MANILA - Megaworld Corp said Wednesday it expected to generate around P2.5 billion in sales from an upscale residential development in Trece Martires, Cavite.

The 18-hectare Arden Botanical Village, will have 329 "wide" lot options of 280 to 609 square meters, the company said in a disclosure to the stock exchange. It is part of the larger, 251-hectare Arden Botanical Estate.

Lot prices range from P18,000 to P22,000 per square meters, it said.

“Arden Botanical Village will be built around the natural features that thrive in the estate, providing purposeful, livable spaces for its residents. Because the location is naturally gifted with greeneries that couldn’t be found in any other residential villages, we want to preserve and highlight them in our development,” first vice president for sales Eugene Em Lozano said.

The residential village will be completed by 2024, Megaworld said.