Southern movements
The Pinnacle, Megaworld’s sixth residential property inside IBP, is a 20-storey condominium that stands as the ideal property for those who are looking for a home that can also be a prime investment
The COVID-19 pandemic has surely changed the way people view home-buying and what properties to scout for. While house hunters used to pay premium for the property’s value, those who want to invest in a new address during the crisis are placing their priorities on location and the safety of their household members who will be living with them in their new residence. Property giant Megaworld, a pioneering leader in township developments in the country, is expanding its residential portfolio inside the 72-hectare Iloilo Business Park (IBP) in Mandurriao, Iloilo City.
‘Best Township’
Hailed as the “Best Township Development” at the 2018 Philippines Property Awards, a home in IBP definitely presents a warm welcome to the new normal. Here, residents are treated to a community that perfectly blends urban architecture with the historical grandeur of the city, all the while providing a holistic “live, play, work” lifestyle.
With state-of-the-art offices, award-winning commercial developments and top-notch residential properties, it comes as no surprise that IBP has seen as much as 127 percent increase in property values from 2013 to 2020.
Set to be the only residential condominium to rise right within the township’s boutique hotel and commercial district is The Pinnacle, Megaworld’s sixth residential property inside IBP. This 20-storey condominium stands as the ideal property for those who are looking for a home that can also double as a prime investment.
This Pinnacle has a total of 572 units, ranging from studio (up to 34-square meters), studio with loft (up to 56-square meters), executive studio with loft (up to 73-square meters), one-bedroom (up to 40-square meters), executive one-bedroom (up to 61-square meters), two-bedroom (up to 84.5-square meters), two-bedroom with loft
(up to 89.5-square meters) and two-bedroom with deck (up to 113.5-square meters).
Promising investment
“Iloilo City, particularly Iloilo Business Park, remains an attractive location for property investments. Since we started selling our first residential condominium tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3 million, 40-square meter unit seven years ago would see their property appreciating to about P6.8 million today,” says Jennifer Palmares-Fong, vice president for sales and marketing, Megaworld Iloilo.
The tower’s fifth floor boasts of amenities that include a lap pool and kiddie pool, fitness center, outdoor fitness area, function room, outdoor lounge, daycare center, children’s play area, jogging path, private dining room and an atrium garden.
The property will also have a three-level podium parking facility with its own driver’s lounge.
The Pinnacle is due for completion in 2026.
During the past seven years, Megaworld has launched other residential condominium towers in Iloilo Business Park. These include the three-tower One Madison Place, Lafayette Park Square, The Palladium, Saint Honore and Saint Dominique.