P35-B Megaworld Investment in Bacolod to Generate 250,000 Jobs
Image credit www.megaworldcorp.com
Megaworld Corporation revealed in its press release on March that it will develop two townships in Bacolod City with P35-B investment, the biggest real investment ever in Negros Occidental.
The first township is a 34-hectare property that used to be the site of sugar mill Bacolod Murcia Milling Company (BMMC) on the eastern site of Bacolod City. The site has been referred to by the locals as “The East” and is now a booming commercial site for BPO.
Inspired by New York City’s affluent Upper East Side district, THE UPPER EAST will be Bacolod’s own version of an upscale lifestyle district where residential condominiums, malls and commercial centers, BPO office towers, tourism and leisure facilities as well as recreational parks and open spaces are integrated to create an exciting LIVE-WORK-PLAY township, which Megaworld pioneered in the Philippines.
“Finally, the people of Bacolod and Negros will be able to experience what we have offered in Eastwood City, Newport City and McKinley Hill. We are very excited to bring our pioneering LIVE-WORK-PLAY concept to the City of Smiles. We will build THE UPPER EAST with a vision of making it as Bacolod’s new central business district or CBD,” says Jericho P. Go, senior vice president, Megaworld.
On the northern part of Bacolod, bordered by Talisay City, where the famous Sugar Road was built, the second township will soon rise and will be called NORTHHILL. It is located on a 50-hectare property along the new Circumferential Road on the boundary of Talisay City and Bacolod City that has direct access to the new Bacolod-Silay Airport.
“Just as what we have done with our other developments, we will transform the sugarcane fields into a bustling new district. Within five to ten years, we envision this area to be the most sought-after business and lifestyle address for Negrenses,” adds Go.
Once completed, the two integrated urban townships will generate around 250,000 direct and indirect jobs in BPO, construction, transportation, commercial and retail businesses.
“We are still finalizing the master plans of the two townships. But one thing for sure, we will be able to provide thousands of jobs to the people of Negros once these two developments are completed,” says Go.
With the creation of Negros Island Region, Negros Occidental and Negros Oriental can expect more projects like this according to local economists.
Bacolod City recently tops the lists of most sought city to live by online property seekers, ahead of Antipolo City.
Source: Megaworld Press Release
