Condominium

Megaworld unveils another condominium development, remains bullish on Bacolod’s business climate amid pandemic

NIGS. The prospect of the 12-story condominium tower called Herald Parksuites which will soon rise in Megaworld Corporation’s 34-hectare Upper East Township development in the eastern part of the city of Bacolod, which was once the complex of the Bacolod-Murcia Milling Company. (photo added)

NIGS.  Harold Brian Geronimo (right), Senior Assistant Vice President of Megaworld and Head of Public Relations and Media Affairs, and Jennifer Palmares-Fong, Vice President of Sales and Marketing of Megaworld Bacolod, announce the development of Herald Parksuites, the Upper East Township's fourth residential tower in Bacolod City.  (Erwin Nicavera)

NIGS. Harold Brian Geronimo (right), Senior Assistant Vice President of Megaworld and Head of Public Relations and Media Affairs, and Jennifer Palmares-Fong, Vice President of Sales and Marketing of Megaworld Bacolod, announce the development of Herald Parksuites, the Upper East Township’s fourth residential tower in Bacolod City. (Erwin Nicavera)

WHILE expressing confidence in Bacolod City’s business climate amid the coronavirus disease (Covid-19) pandemic, real estate giant Megaworld Corp. announced the start of development of another residential tower in its 34-hectare Upper East Township in the eastern part of the city of Bacolod which was once the compound of the Bacolod-Murcia Milling Company.

Harold Brian Geronimo, Senior Assistant Vice President of Megaworld and Head of Public Relations and Media Affairs, who spoke at a press conference at the Sky Deck of Stonehill Suites in Bacolod City yesterday April 22, said the fourth condominium project called Herald Parksuites is part of the 28 billion peso investment made by the company for the development of the whole township.

Geronimo said that even during the pandemic, when they launched One Manhattan as Megaworld’s third residential tower in the Upper East, there was an overwhelming sell-out in their units, which means there really is. a large market for residential properties in a township of Bacolod City. .

The manager said that most of the Megaworld customers here are attracted by a township concept, the concept of life-work-play, which is why they choose to buy units in a township setting.

“So we’re very confident that the condominium market in a township of Bacolod City is really, really positive,” he said, adding that “we’re looking forward to having more investment in the city and we’re We’ll be building more in the coming months. Much more exciting will be released in the Upper East.

The company aims to complete construction of the 12-story tower in 2028.

Megaworld Bacolod Vice President of Sales and Marketing Jennifer Palmares-Fong, who also spoke at the press conference, said that taking inspiration from the posh Upper East Side apartments of New York, this new residential tower will showcase Bacolod’s first “smart home” amenities in a condominium with select loft units in generous layouts.

Herald Parksuites will offer 246 units ranging in size from a studio up to 24 square meters, a studio with a balcony up to 31.5 square meters, a bedroom with a balcony up to 41 square meters, a executive room with balcony up to 54 square meters, one bedroom loft with veranda up to 78 square meters; two bedrooms with balcony up to 79 square meters and two bedroom loft with veranda up to 109 square meters.

Palmares-Fong said what is very exciting about the new condominium development is that, for the first time in the capital Negros Occidental, each unit is equipped with a wireless smart home system and appliances. with Wi-Fi router, video intercoms, as well as an emergency generator for a lighting fixture in the living room.

“This smart home technology will allow owners and future residents to control lights and appliances inside their units via a mobile app. Corridors and shared bathrooms and toilets in the building will be equipped with motion sensors so that they are only activated when it is busy,” she said, adding that each unit will also have groups. emergency generators, especially in the living room.

All kitchens will have their own hob burners with two-chamber units having their own built-in ovens, while bedrooms and living rooms in loft-type units will have inverter-based split-type air conditioning units.

Palmares-Fong said Herald Parksuites will also feature a central amenity floor that will connect to the amenity floor of Two Regis, the adjacent tower where it will be built.

Facilities include an adult pool and a children’s pool with bubblers; a pool lounge and a pool bar; lounges with sunbeds; shower rooms; reading corners; children’s play area and nursery; Fitness Center; reception room with pantry and extensive outdoor space; private dining room; game room; covered walking paths; and Wi-Fi internet access.

The residential tower will also have its own underground car park and the ground floor will have access to a shopping arcade.

It will also be highlighted by many green and sustainability features such as low flow appliances for water conservation, light sensors in hallways for energy conservation, use of amenities energy-efficient construction and facilities such as rainwater collection and reuse. as its own material recovery facility.

“This new tower is packed with never-before-seen features and we are excited to offer all of this to our future residents,” she added.

The company is expected to generate 1.9 billion pesos in sales from the new residential project.

With the launch of Herald Parksuites, Megaworld said it now has an inventory of nearly 1,000 condominium units in Bacolod City.

In 2018, the firm launched its first residential tower, the 12-story One Regis, and the following year it launched its second tower, the 14-story Two Regis.

In 2020, the company also launched the 14-story One Manhattan.

Geronimo said it was all part of the 10-year capital expenditure for the Upper East that began in 2018.

In terms of employment, the development has already generated at least 4,000 jobs.

“It will be a destination township,” he said.


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