In this special issue we are featuring the mixed use developments in the Visayas that will eventually shape its landscape. Township developments has been touted as the next big thing in real estate, thus it merits to have a closer look.
1. Mactan Newtown
Megaworld Corp.’s Mactan Newtown, one
of the Visayas region’s most notable
properties, also stands as one of the
developer’s most popular and successful
projects. The 28.8-hectare township, a
master-planned neighborhood that has its
own beachfront, is Megaworld’s first major
development outside Metro Manila.
Located in Lapu-Lapu City, the township is
a thriving community with a number of
prime office and residential spaces within
the Cyberpark just a few minutes away
from the Mactan-Cebu International
Airport. The township also features various
retail shops in the area, along with a
school that belongs to the Lasallian
Schools Supervision Office. Several other
projects, including planned premium
hotels, the 8 Newtown Boulevard, One
Manchester Place, and One Pacific
Residence, the Mactan Shrine and
Hitulungan Channel, are also inside the
township.
VISAYAS TOWNSHIP
DEVELOPMENT
SPECIAL SSUE
NOVEMBER 2018
ISSUE VOL. 3, S2
PROPERTY
MARKETWATCH
A A P R O P E R T Y S O L U T I O N S
N E W S L E T T E R V O L . 3 S 2
In this special issue we are featuring the mixed
use developments in the Visayas that will
eventually shape its landscape. Township
developments has been touted as the next big
thing in real estate, thus it merits to have a
closer look.
Cebu Business Park
The 50-hectare development features the 9-
hectare Ayala Center Cebu shopping mall. Cebu
Business Park, one of the region’s biggest BPO
hubs, features many leading firms in the
industry. Such as, Sedona Park condominium,
Park Point Residences and 1016 Residences.
Cebu IT Park was formerly known as the
Asiatown IT Park to provide more emphasis on
its base city. The 27-hectare economic zone
houses 70 percent of the city’s BPO industry
with spaces for offices and relative services and
contributed 23,000 jobs to the local workforce
in 2011.
2. NOVEMBER 2018 VOL. 3
Citta Di Mare
Citta Di Mare by Filinvest Land, or otherwise
known as the “City by the Sea,” is located along
Cebu City’s coastline, a 50-hectare
development with the ambition of establishing
itself as the Lifestyle Capital of Cebu.
The development on the area is a joint-venture
development project between Filinvest Land,
Inc. and the Cebu City Government.
Iloilo Business Park
Iloilo Business Park (IBP) is a 72-hectare mixed
use development project in Mandurriao district,
Iloilo City, Philippines. It is developed by
Megaworld Corporation and is the company’s
first investment made outside Metro Manila.
Redefining the city as a world-class hub
throughthe 72-hectare Iloilo Business Park – the
company’s multi-awarded township
development in Western Visayas.
The initial phase of development saw the
establishment of the Department of Tourism’s
Iloilo Convention Center (ICon), which stood on
a 1.7-ha lot donated by property giant
Megaworld.
The township also brings world-class office
towers to the province. Seven BPO companies
are now occupying the five existing office
towers within the township, collectively
catering to more than 15,000 BPO workers at
present. The nine-hectare commercial district
at IBP will also become the home of the
regional headquarters of some of the country’s
leading financial institutions, like the
UnionBank of the Philippines and Metrobank.
The Iloilo Boutique Hotel and Commercial
District is the newest phase of the Iloilo
Business Park. Prime lots in this district are
available to those exclusively invited to become
an integral part of the business park’s
development.
Pueblo de Panay
Pueblo de Panay is poised to change the
landscape of Roxas City in Capiz. This 500-
hectare mixed-use, Filipino-inspired
township would not only serve as the live-
work area of choice, but may more
importantly, become a center of economic
and social progress in the province.
The township is planned to eventually
include future locators such as a
university, a hospital, a four-star hotel,
food terminal complex, and themed
residential communities, foremost of
which is Sitio Uno, the first premiere
vertical mixed-use condominium in Capiz.
