New Iloilo Business Park Condominium Project Unveiled

ILOILO CITY, Philippines, September 30, 2014—Megaworld, the country’s leading real estate developer and pioneer of townships, introduces another modern luxury residential condominium that is poised to be the tallest building in the region. Standing 80 meters high at 22 storeys, The Palladium will also be Western Visayas’ first residential tower with its own skygardens in various floors overlooking the spectacular views of the booming city.

“Since last year, we have been experiencing consistent growth in the demand for residential towers in Iloilo Business Park. Everyday, we get inquiries about new projects and everyone wants the best views and amenities from the condominiums that they look for. That is why selling the four towers of our first two residential projects, One Madison Place and Lafayette Park Square, was very easy. And now, we are on our fifth tower which will be offering another set of unique, first-of-its-kind amenities and features that Ilonggos can boast of,” says Jennifer Palmares-Fong, head of marketing, Iloilo Business Park.

Named after one of the earth’s rarest precious elements, The Palladium will be built as a stylish urban oasis with four skygardens where residents can relax and enjoy serene moments with nature.

A total of 482 units ranging from studio (from 29.50 square meters), executive studio (from 39.50 square meters), one-bedroom (from 49.50 square meters) to two-bedrooms (from 83.50 square meters) will be available at The Palladium which will be divided into North Wing and South Wing. At the topmost floor of the tower, there will be exclusive loft units ranging from 76 square meters to 115 square meters.

Residents of The Palladium will also get to enjoy the state-of-the-art amenities that the tower offers. These include an infinity pool, a children’s pool, outdoor and indoor fitness center, day care center, lawn area for events, and a function hall.

From the outside, the first two levels of The Palladium will be allocated for commercial and retail shops.

“We are offering a unique living experience at The Palladium. Our loft units will be first-of-its-kind in Iloilo City and the entire Western Visayas, and our amenities will raise the bar of this city’s lifestyle for our future residents,” adds Palmares-Fong.

Iloilo Business Park is a 72-hectare township development, which is poised to be the Western Visayas’ biggest business and tourism hub located at the site of the old airport in Mandurriao district.

Megaworld has allotted P35-billion for the development of the township in the next 10 years, making it the company’s biggest single investment outside Metro Manila. Iloilo Business Park will be home to luxury residential condominiums, state-of-the-art Business Process Outsourcing (BPO) office towers, a Megaworld Center Mall, a 1.1-kilometer Festive Walk commercial and retail strip, open parks, transport hub, first-class hotels such as Richmonde Hotel Iloilo and Courtyard by Marriott Iloilo, and the much-anticipated 3,700-seating Iloilo Convention Center.

The Iloilo Business Park is expected to bring Megaworld’s pioneering ‘LIVE-WORK-PLAY-LEARN’ township to Western Visayas, following the success of other townships such as the 18.5-hectare Eastwood City, known to be the Philippines’ first IT park; the 50-hectare McKinley Hill, 34.5-hectare McKinley West in Fort Bonifacio; the 15.4-hectare Uptown Bonifacio and the five-hectare Forbes Town Center in Bonifacio Global City; the 25-hectare Newport City in Pasay City, home of the famous Resorts World Manila; the 12.3-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Lanang, Davao City; and the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.