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Megaworld Corporation Invests PHP 20 Billion For The Mactan Newtown

Wednesday, 20 Feb 2013 07:00pm EST 

Megaworld Corporation announced that the Company is investing PHP 20 billion within the next seven years for its 16-hectare township development, The Mactan Newtown, in Cebu. The township will include luxury residential condominiums, office towers, lifestyle malls, and Richmonde Hotel with sports and leisure facility. The Company has partnered with the Philippine Retirement Authority (PRA), allowing foreigners who want to retire in The Mactan Newtown get a Special Resident Retiree's Visa (SRRV). One World Center, the first office tower to rise in the township has been fully leased out.