Megaworld set to open P2-B Southwoods Mall in October

MANILA, Philippines – Andrew Tan-led Megaworld is set to open its newest mall just south of Metro Manila in time for the holiday season.

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, August 31, the property developer announced it will officially open its P2-billion Southwoods Mall in its 561-hectare township Southwoods City along the boundary of Biñan, Laguna and Carmona, Cavite in October.

The 58,000-square-meter, 3-level Southwoods Mall will feature a 24-hour Food Hall, 4 cinemas, department store, supermarket, hardware store, toy store, and its own transport hub.

The Roof Deck Garden at the 3rd level will also offer open spaces and al fresco areas for dining surrounded by gardens.

Megaworld estimates that it would take 30 minutes to get to the mall from Makati City and Bonifacio Global City, and 35 minutes from the Ninoy Aquino International Airport (NAIA) via the South Luzon Expressway (SLEX).

"Southwoods Mall will be easily accessible to those living in the south. It is actually the first big mall along SLEX that you can go to after Alabang. We are excited to open the doors of our first full-scale lifestyle mall in the south," said Megaworld Lifestyle Malls senior vice president Kevin Tan in a statement.

Megaworld noted that the mall is in an area characterized by rapidly growing communities of Cavite and Laguna as well as the cities of Muntinlupa and Las Piñas.

Aside from its proximity to the SLEX's Southwoods Exit, it is surrounded by several schools, churches, hospitals, government offices, and recreational facilities such as the Southwoods Golf and Country Club, Southwoods Sports Club, and Splash Island.

Southwoods Mall is the 14th mall developed by Megaworld, which posted an 11% increase in net income in the 1st half of 2017, driven by office and commercial space leasing.

The property developer also plans to launch 4 new hotels this year. – Rappler.com