices to even go up in the next two to three years,” Penaflorida said.

Megaworld has commissioned UK-based architectural firm, Broadway Malyan, to design the St. Moritz residential development.