To be built in time to mark the 500th year of the circumnavigation of the world by the ship that inspired its name, the La Victoria Global Residences will add 181 units to the residential inventory at the 30-hectare township The Mactan Newtown in Lapu-Lapu City.
“We launch this tower 500 years after Magellan was appointed captain of Galleon Victoria’s expedition and we hope to complete this in 2022 when we commemorate the ship’s 500th year of circumnavigation,” said Megaworld Cebu Properties, Inc. President Noli Hernandez.
The building is the 4th residential tower at the township in Lapu-Lapu City. It will have 20 storeys with 181 units ranging from studio of up to 40 square meters, 1-bedroom units of up to 53 square meters, 2-bedroom units of up to 80 square meters, and 3-bedroom units of up to 118 square meters.
P1.5 billion projected sales
Hernandez said units will be sold starting at about P160,000 per square meter. He said the company projects total sales of the project to reach P1.5 billion.
All units will have their own balconies that face the sea and mountains, Hernandez said during the press announcement today in Cebu City.
The main lobby of La Victoria Global Residences “will be designed with elements and installations that are significant to the Spanish expedition,” he said.
He said that the tower will have an amenity deck at the 3rd level with an infinity pool and kiddie pool. It will also have a covered pool lounge and wooden sunbathing deck.
Right in the center
“La Victoria is actually right in the center of the whole township. We are placing so much importance on this project not only because it signals the success of our township but also because of its historical significance,” he said.
Megaworld launched in 2011 its 1st residential development in the township, 8 Newtown Boulevard. It was named Best Luxury Condo Development in Cebu in the 2016 Philippines Property Awards and the Outstanding Residential High-Rise Development in the 2016 Real Estate and Property Awards by FIABCI-Philippines.
The following year, the company launched One Pacific Residence. This won the Best Residential Architectural Design in the 2017 Philippines Property Awards, the company said. In 2016, Megaworld launched One Manchester Place.
Most units, except for a very few, have been sold, said Hernandez.
More tourists expected
“We already sold out 3 residential projects and more foreign retirees still looked for properties in our townships. More people who found work inside the Mactan Newtown are also looking for their own residential spaces,” Hernandez said.
“In a few years we also expect more tourists to come to our townships as we bring our 2 Megaworld homegrown hotel brands: Savoy Hotel and Belmont Hotel to the Mactan Newtown,” he said.
The Mactan Newtown is Megaworld’s only township that has its own beachfront. The company said it hosts 10,000 BPO and office workers. It is also the location of the Lasallian-supervised Newtown School of Excellence.