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Megaworld's GERI to build second tower in Southwoods
Megaworld's GERI to build second tower in Southwoods
ABS-CBN News
Published Feb 26, 2019 11:21 AM PHT
A render of the Apricot and Burgundy Towers at Tulip Gardens in Southwoods City. Handout
MANILA - Megaworld Corp said Tuesday its subsidiary Global-Estate Resorts Inc (GERI) would build a second tower within its 561-hectare Southwoods City development in Laguna province, which is expected to generate P1.3 billion in sales.
The Burgundy Tower in Tulip Gardens will be 22-storeys high with 361 residential units, ranging from 24.5 square meters to 41.5 sqm, Megaworld said in a disclosure to the stock exchange.
"The interest of buyers in Southwoods City is overwhelming and this has been the trend since we introduced our first residential development, the Holland Park, 3 years ago," said Megaworld Global-Estate Inc vice president for sales Rachelle Peñaflorida.
The Burgundy Tower is expected to be completed by 2024,
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