Megaworld Corp. (PSE: MEG) is building its fourth residential development in the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.
The 20-storey La Victoria Global Residences will offer 181 spacious units ranging from studio of up to 40 square meters; one-bedroom units of up to 53 square meters; two-bedroom units of up to 80 square meters; and three-bedroom units of up to 118 square meters. All units will have their own balconies, overlooking the sea and the mountains.
Featuring an architecture inspired by Spanish edifices, the tower will reflect the historical significance of Galleon Victoria, the ship that brought Ferdinand Magellan to Cebu Island in 1521, who eventually faced a fatal defeat from the forces of Filipino warriors led by Lapu-Lapu.
“Galleon Victoria arrived in the Philippines in 1521, and completed its circumnavigation of the globe in 1522. This piece of history that eventually showcased the victory of native Filipinos will be commemorated by this new residential tower inside The Mactan Newtown,” explains Noli D. Hernandez, president, Megaworld Cebu Properties Inc.
On the tower’s central façade, just below the tower’s name, will be an inscription of the inclusive years that Galleon Victoria spent to complete its circumnavigation of the world.
“We launch this tower 500 years after Magellan was appointed captain of Galleon Victoria’s expedition and we hope to complete this in 2022 when we commemorate the ship’s 500th year of circumnavigation,” adds Hernandez.
La Victoria Global Residences’ main lobby will be designed with elements and installations that are significant to the Spanish expedition. The amenity deck at the third level will be highlighted by an infinity pool and kiddie pool with covered pool lounge and wooden sunbathing deck, relaxation and reading lounge, children’s play area, function room, fitness center, fitness trail and jogging path, and day care center.
Total sales for this fourth residential project in the township are expected to reach PhP1.5 billion.
In late 2011, the company launched its first residential development, 8 Newtown Boulevard, which eventually won as Best Luxury Condo Development in Cebu in the 2016 Philippines Property Awards and the Outstanding Residential High-Rise Development in the 2016 Real Estate and Property Awards by FIABCI-Philippines.
The following year, the company also launched One Pacific Residence, which also won the Best Residential Architectural Design in the 2017 Philippines Property Awards, and in 2016, it launched One Manchester Place, the third residential development in the township.
The Mactan Newtown is Megaworld’s first and only township that has its own beachfront. It is currently home to almost 10,000 BPO and office workers. It is also home to the company’s first school in Visayas and Mindanao, the Lasallian-supervised Newtown School of Excellence.