Connect with us

Hi, what are you looking for?


Megaworld launches P5.2-B residential condominium in Pasig


MEGAWORLD Corp. launched its third residential condominium in its development in Pasig City from which it expects P5.2 billion in sales.

The 50-storey Arcovia Parkplace will be situated in the listed company’s 12.3-hectare Arcovia City located along Circumferential Road 5 (C-5) scheduled to be turned over by 2029.

In a press release, Megaworld said the new residential tower will be the company’s tallest residential tower in the development. It will offer 494 units ranging from a studio unit, without a balcony, at 32 square meters (sq.m.) to a three-bedroom penthouse, with a balcony, spanning up to 195 sq.m.

Amenities in the tower will be on the seventh level and will include swimming pools, pool lounge, raised lawn garden, multi-purpose sunken lawn, fitness center, outdoor fitness area, children’s playground, function hall, private dining room, game room, daycare center, and co-working spaces.

According to the press release, the tower will also have sustainability features including occupancy sensors for hallway lighting, low flow rate fixtures for faucets, energy-efficient equipment, a rainwater reuse facility, and a material recovery facility.

“All units of Arcovia Park Place will also be equipped with wireless smart home systems and devices with WiFi routers,” the company said.

Megaworld will also be rolling out an artificial intelligence (AI) technology through its Township Analytics and Technology (TAT) lab, which aims to strengthen the safety and security of its townships.

It will develop, deploy, and improve machine learning models through the use of AI for the safety and security of Megaworld’s townships.

“For quite some time, developers like us are racing towards the creation of smart cities and our Megaworld TAT Lab will be able to bring us to our vision of making truly ‘smart townships’ especially in the field of safety and security,” Megaworld Head of Data Analytics Francis Viernes said.

On the stock market on Wednesday, Megaworld’s shares lost four centavos or 1.87% to P2.10 apiece. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



REUTERS THE Philippine Chamber of Commerce and Industry (PCCI) said the issues raised against joining the Regional Comprehensive Economic Partnership (RCEP) should pose no...


REUTERS THE PHILIPPINES will need to tap emerging technology like green hydrogen to shore up energy security during its transition to green sources of...


REUTERS UPGRADED CYBER-DEFENSES need to accompany greater adoption of the blockchain, artificial intelligence, and financial technology, extending the blanket of security to other entities...


REUTERS FARMER organizations are asking the government not to extend a scheme of lowered tariffs on food imports, which expire at the end of...


By Arjay L. Balinbin, Senior Reporter INCREASED investment in maritime supply chains, including ports, shipping fleets, and hinterland connections, is needed to boost sustainability...


The social and economic effects of the pandemic were on a scale so massive that many did not see an end in sight. However,...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.