Overview
https://www.youtube.com/watch?v=QD2_0WkqEm8&t=1s
Megaworld Upper East in Bacolod is a New York-inspired business district that is strategically positioned in the central area of the City of Smiles. Developed by a prominent developer, Megaworld Corp, Upper East is a township-style project that puts you in walking distance to malls, parks, churches, offices, cafes, and museums.
Capital appreciation is surely guaranteed in the years to come!
The Condo Towers of the Upper East
Your search for the perfect midtown, upscale condo in Bacolod ends here.
- Tower 1: One Regis | Turnover: 2022 (Already has residences)
- Tower 2: Two Regis | Turnover: 2022 October + 6 months grae period
- Tower 3: One Manhattan | Turnover: 2024 Q4
- Tower 4: Herald Parksuites | Turnover: 2027 (lower monthly DP)
See Available Inventory and Pricing
Get Quote or Schedule Viewing
3 Entrances/Exits of Upper East
- Circumferential Road
- Lopez-Jaena
- Burgos Street
The following are confirmed to rise in Upper East
- Four condo towers
- Starbucks Reserve
- Tim Hortons
- Landers
- Central Mall
- BPO towers/Office centers
- Museum/Casa Emperador
- Church (south)
- “Most Beautiful” Mc Donald’s in the Philippines (east entrance) | as of Jun 2022
- Esplanade (south border)
- Power stations/ Gen Sets
- Open Parks
- Transport Hubs
Upper East Overall Composition
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Appreciating Land Value -
34 hectares upscale lifestyle district, ,New York-inspired. Complete with residential, commercial, malls, BPO, tourism and leisure facilities and recreational parks. -
30 meter, 6-lane wide Main Road, the “Upper East Avenue” spanning from Circumferential to Lopez Jaena St (+1km) -
35% open spaces -
LED and Solar-Powered Street Lights and Free Public Wi-Fi
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Preservation of Centuries-Old Acacia Trees -
Underground Cabling System for Power and Utilities, Drip Irrigation, Water Reuse and Landscaping -
Biking Network Facilities -
Designed to be flood-free -
Fiber Optic Technology 1 -
Free Public Wi-Fi
Nearby Landmarks
- Adjacent to Circumferential Road (East);
- Adjacent to Lopez-Jaena and woodworks area;
- Walking distance to: Lopues East, NGC, Hi-Strip, New Fun Park;
- 19 mins to Airport;
- 8 mins to SM Bacolod;
- 8 mins to Forbes Hill/Northill Gateway;
- 7 mins to Ayala Malls Capitol Centrale;
- 7 mins to Riverside Hospital;
- 5 mins to Metro Bacolod Hospital;
- 7 mins to the University of St. Lasalle and St. Scholastica
Contact agent for pricing or site viewing
Upper East featured in Rated K
Rated K is a program hosted by Korina-Sanchez Roxas
Available Units
- 1 BR with Loft and Lanai in Herald (Available as of Jan 11, 2023)
Brief History/Background
Megaworld was bought from the land of the Aranetas. Amado Araneta is one of Negros’ well-respected business tycoons. He is also the Araneta behind the developments in Cubao and Araneta Coliseum QC. With strategic partnership with Megaworld led by Dr. Andrew Tan, this dream location in Bacolod is now a reality. Andrew Tan is the Philippine’s 6th richest person ($2.3B) as per Forbes’ list.
This area was formerly the Bacolod-Murcia Milling Company (a sugar central where the harvests are milled).
Aside from the inspiration from New York, this township community will be situated at the east / upper east area of the city, hence the name Upper East. This land now is surrounded by the Lopez-Jaena street at the West, Burgos Street on the north and Circumferential / Carlos Hilado Road on the east.
This project will be composed of state-of-the-art urban facilities, creative attractions, walkable and patrolled streets, bike lanes and scenic garden landscapes.
What Sets It Apart
What sets Upper East condo apart from other properties in Bacolod?
- Location
- Amenities
- Centrality of economic and government centers,
- High ROI value
What sets this condo apart from other condos in this area is the exceptional location that allows for an unparalleled luxury experience in Bacolod as well as an exceptional nearness of distance from the city. It is a township-style community that is designed to give its residents not just accessibility but peace, quiet, and abundance as well.
The Developer
Bacolod’s Upper East, just like Megaworld’s flagship community projects in Iloilo, Taguig, Cebu and others was designed to be another “mega” or “complete community” which Megaworld is known for- a community hub that reflects a decades-old ideals of the company.
Megaworld’s prime thrust is the integration of residences, work places, commercial centres and learning institutions in strategic places in the Philippines to become one upscale community.
The project will take 10 years to develop and was designed to be flood-free. It will use drip irrigation system for the landscapes, LED and solar-powered street lights, underground cabling system for electricity and water re-use facilities.
