Another residential condominium tower will rise at The Mactan Newtown in Lapu-Lapu City on Mactan Island, Cebu by 2025.
The Pearl Global Residences, a 20-story structure with 222 condominium units, is expected to generate P2.3 billion in sales for developer Megaworld Corporation.
It will be the company’s fifth residential condominium project at The Mactan Newtown, a 30-hectare enclave with a beachfront developed also by Megaworld.
The Pearl will be built near the road leading to the historic Lapu-Lapu Shrine, Megaworld said in a statement on January 14, 2020.
It will offer amenities at the second level that include an adult pool and kiddie pool, fitness center, outdoor lounge and seating areas, children’s play area, function room, game room, reading nook, and co-working spaces.
At the roof deck, there will be an outdoor lounge and garden, a dry bar, and a viewing deck where residents and guests can enjoy the panoramic views of the Cebu mountains, the Magellan Bay and the Hilutungan Channel, the nearby islands, and the Lapu-Lapu Shrine.
“The Pearl Global Residences will showcase the Filipino pride to the world. We got the name from the country’s title of ‘Pearl of the Orient’, and as we expect more visitors and tourists to come to The Mactan Newtown in the coming years, we want this tower to be one of the icons of Filipino pride inside our development,” Noli D. Hernandez, president of Megaworld Cebu Properties, Inc., said.
This new building will offer the following units: executive studio with either a balcony or a lanai (up to 40 square meters); one-bedroom and executive one-bedroom with balcony (up to 59 square meters); two-bedroom with balcony or lanai (up to 80 square meters); and three-bedroom with balcony (up to 116 square meters).
Megaworld has launched a total of 10 residential condominium buildings with a total of 1,836 units at The Mactan Newtown.
There are also five office towers with a total inventory of around 81,000 square meters.
The Mactan Newtown also hosts the 547-room Savoy Hotel Mactan. Two more hotels are expected to open inside the township in the next two years.
Megaworld had also announced the construction of the Mactan Newtown Beach Walk, a mall on a cliff by the seaside. (Ventures Cebu)