Property

Megaworld’s upscale subdivision in Cavite sold out, raises P3B

Bilyonaryo Andrew Tan’s Megaworld sold out its first upscale residential village in Trece Martires, Cavite within seven months of its launch, raising about P3 billion in sales.

Sales of the 18-hectare Arden Botanical Village peaked during the second quarter, generating nearly P1.4 billion from 133 lots sold.

From P23,000 per square meter last December, lot prices in the Scandinavian-inspired village jumped to P31,000 per sqm in May this year or an increase 35% in less than a year.

“Amid the lockdown, we have booked sales from buyers in the Philippines and across the world who were looking for purposeful, more livable spaces to build a house. Arden Botanical Village’s concept gave us a convenient push, and the unique concept of Arden Botanical Estate as an integrated lifestyle community was a huge factor in selling this fast even amidst the pandemic,” said Eugene Em Lozano, first VP for sales and marketing at Megaworld.

Thoughtfully designed by renowned Filipino landscape architect and environmental planner Paulo Alcazaren, Arden Botanical Village offers 329 lots targeted for turnover in 2024.

Megaworld and its subsidiary Global-Estate Resorts Inc. have committed to spend P18 billion to build the 251-hectare Arden Botanical Estate in the next 10 years.

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