Vista City Iloilo
Vistaland said its Vista City Iloilo will cover
about 500 hectares, spanning the
municipalities of Oton, Pavia and San
Miguel on Panay Island. The property is
close to the University of the Philippines
Visayas, Central Philippine University,
University of San Agustin and the West
Visayas University, as well as the Western
Visayas Medical Center and The Medical
City Iloilo, the company said.
The Upper East
The Upper East is located on a 34-hectare
property that used to be the Bacolod-
Murcia Milling Company (BMMC) on the
eastern side of Bacolod City. It is bounded
by Burgos Avenue on the north, Lopez
Jaena Street on the west and
Circumferential Road on the east and is
just across the New Government Center.
This prime location, which the locales
simply refer to as “East,” is now known to
be Bacolod’s booming commercial and
business process outsourcing (BPO)
district.
Property MarketWatch is a publication of AA Property Solutions that aims to provide clients
and real estate practitioners with the best available market update and knowledge to make well
informed decisions on real estate investments and transactions.
3. NOVEMBER 2018 VOL. 3
Northill Gateway
On the northern part of Bacolod, where the
famous Sugar Road was built, the second
township will soon rise and will be called
Northill Gateway. It is located on a 50-hectare
property along the new Circumferential Road
on the boundary of Talisay City and Bacolod
City that has direct access to the new Bacolod-
Silay Airport.
A joint development of Megaworld and its
wholly owned subsidiary Suntrust Properties,
Inc. in partnership with the Lacson Family,
Northill Gateway will rise in an area that has a
direct link to The Upper East via the
Circumferential Road. It is envisioned to be a
refreshing lifestyle district that will house
upscale residential villages, mixed-use office
and retail developments, leisure and
recreational amenities as well as institutional
facilities.
Sta. Barbara Heights
Located at Brgy. Inangayan in Sta. Barbara,
Iloilo, the 170-hectare Sta. Barbara Heights is a
mixed-use development of Megaworld's Global-
Estate Resorts, Inc. in Western Visayas. Thirty-
four hectares of Sta. Barbara Heights will be
used for residential lots, which offer a scenic
backdrop of rolling hills and natural lake.
The historical landmarks of the Iloilo Golf
Course and Country Club – the oldest in Asia –
as well as the Santa Barbara Church and
Convent are also adjacent to the property for
ease and convenience of its future
homeowners.
Mandani Bay
Hongkong Land and the Gaisano-owned Taft
Properties are partnering to develop a 20-
hectare property in Mandaue City which
company officials said would require billions of
dollars of investments to complete.
Three of Mandani Bay Quay's four towers
are residential buildings while the fourth
is designed as an office tower.
Gatewalk Central
Ayala Land Inc. and AboitizLand are
shelling out P26 billion to build a 17.5
hectare business district and lifestyle
destination in Mandaue City, Cebu.
The project called Gatewalk Central will
include office buildings, residential
options, parks, an Ayala mall, and other
retail selections. The Ayala Mall, which will
feature Landmark department store as its
anchor, will open in 2019.
Gatewalk Csntral will also have a wide mix
of popular global and local brands, family
dining, entertainment concepts, and BPO
office space.
Northside Beacon
Duros Land Properties Inc. (DLPI) recently
launched Northside Beacon, an PhP8-
billion, 200-hectare spread situated in two
separate areas in the town of Liloan, 23
kilometers north of Cebu.
The two central amenities are the 18-hole
par 72 Liloan Golf Course, and the full-
fledged elementary and senior high
school called the Divine Life Institute of
Cebu.
Other features include a strip mall, the
Woodlands Resort Communities with a
clubhouse, first phase of a high-end
verdant subdivision dubbed Fairway
Estates, first phase of the economic
housing project, a retirement village, and
a supplemental Japanese language
learning institution within the school.
Property MarketWatch is a publication of AA Property Solutions that aims to provide clients
and real estate practitioners with the best available market update and knowledge to make well
informed decisions on real estate investments and transactions.