Top property developer Megaworld Corporation is bringing its European inspirations for the first time in Iloilo. The company unveiled its second residential condominium project at the Iloilo Business Park, a 72-hectare township development in the site of the Old Iloilo Airport in Mandurriao, Iloilo City.

Set to be completed in 2018,  Lafayette Park Square is a 14-storey single tower, which will feature French and Spanish architectural designs. It will be reminiscent of the majestic chateaus that dot the border shared by France and Spain evoking a lifestyle of charm and elegance.

Lafayette Park Square (Artist’s Perspective)

Lafayette Park Square (Artist’s Perspective)

Lafayette Park Square will rise beside Megaworld’s first residential condominium cluster, the three tower One Madison Place, which was sold out in less that eight months since it was launched in March 2013.

“We are very excited to introduce a new concept for Iloilo. Because of the overwhelming reception of the Ilonggo market to Megaworld’s first residential condominium cluster, we want to offer something new, elegant and sophisticated. We believe the European feel will be a perfect fit for the upscale Iloilo market,” says Jennifer Palmares-Fong, head of marketing for residential business, Iloilo Business Park.

Lafayette Park Square will have 289 residential units that range from studio to three bedroom layouts, the biggest of which is expansive with more than 100 square meters of floor area. The tower will feature a third floor amenity deck with its exclusive swimming pool and kiddie pool and pool lounge, a Jacuzzi, a state-of-the-art fitness gym, a spacious social hall, a daycare center and children’s play area, a reading nook and garden and a covered sitting area. Additionally, an arcade of commercial and retail shops will occupy the tower’s ground floor.

Megaworld is expecting sales of around P1.4-billion for this project this year.

Last year, Megaworld announced the expansion of Iloilo Business Park from 54 hectares to 72 hectares, making it one of the biggest mixed-use developments of the company in the country.

This year, the company is set to complete the construction of its first three BPO buildings covering around 25,000 square meters of leasable spaces.

Richmonde Hotel Iloilo, the first hotel to be completed in the township, is scheduled to be operational by early next year. Another business hotel, Courtyard by Marriott, and the much-anticipated Iloilo Convention Center, are now under construction in the heart of Iloilo Business Park. The proposed Megaworld Central Mall likewise has already started its construction and is scheduled for completion next year.

Iloilo Business Park will also be home to a 1.1 kilometer Festive Walk commercial strip, a boutique hotel and commercial district, open parks and leisure hubs.

For reservation and inquiries on Megaworld residential projects, contact Carlene Caratao, Marketing Manager at Megaworld International.