MANILA, Philippines - Due to the overwhelming demand for luxury residential condominiums in Iloilo City, upscale property developer Megaworld has stepped up works for the third tower of One Madison Place.
One Madison Place’s first tower is already sold out while the second tower is almost 80 percent taken up, just barely two months after its launch.
The entry of the third tower completes the three-tower residential condominium cluster of One Madison Place. Pre-selling for the third tower will start by end-August.
“We are very impressed with the response of the Ilonggos to One Madison Place. It usually takes a minimum of six months to sell out a project. But here, it only takes an average of two months,†said Jennifer Palmares-Fong, head of marketing of Iloilo Business Park.
Occupying a sprawling 1,700 square meters of land area along Megaworld Blvd. in Iloilo Business Park, One Madison Place has redefined the living experience in a township masterpiece. It boasts of a vibrant dwelling space that can satisfy the discerning taste of future residents.
The 10-story third tower has layouts ranging from studios to one- or two-bedrooms. Each unit will be pre-furnished and has top-of-the-line amenities separated from the first tower. These include the swimming pool with composite wood deck, aqua fitness pool, outdoor spa, outdoor fitness station, function rooms, children’s play area, reading nook with green wall features, trellised seating area, pocket gardens, and a state-of-the-art fitness gym. An arcade of retail shops is also expected to open at the ground floor.
“With the third tower, we will offer larger floor layouts to cater mostly to families. Modern luxury living has indeed found its niche here in One Madison Place – where the best of Iloilo will soon come home,†said Fong.
The project is expected to be completed in 2017.
Iloilo Business Park is Megaworld’s biggest township in Western Visayas, modelled after the company’s ‘live-work-play-learn’ lifestyle township formula in the Philippines. Among its successful townships include Eastwood City, known as the Philippines’ first cyberpark; McKinley Hill in Bonifacio Global City; and Newport City in Pasay City, home of the famous Resorts World Manila.
For more inquiries about the IloiloBusinessPark, call (0917)548-9096 or e-mail iloilobusinesspark@megaworldcorp.com.