Mactan Island in Metro Cebu is currently the darling for investments outside Metro Manila.
Thanks to its robust economy coupled with the cosmopolitan lifestyle of Cebuanos, Metro Cebu is attracting top local and international companies from the real estate and business process outsourcing (BPO) industries looking to expand their businesses in the Philippines.
Megaworld, the country’s leading real estate developer and biggest BPO landlord, has come to Metro Cebu to build another successful township named The Mactan Newtown.
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A NEW CITY RISING
The company has set aside a whopping P20 billion to develop a 20-hectare property in the next five to seven years.
Patterned after the pioneering Eastwood City, the Philippines’ first IT Park in Libis, Quezon City, The Mactan Newtown is envisioned to see the rise of residential towers, modern offices, luxury hotels, upscale mall, and other retail and commercial establishments.
The Mactan Newtown will be similarly embracing the revolutionary “Live, Work, Play, Learn” concept of its visionary founder, Dr. Andrew L. Tan.
The central idea is for Cebuanos to never have to venture too far from their humble abodes to enjoy the best things that life has to offer.
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FIRST PHASES ARE ALREADY SOLD OUT
The Mactan Newtown has already sold out the four-tower 8 Newtown Boulevard and the three-tower One Pacific Residence.
This is after only a few months since its launch in 2012.
STILL TIME TO GET IN
The first tower of One Manchester Place, the third cluster of condominiums to be developed in The Mactan Newtown, is currently in its pre-selling stage, generating an equally incredible response from the market.
Noli D. Hernandez, president, Megaworld Cebu Properties, Inc., said: “We see a growing demand for residential condominiums in Mactan so we are aggressively expanding the residential component of our township. During the past year, we have easily sold out our two residential clusters, 8 Newtown Boulevard and One Pacific Residence."
He added: "This is a clear indication of a strong, vibrant market for residential condominiums in Mactan Island.”
A three-tower condominium cluster, One Manchester Place will have a direct access to an upcoming mall in the township.
THE NEXT BPO HUB
Believing in Cebuanos as world-class talents, particularly in the BPO sector, Megaworld has recently announced that it is alloting an estimated 150,000 square meters of office spaces in The Mactan Newtown within the next three to five years.
“Just like in Metro Manila, Cebu’s BPO industry is seeing significant growth in recent years. And Megaworld wants a piece of the action. In fact, we can actually add up more leasable office spaces if the demand is really high,” says Jericho Go, first vice president, Megaworld.
He added: “Cheaper labor, abundant manpower, affordable location, and right assistance from the local government make Cebu ripe for BPO businesses.”
PLANS FOR THE FUTURE
Faced with the high demand for BPO spaces with One World Center, construction for the Two World Center is being ramped up to be completed by the first half of 2014.
Go predicts The Mactan Newtown to generate around 40,000 full-time BPO employees by 2018. The Mactan Newtown has been getting great interest from top BPO companies to set up their offices in the township since it was launched over a year ago.
ENTHUSIASTIC POTENTIAL CUSTOMERS
One such international outsourcing firm is the Results Companies (Results Manila), the leading global provider of customer management and business process outsourcing solutions for over 20 years.
“Cebu is home to a great pool of talented, educated people with exceptional drive for exceeding customer expectations. We expanded our office in Cebu to allow us to diversify our locations for our clients and internal business continuity planning,” says Kevin Betts, vice president for Facilities Development and Administration, Results Manila.
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‘Learn’ at The Mactan Newtown
Fulfilling its promise to provide an environment that promotes learning, Megaworld has tapped the Lasallian Schools Supervision Office (LASSO) to build a world-class learning facility within The Mactan Newtown.
The educational center that will be supervised by LASSO, an implementing arm of the esteemed Lasallian Schools Supervision Services Association, Inc. (LASSSAI), is set to open its doors initially for primary level in the school year 2016 to 2017.
“Having a school with reputable brand will not only help build credibility for the township, but more importantly, it will help improve the quality of education provided within the region,” adds Hernandez.
PLANS FOR A NEW SCHOOL
UNDER LA SALLE
To be developed on a 7,000-square-meter piece of land, the school will be a multi-level building complete with state-of-the-art facilities.
“The school in The Mactan Newtown will primarily have strong Catholic orientation that can teach minds, touch the hearts, and transform lives. It also pays tribute to the region’s history and tradition,” says Br. Ophelia S. Fugoso, AFSC executive director of LASSO.
The Mactan Newtown is changing the Cebuano lifestyle by bringing the best of business, lifestyle, shopping, entertainment, and residences under one township in the picturesque Mactan Island.
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The Mactan Newtown