Megaworld kicks off Iloilo Project
Philippine’s top property developer Megaworld Corporation embarks on a new wave of developments after it slew down due to the world’s financial tough times. Megaworld is now developing the 54.5-hectare Old Iloilo Airport property in Mandurriao after few years of its acquisition.
Known to be a catalyst of changing the urban landscaping in Manila, Megaworld is expected to build several midrise mix-use buildings in its Iloilo property with the Live-Work-Play-Learn credo like its flagship project, Eastwood City. It will be of course a smaller development compared to its Manila counterparts, but it will significantly give boost to Iloilo’s local economy. It is envisioned to be Iloilo’s New Central Business District.
Megaworld’s Central Business District is adjacent to KAPIDECO where Ateneo de Iloilo’s new campus is located and a lot of neighboring developments such as Injap’s People’s Condominium and others. Also on the neighborhood is the now bustling Smallville and Boardwalk Commercial Complexes where Iloilo’s night life thrive and Ayala Land’s Technohub is located.
Kudos to Megaworld for putting its trust in Iloilo’s market and profitability.
P.S. Just some thought on the ongoing development. From what’s going on, perhaps Megaworld will be using underground electrical cable wirings.