MANILA, Philippines - Megaworld Corp. has launched the third tower of its One Madison Place, due to strong demand for luxury residential condominiums in Iloilo City.
Megaworld said One Madison Place's first tower is already sold out, while the second tower is nearly 80% sold.
The third tower will complete the three-tower residential condominium cluster of One Madison Place. Pre-selling for the third tower will start by end of August.
"We are very impressed with the response of the Ilonggos to One Madison Place. It usually takes a minimum of six months to sell out a project. But here, it only takes an average of two months," Jennifer Palmares-Fong, head of marketing, Iloilo Business Park, said.
One Madison Place is located along Megaworld Boulevard in Iloilo Business Park. The 10-storey third tower has studios to two-bedroom units.
"With the third tower, we will offer larger floor layouts to cater mostly to families. Modern luxury living has indeed found its niche here in One Madison Place – where the best of Iloilo will soon come home," she said. The project is expected to be completed in 2017.