Manila—(PHStocks)—Due to the growing demand for luxury suites at the upscale community of McKinley West in Fort Bonifacio, Megaworld Corp. (PSE: MEG) is expanding St. Moritz by launching a second tower.
The nine‐storey tower will be built beside the first tower located strategically along the expansive Le Grand Avenue, just right outside the McKinley West Village.
St. Moritz Tower Two will have 32 private suites ranging from two‐bedroom to four-bedroom, with sizes up to 220 square meters. The tower will also offer bi‐level penthouses equipped with elevators that open to their suites’ own foyer area, keyless access to doors and indoor private pools in each suite.
All suites will be furnished with top European lifestyle brands, particularly the Philippe Starck collection of Duravit for bathroom fixtures, Liecht for kitchen design, and Bosch for home electronics.
“Our first tower has been well‐received by the top‐tier market. Each suite in St. Moritz offers an intimate space for the private yet sophisticated individual who values self-fulfillment. With the launch of the second tower, we hope to further expand our offerings to the luxury property market,” says Rachelle Penaflorida, vice president for sales and marketing, Megaworld.
Suites at St. Moritz now value at around P230,000 per square meter, up 21% compared to its price two years ago.
“McKinley West’s strategic location beside Forbes Park and the Manila Polo Club makes it an attractive preference for property investment in the entire Fort Bonifacio. We expect property prices to even go up in the next two to three years,” explains Penaflorida.
Megaworld has commissioned UK‐based architectural firm, Broadway Malyan, to design the St. Moritz residential development.
The tower’s completion is scheduled in 2019.