The Albany - Residential Tower in the so-called "Billionaire's row" in McKinley West

Business World | Arra B. Francia

MEGAWORLD Corp. expects to generate P3 billion in sales from units at a low-rise, residential tower in the so-called “billionaire’s row” in McKinley West, Taguig City.

 

Megaworld Corp. is developing a new tower, The Albany, in McKinley West, Taguig City. -- MEGAWORLD CORP.

In a statement released on Wednesday, the listed property developer said it will offer only 64 units at The Albany, a low-density tower located beside Forbes Park and McKinley West Village.

 

Inspired by the ultra-luxury apartments in London’s Hyde Park, units will range from a P35-million two-bedroom suite (123 square meters) to a P96 million penthouse suite (up to 349 sqm).

 

“This is Megaworld’s first residential development that exudes the superlative features of everything exclusive, private and sophisticated,” Vice-President for sales and marketing Rachelle I. Penaflorida was quoted as saying in a statement.

 

The Albany’s three-level penthouse suites will have a private keycard-operated elevator that opens directly to the resident’s foyer, four bedrooms, maid’s room, five toilet and bathrooms, powder room, walk-in closet, dining area and a roof terrace with a private pool and grilling garden.

 

The two-bedroom and three-bedroom units are located on the lower floors, and also offers private keycard-operated elevators, as well as bedrooms with walk-in closets.

 

Megaworld tapped United Kingdom-based architectural firm Broadway Malyan for the project’s design. All the units will be furnished with kitchen systems by Leicht of Germany, cooking appliances by Bosch and Gaggenau of Germany, toilet and bathroom fixtures by Duravit’s Philippe Starck Collection, Hansgrohe Axor Starch and Grohe.

 

The Albany will also have a two-level deck with a wellness spa, sauna, fitness center, entertainment and game room, infinity pool, kids’ play park, cabanas, function halls, and Internet connections. In addition, have four levels of parking will be available for the residents.

 

Megaworld delivered an 11% growth in net income in the first three months of 2017 to P2.9 billion, boosted by the strong rental income and residential revenue which rose to P12 billion during the period, or 5% higher year-on-year.

 

Shares in Megaworld gained seven centavos or 1.51% on the Philippine Stock Exchange to close at P4.70 apiece.

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