Megaworld Corp., the biggest lessor of office spaces, expects to generate around P1.4 billion from a newly-launched residential development within its 140-hectare Maple Grove township project in General Trias, Cavite province.
Megaworld said the 16-story La Cassia Residences, its second residential development in Maple Grove, would offer 238 units in sizes ranging from 27.5 square meters to up to 88 sq. m.
Eugene Em Lozano, first vice president for sales and marketing, said Megaworld launched its second residential project in Maple Grove to meet the growing demand for residential condominiums in Cavite.
“There is a growing demand for residential condominiums in this part of Cavite especially among the next generation Caviteños who are excited to see the next phase of Cavite and experience a more dynamic lifestyle,” Lozano said.
“Inspired by nature’s grand design, La Cassia Residences will not only offer complete lifestyle experience for its residents but also a prime address surrounded by natural foliage while introducing the beauty of the outdoors into each home. Even the amenities will complement the lushness of its surroundings,” he added.
Scheduled for completion by 2025, La Cassia Residences is strategically located in front of a green park.
It will feature amenities that include a swimming pool with pool deck, function hall, fitness center, outdoor fitness facilities, daycare center and a walkway area.
Megaworld in 2017 launched the Maple Grove Commercial District, in which 363 commercial lots were sold out in just less than a year. The district will be surrounded by seven green and open park, including an expansive ‘Central Park.’
A year after, the company launched its first residential development, the 10-story The Verdin at Maple Grove alongside its first office development, the 17-story One Corporate Place that offered 93 office units for sale.
Megaworld is also constructing a two-level ‘greenhouse-inspired’ Maple Grove Town Center, its first mall development in General Trias.
Maple Grove boasts of several sustainability features that include a rainwater park, a two-hectare tree park designed to be a catchment basin for rain water runoff, a landscape drip irrigation system, bike lanes, pocket gardens and tree parks, as well as vertical gardens in several buildings around the township.
The property firm earlier earmarked P15 billion to build the township within 10 years.