PSE: MEG (Stock ticker)
Megaworld Corporation is the country’s leading real estate developer and No. 1 business process and outsourcing (BPO) office developer and landlord in the Philippines. Led by real estate magnate and visionary, Dr. Andrew L. Tan, Megaworld pioneered the LIVE-WORK-PLAY-LEARN township concept in the country.
Has 21 townships in the Philippines
To date, the company already has 21 integrated urban township developments across the Philippines, namely: Eastwood City in Quezon City, (18 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town Center (5 hectares), all in Fort Bonifacio; The Mactan Newtown in Cebu (30 hectares); Iloilo Business Park (72 hectares) and Sta. Barbara Heights (173 hectares), both in Iloilo; Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Tagaytay (1,200 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Suntrust Ecotown (350 hectares) and Maple Grove (140 hectares) both in Cavite; The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; The Capital in the City of San Fernando (35.6-hectares); and Westside City in the Entertainment City in Paranaque (31 hectares.)
Long-term growth, slow depreciation
If you’re into rental or resale, you’ll prioritize high market demand, long-term development potential, and slow value depreciation. You’ll want a location that will put you NEAR strategic points of the city. Where you enjoy a walking distance to beautiful parks, public spaces, malls, churches, hotels, and transportation hubs. There is no other better place than where Megaworld Upper East is rising now.
Retirement Haven is Upper East
Bacolod City has been awarded a retirement haven last 2019. It was also awarded as a Top Philippine Model City for 2019, as well as Business-Friendly/High Returns.
By places, you have proximity of beaches such as Lakawon and Sipalay. Mountains such as DSB, Guintubdan and Canlaon. Cities such as Bacolod, Cebu and Iloilo.
Low cost of living, less traffic jams, more time for life, access to urban infras, nearness to natural and cultural heritage, great foods! – these are just some of the reasons I love Bacolod.
“A Rewarding Place for Those Coming Home for Good”
Bacolod is just a smaller city compared to Cebu, Metro Manila and Davao but the 6th most densely-populated highly-urbanized city outside of Metro Manila with 3,496 persons per square km.
In 2017 & 2019, Bacolod was awarded as the “Top Philippine Model City,” the most livable urban center in PH by The Manila Times. Bacolod also won two special awards – Business-Friendly/High Returns and Retirement Haven.
Bacolod has benefited greatly from the waves of progress brought by the sugar boom in the 1960s to 1980s, the numerous seafarer graduates of the region, the values of the people influenced by American education reforms, Protestant and Roman Christianity, Chinese wisdom, political stability, low crime rate, the good geographical location, proximity to sea and mountains and the excellent BPO industry.
An upscale community with the concept of township right at the nucleus of Bacolod City – live, work and play.
See How Upper East Fits Your Investment or Residential Needs
- Ask for the latest pricing
- Get your questions about the project answered
- See ROI opportunities
Contact for site viewing or pricing
Amenities and Buildings inside Upper East Bacolod
Upper East Mall
Amazing design meets sustainability in the Upper East Mall which will be highlighted with a 4.8-meter high clock tower, an open-air dining area, solar panels and other environment-friendly features.
Two Office Buildings
Property giant to spend P1.2-B to construct its first two office developments inside the 34-hectare The Upper East, offering 17,000 sqm of fresh office inventory.
Megaworld, the country’s largest office developer and lessor, is building two office towers inside its 34-hectare The Upper East township in Bacolod City.
The two office towers, which will be called No. 1 Upper East Avenue and No. 5 Upper East Avenue, will offer around 17,000 square meters of office spaces, particularly for the information technology and business process outsourcing (IT-BPO) sector.
Casa Emperador
Just like in Iloilo Megaworld township, Bacolod’s Upper East will also have its Casa Emperador that will feature the works of Negrosanon artists – a museum showcasing local pride.
Luxury Boutique Hotel
Property giant to spend P1.2-B to construct its first two office developments inside the 34-hectare The Upper East, offering 17,000 sqm of fresh office inventory.
Megaworld, the country’s largest office developer and lessor, is building two office towers inside its 34-hectare The Upper East township in Bacolod City.
The two office towers, which will be called No. 1 Upper East Avenue and No. 5 Upper East Avenue, will offer around 17,000 square meters of office spaces, particularly for the information technology and business process outsourcing (IT-BPO) sector.
Pricing – Upper East
The Megaworld Upper East condo project has price bands that range from ~P4.6 Million (~$90,807) to ~P12.4 Million (~$244,785) depending on the size of the unit and the number of bedrooms. If you are contacting me to see if we have units available, please note that the prices for these units are quoted in Philippine Peso (PHP). When it comes to condos, timing is everything. The sooner you reserve, the cheaper you can secure your cost. Contact me for reservation.
Financing options may include:
- Cash with 10% discount from total contract price (payable within 30 days from reservation)
- 10% DP with Monthly Amortization (MA no. of months vary). 90% Balance after amortization and may be settled through bank financing.
- No DP. Straight MA with Lumpsum. (e.g. 5% on the 12th month). Balance due after MA.
