Megaworld Increases Capital Spending to P15B for Cavite Township
Cavite, Philippines—Property giant Megaworld is increasing its 10-year capital spending to P15 billion to build the 140-hectare Maple Grove township in General Trias, Cavite. The development highlights the first Megaworld Lifestyle Mall, a two-level, 24,000 sqm “sustainable” mall, in Cavite City.
Taking its inspiration from the “greenhouse,” the mall will be equipped with light-transmitting architectural systems that maximize the use of natural sunlight while maintaining comfort cooling condition in the building.
It will have water recycling facilities and provisions for roof solar panels.
“We’re fast-tracking the developments in Maple Grove as we see a growing demand from both residential and office market in this area,” said Megaworld Chief Strategic Officer Kevin Tan.
Dubbed as the “Green City of the South,” Maple Grove boasts sustainability features such as a Rainwater Park, which is a two-hectare tree park designed to accommodate the township’s rainwater runoff, a landscape drip irrigation system, bike lanes, central material recovery facility, pocket gardens and tree parks, and vertical gardens in various buildings.
“The whole idea of Maple Grove is to make it walkable and environmentally sustainable. This will so far be our greenest township,” Tan said.
Maple Grove is accessible via the Coastal Road and CAVITEX.