Megaworld unit building new P5 billion township in CDO | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Megaworld unit building new P5 billion township in CDO
Megaworld unit building new P5 billion township in CDO
MANILA -- Megaworld subsidiary Global-Estate Resorts, Inc. is initially allotting P5 billion to develop a new township in Cagayan de Oro City.
MANILA -- Megaworld subsidiary Global-Estate Resorts, Inc. is initially allotting P5 billion to develop a new township in Cagayan de Oro City.
In a statement, Megaworld said The Upper Central will be built in the highlands of Barangays Gusa and Indang, overlooking downtown CDO.
In a statement, Megaworld said The Upper Central will be built in the highlands of Barangays Gusa and Indang, overlooking downtown CDO.
It will have residential villages, retail spaces, a town center, a central park, mountain and bike trails, and viewing decks for visitors.
It will have residential villages, retail spaces, a town center, a central park, mountain and bike trails, and viewing decks for visitors.
Megaworld said about 40 percent of the township will consist of green and open spaces.
Megaworld said about 40 percent of the township will consist of green and open spaces.
ADVERTISEMENT
The township is just 10 to 15 minutes away from the city’s downtown area, and less than an hour away from Laguindingan International Airport, northern Mindanao's main gateway.
The township is just 10 to 15 minutes away from the city’s downtown area, and less than an hour away from Laguindingan International Airport, northern Mindanao's main gateway.
Kevin Tan, president of Megaworld parent Alliance Global Group, said the company always had its eyes on Cagayan de Oro City.
Kevin Tan, president of Megaworld parent Alliance Global Group, said the company always had its eyes on Cagayan de Oro City.
"Now is the perfect time to take part in the booming real estate industry of this side of Mindanao," he said.
"Now is the perfect time to take part in the booming real estate industry of this side of Mindanao," he said.
The Upper Estate will be the real estate giant's 35th township. Megaworld's net income reached P19.4 billion in 2023, up 26 percent from the previous year's figures.
The Upper Estate will be the real estate giant's 35th township. Megaworld's net income reached P19.4 billion in 2023, up 26 percent from the previous year's figures.
FROM THE ARCHIVES:
ADVERTISEMENT
ADVERTISEMENT
