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Megaworld to deliver 5 residential schemes worth 30B pesos in Philippines

Megaworld Corp. revealed plans to hand over about 2,300 residential units across its five condominium developments in three townships in Fort Bonifacio, Philippines, valued at 30 billion Philippine pesos, to owners in 2018.

The launch represents the company's biggest inventory for turnover in the area within a 12-month period, said Megaworld's senior vice president for sales and marketing, Noli Hernandez.

Megaworld named The Florence Tower 1, Viceroy East Tower and The Venice – Giovanni Tower in McKinley Hill; St. Moritz Private Estate in McKinley West; One Uptown Residence and Uptown Ritz in Uptown Bonifacio among the projects slated for debut.

The Philippines-based real estate developer has developed four integrated urban townships in Fort Bonifacio that span 107 hectares and comprise McKinley Hill, McKinley West, Uptown Bonifacio and Forbes Town.

As of March 16, US$1 was equivalent to 51.93 Philippine pesos.