Megaworld Unveils The Upper Central: A New

Megaworld Unveils The Upper Central: A New | Daily Tribune

Township developer Megaworld, through its subsidiary Global-Estate Resorts Inc., is developing a 117-hectare integrated lifestyle community in Cagayan de Oro City.

“We are envisioning to build a whole new lifestyle district in this higher part of Cagayan de Oro. The views are just amazing and breathtaking, and we are excited about how this area will be transformed into a vibrant community,” Monica T. Salomon, GERI president, said.

The Upper Central will feature residential villages, a pedestrianized commercial and shophouse district, mixed-use developments, and its own town center highlighted by scenic views of the Macajalar Bay and the Malasag Mountain Range. It is located along J.R. Borja Road, in the highlands of Barangays Gusa and Indang overlooking Downtown CDO.

“For the past years, our group has been carefully evaluating the concept of development that we want to put in this bustling city. Now is the perfect time to take part in the booming real estate industry of this side of Mindanao,” Kevin L. Tan, president and chief executive officer of Alliance Global Group, the parent company of Megaworld, said.

The Upper Central will also have a central park, distributed landscaped open spaces, and several viewing decks for future visitors and residents. There will also be mountain and bike trails as well as an adventure park.

Around 40 percent of the entire township will be dedicated to green and open spaces, including roads.

It is strategically located just 10 to 15 minutes away from the city’s downtown area, and less than an hour away from Laguindingan International Airport, the main airport of Cagayan de Oro and the entire region of Northern Mindanao.

GERI is allocating an initial P5-billion to develop the entire integrated lifestyle community in the next 10 years.

“The Upper Central will be a milestone development as it is our 35th township launched on our 35th year in the Philippine real estate industry. As we develop this new township, our vision as a developer remains: to help uplift the lives of the community and also to help propel the local economy through the jobs that we create. We hope to impart this lasting impact to Kagay-anons and the rest of the people of Mindanao,” Lourdes Gutierrez-Alfonso, president of Megaworld, added.