Megaworld Corp. said it expects to generate P2 billion in sales this year from the company’s first residential project in the 11.2-hectare Davao Park District.
Megaworld said in a disclosure to the stock exchange wholly-owned unit Suntrust Properties Inc. nearly sold out the first tower at One Lakeshore Drive, prompting it to immediately launch a second tower in January.
“We are very happy with the overwhelming reception of Davaoeños to our first residential project in Davao Park District. Our experience is far beyond what we have expected,” Suntrust Properties president Harrison Paltongan said.
One Lakeshore Drive is a four-tower residential condominium cluster that will rise at the center of Davao District Park.
Suntrust also teamed up with PLDT Home, a leading multimedia solutions provider, to provide every resident with connectivity through Fibr, Telpad and DSL services.