Megaworld’s Shophouses in Pampanga Are Selling Fast
Pampanga, Philippines–Property developer Megaworld has sold around 70 percent of its Shophouse District, which is part of its Capital Town development in San Fernando, Pampanga.
The 6.3-hectare Shophouse District, composed of 98 lots ranging from 276 square meters to 680 square meters, allows the lot owners—ideally, local entrepreneurs from Pampanga—to build their own three-level shophouses in neoclassical and art deco architecture. They can use the ground and second levels of the shophouse for commercial purposes while the third level may be used as a residential space.
Businesses such as retail, food and beverage, pet shops, fashion boutiques, out-patient clinics, product showrooms, out-patient clinics, and boutique hotels are allowed in the district.
The district will adopt a “walkable” concept where people can just freely stroll along cobblestone-inspired alleys and walkways while enjoying the architecture as well as the urban and heritage art installations—about 40 percent of the entire district is dedicated to open spaces including alleys, roads, and easements.
Megaworld expects P1 billion in sales from the Shophouse District whose lot prices range from P12 million to P32 million.
The turnover of lots to owners will start by the year-end of 2019.
Capital Town is Megaworld’s first township development in Central and Northern Luzon, which features residential condominiums, mall and retail establishments, office towers, open parks and gardens, an amphitheater, a museum, and the biggest the McDonald’s store in Central Luzon.