MANILA, Philippines — Megaworld Corp. is expanding its residential footprint in Cebu amid steady demand brought about by strong economic growth. The company launched the 20-story The Pearl Global Residences, its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The 20-story residential tower is expected to be completed in 2025 and will generate P2.3 billion in sales. To date, Megaworld has already launched 10 residential towers from four residential condominium developments in Mactan Newtown. Megaworld said the latest project would be the 11th residential condominium tower to rise inside Mactan Newtown, which has its own beachfront.

Source: Philippine Star January 14, 2020 16:52 UTC