Megaworld Corporation, the country’s #1 residential condominium buildings developer, is still quite bullish for the real estate industry, as it expects P1.4 billion in sales revenues from its fifth Greenbelt-area project.
Dubbed Greenbelt Madison, the 31-story building will rise along Salcedo St. in Legaspi Village, Makati City. The location puts it a block away from Ayala Avenue, the country’s main financial artery.
Greenbelt Madison will have 276 executive studio and 2-bedroom units. Groundbreaking is slated for next year, with turnover scheduled towards the late part of 2012.
Megaworld is slated to deliver all units fully furnished upon turnover, its fourth such offering after Greenbelt Chancellor, Greenbelt Excelsior and One Central.
“Despite the ongoing financial crisis abroad, we are quite confident with Greenbelt Madison because of its prime location near Ayala Avenue and Makati Medical Center. We expect it to sell out in the next few months, just like its highly successful predecessor projects,” Megaworld VP for Marketing and project head Clifford Legaspi disclosed.
The project is Megaworld’s fifth offering within this prime Makati area. Already finished are Greenbelt Parkplace and Greenbelt Radissons. Now under construction are Greenbelt Chancellor and Greenbelt Excelsior.
Among the amenities planned for Greenbelt Madison are a 15-meter lap pool, gym, wading pool and a grand lobby. Parking will be allocated for residents across two basement levels and five podium floors.
Given the project’s location within the Makati business district, Megaworld is targeting “doctors, executives, entrepreneurs and investors” for Greenbelt Madison, according to Legaspi.
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