MEGAWORLD CORP. is developing its sixth residential property inside the 72-hectare Iloilo Business Park (IBP) in Mandurriao, Iloilo City.

The Pinnacle will be the only residential condominium with IBP’s boutique hotel and commercial district. The 20-storey tower will have 572 units, ranging from studio (up to 34 square meters) to two-bedroom with deck (up to 113.5 sq.m.).

“Iloilo City, particularly Iloilo Business Park, remains an attractive location for property investments. Since we started selling our first residential condominium tower here in 2013, prices per square meter have already more than doubled. Those who bought a P3-million, 40-square meter unit seven years ago would see their property appreciating to about P6.8 million today,” Jennifer Palmares-Fong, vice-president for sales and marketing, Megaworld Iloilo, said in a statement.

The Pinnacle will have an amenity deck on the 5th floor, featuring a lap pool and kiddie pool, fitness center, outdoor fitness area, function room, outdoor lounge, daycare center, children’s play area, jogging path, private dining room, and an atrium garden. It will also have a three-level podium parking facility with a driver’s lounge.

The Pinnacle is due to be completed in 2026.