- No DP. Straight MA. No lumpsome.
What are the requirements to reserve? (2023)
Step 1
When you are already sure, let me know what unit to put on “hold.” The office will approve and may hold it from a minimum of 2 hours to 24 hours.
Step 2
Before the expiry of the approved holding time, submit the following:
- P25,000 Philippine Pesos Reservation
- may be done via bank transfer or deposit to any of the bank account sof Megaworld.
- or if via check, pay to MEGAWORLD CORPORATION.
- An acknowledgement receipt will be given to you.
Notes:
- If you want to reserve in person or in the office, your SPA or any family member can do the reservation in your behalf.
- Online reservation is accepted and encouraged.
- If you are not a Filipino citizen, you can still avail units. Only the banking loans may not be available for you. In which case, your balance will just have to be payable in cash, inhouse financing at unit turn-over.
Step 3
After payment of reservation fee, submit the following CLOSING DOCUMENTS (ALL TOWERS 2022):
- Valid IDs (if foreigner, passport is needed)
- Print, fill out the following documents, scan and send online.
- Buyer’s Information Sheet (1 page; see below)
- Reservation Fee Conforme (1 page; see below)
- RROP (Request for Reservation and Offer to Purchase; 2 pages)
- Specimen signature (1 page; see below)
- PDC Discount Conforme (1 page; see below)
- Post-dated checks for the downpayment according to the chosen payment schedule. Submit within 15 days to avail the 3% PDC discount.
Buyer’s information sheet
RF Conforme
Specimen Signature
RROP
PDC Discount and Submission Conforme
Passport for non-Filipino citizens | Valid ID’s for Filipino citizens
FAQs
Yes, there will be free parking in front of the units but they will be for first-come-first-served basis.
Parking spaces are for sale for owners of 1BR units and above. As of March 2023.
Does the pricing include taxes?
No. It does not include expenses such as transfer taxes, title transfer fees, and documentary stamp taxes.
What are the requirements to reserve the unit?
- Reservation fee (P25k non-refundable)
- Valid IDs
within 15 days, submit post-dated checks; within 30 days, submit the physical form.
What are not included in the pricing?
Except otherwise indicated, what is not included in the pricing presentation are the taxes and transfer charges. These 2 usually comprises around 5-7% of the TCP (Total Contract Price).
How high is the ceiling of One and Two Regis?
10 feet
Yes community is pet-friendly
What if I don’t have Philippine Checking Account / Checks?
To avail the 2.5% discount, we encourage you to apply for a Checking Account or talk to your relative to use his/her checking account and supply it as scheduled. If there’s no other way, you can use my own checking account provided I will be your official agent.
I’m not a Filipino citizen, can I avail?
Yes. Single foreigners and married foreigners can avail. The Condominium Act of the Philippines, R.A. 4726 states that foreigners are allowed to acquire condo units and shares for up to 40% of the total capital stock of a Filipino owned or controlled condominium corporation.
Yes . For now, year 2022, for studio units only in our office. But soon, we will have a dedicated showroom in the Upper East itself. Contact me for schedule and/or reservation.
Will the condo have 110 volt sockets?
No. Only 220v since we are in the Philippines. But you can install AC/DC adapter.
Will there be provisions for airconditioning?
Yes, there will be provisions for split-type and window-type aircon.
How’s the Upper East and Bacolod City area in general when in relation to natural calamity?
Bacolod city by God’s grace is blessed with a strategic natural location, covered by the mountains of Kanlaon, Mandalagan, Canlandog and Silay Mountains at the East, sheltering the city from storms that always come from the east.
As for earthquakes, thank God, Bacolod City and Negros Occidental has no faultlines.
Please see Calamity Mapping from PHIVOLCS which I got from Globe Office. Thankfully, Bacolod has no natural disaster risks.
Can I lease my unit if I’m not around?
Yes, Megaworld offers a Leasing Services Department that will rent out your unit in your absences, adding you another stream of cashflow.
Can I ask dimensions of my unit and bedrooms?
Yes, after your reservation, I can help you request for the specifications.
How much is the Association Dues?
Estimated P90 per square meter
Are there taxes after I move in?
Very minimal and that is the Real Property Tax for the land, and will be divided amongst the unit owners.
Will the condo last only 50 years?
The building itself, no. As long as the building is liveable it stays in your ownership and your posterity/children.
Only the condo corp needs to renew after 50yrs. According to the new Revised Corporation Code of 2019 (RA 11232), the lifespan of corporations is now perpetual (forever) by default.
See How Upper East Fits Your Investment or Residential Needs
- Ask for the latest pricing
- Get your questions about the project answered
- See ROI opportunities
Contact for site viewing or pricing
Megaworld Construction Updates
Aug 2021
July 2021
April 2021
February 2020
October 2019
Office
See How Upper East Fits Your Investment or Residential Needs
- Ask for the latest pricing
- Get your questions about the project answered
- See ROI opportunities