BACOLOD CITY, March 21 — This Visayan city is the target of a P35 billion real estate investment project. The biggest real estate investment in Negros Occidental so far, Megaworld Corporation’s development projects are expected to create new business districts and 250,000 jobs in the next 10 years. Megaworld senior vice president Jericho Go led the unveiling of its two projects here Thursday, said they were building two townships in Bacolod that will integrate the “live-work-play” lifestyle.
The first township, dubbed “The Upper East,” is located on a 34-hectare property that used to be the Bacolod-Murcia Milling Company on the eastern side of the city. It will be the city’s version of an upscale lifestyle district with residential condominiums, malls and commercial centers, BPO office towers, tourism and leisure facilities, recreational parks and open spaces integrated to create an exciting “live-work-play-learn” township, an idea Megaworld pioneered in the Philippines.
The second township will rise on the northern part of the city, and will be called “Northhill,” to be located on a 50-hectare property along the new circumferential road on the boundary of Talisay City and Bacolod City that has direct access to the Bacolod-Silay Airport. A joint development of Megaworld and its subsidiary Suntrust Properties Inc., in partnership with the Lacson Family, Northhill will rise in an area that has a direct link to The Upper East via the Circumferential Road.
Upon its completion, the integrated urban townships will generate around 250,000 direct and indirect jobs in BPO, construction, transportation, commercial and retail businesses, 40,000 BPO jobs, with 200,000 multiplier effect, Go said.
(Photo credit: OneBacolod.com)
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