ILOILO CITY Development and Tourism:
Development Updates

Friday, October 31, 2008

Iloilo Business Park by Megaworld Corp.

Project Details: Urban property developer Megaworld Corporation has acquired the 54-hectare old airport lot in Mandurriao for P1.2B. Megaworld has also announced plans to invest P1.5B to develop it into a Business Process Outsourcing (BPO) hub, the first ever in Western Visayas.

The corporation hired the services of Palafox and Associates to make their master plan in the old airport site. The proposed 54.5 hectare Iloilo Business Park by Megaword will adopt a concept of “live-work-play-learn community.” It will have BPO offices, residential condominiums, a hotel, convention center, commercial and retail center, skills training center and recreational facilities. The investment by Megaworld in Iloilo is the first investment made by the corporation outside Manila.

Aerial view of Megaworld Property

Aerial view of Megaworld Property. Photo by Bernardo Arellano III