Megaworld expects sales of P5B from 5th Bacolod residential tower

Megaworld Corp. said Wednesday it will launch its fifth residential tower in its township project in Bacolod City, a twin-tower, 26-storey condominium expected to generate P5 billion in sales.

The 643-unit Kensington Sky Garden will be built within The Upper East township, the 34-hectare development of Megaworld, and is scheduled for completion in 2029.

Designed with Victorian era influences in New York, Kensington Sky Garden units range from 40 square meters to 110 square meters, with each equipped with wireless home system and devices that can be accessed remotely. The ground level exterior will also feature several retail spaces, and two basement levels will be allocated for parking. 

The property will be its own electric vehicle-charging facility in its basement parking area, the first of its kind in Bacolod City, in preparation for the influx of electric and hybrid cars in the near future. Other green and sustainability features, include low flow rate fixtures to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, LED lights for units and common areas, rainwater harvesting system, and its own materials recovery facility. 

The four other residential developments inside The Upper East are One Regis, Two Regis, One Manhattan, and Herald Parksuites, which have a combined total of 1,028 units. 

Megaworld, the listed property arm of billionaire Andrew Tan, is expected to start by next year the construction of the 300-room Kingsford Hotel and the Upper East Mall.