An artist's rendition of Noble Place, a condo project by Megaworld Corp. in Binondo Chinatown.
MANILA, Philippines - Megaworld Corp. said construction for its residential condominium project in Binondo Chinatown in on track for its scheduled completion by the first quarter of 2017.
Yuchengco-owned EEI Corp. has been tapped to construct Noble Place, a P4.5 billion project in Chinatown.
"The project is on schedule. The foundation is already done and the contractor is already starting the construction of the residential tower," Wilson Sy, head of sales and marketing, Chinatown group, Megaworld, said.
The 47-storey building will have 460 units, and is located next to heritage buildings of Chinatown. Each unit, ranging from two-bedroom to five-bedroom, will have its own balcony to enjoy views of Manila. There are also studio and one-bedroom units available.
Noble Place is located at the corner of Juan Luna and Dasmariñas streets.
"This residential development gradually reinvents the old and traditional image of Binondo Chinatown into a vibrant modern metropolis by ushering new upscale developments within the area," Sys aid.
The building's amenities include an infinity pool, tai-chi and picnic areas, a clubhouse and tent pavilion. There is a viewing deck on the 47th floor, as well as a badminton court.
Sy said Megaworld has committed to helping in the rehabilitation of Plaza Cervantes.
"We are committed to bring the old glory of Binondo with the restoration of their historical street," he said.