Megaworld Corp. is investing P28 billion over the next 10 years to develop its first integrated township in Bacolod City, which is being positioned to be a central business district in the area.
The propery company of tycoon Andrew L. Tan said it will start construction for the 34-hectare project dubbed The Upper East. The project takes inspiration from New York’s upscale lifestyle district of the same name.
“The Upper East will be the city’s first master-planned mixed-use community that integrates the live-work-play components of an integrated urban township…Around 35% of the township will be dedicated to parks and open spaces. We are excited to build Bacolod’s new and modern central business and lifestyle district,” Megaworld Vice President for Sales and Marketing Rachelle Peñaflorida said in a statement. — Arra B. Francia

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