Philippines-based real estate developer Megaworld will develop a new 22-storey residential condominium that is claimed to be the tallest in the region.
Located in Western Visayas, the 80m-high buidling, The Palladium, will feature its own skygardens on various floors.
The building will include 482 studio, one-bedroom and two-bedroom units ranging from 29.50m² to 83.50m², which will be divided into the North Wing and South Wing.
Exclusive loft units will take the topmost floor of the building and will range from 76m² to 115m².
Amenities at The Palladium will include an infinity pool, a children's pool, outdoor and indoor fitness centre, day care centre, lawn area for events and a function hall.
The first two levels of the building will be left for commercial and retail shops.
Iloilo Business Park marketing head Jennifer Palmares-Fong said: "Since last year, we have been experiencing consistent growth in the demand for residential towers in Iloilo Business Park.
"Everyday, we get enquiries about new projects and everyone wants the best views and amenities from the condominiums that they look for.
"We are offering a unique living experience at The Palladium.
"Our loft units will be first-of-its-kind in Iloilo City and the entire Western Visayas, and our amenities will raise the bar of this city's lifestyle for our future residents."
Iloilo Business Park is a 72ha township development that will feature residential condominiums, business process outsourcing (BPO) office towers, a Megaworld Centre mall, a 1.1km 'festive walk' commercial and retail strip, open parks, transport hub, hotels such as Richmonde Hotel Iloilo and Courtyard by Marriott Iloilo, and the 3,700-seating Iloilo Convention Centre.
Image: Exterior view of the proposed residential tower, The Palladium, in Philippines. Photo: courtesy of Megaworld Corporation.