There’s something about Iloilo that draws a visitor in—a quiet yet undeniable charm. From its serene heritage churches and timeless architecture of Calle Real to the calming waters of the Iloilo River, the city blends history with modern growth in a way that feels both natural and inspiring.
During a recent media tour attended by Property Report, Iloilo’s transformation became clear—not just as a city that protects its past but as one that is actively shaping its future. The restoration of Calle Real, with its art deco and neoclassical buildings, stood out, along with efforts to underground utility wires and remove obstructions, allowing its historic beauty to shine. The tour also highlighted the Iloilo River Esplanade, now the longest linear park in the Philippines, showcasing the city’s commitment to sustainability and community spaces.
But beyond preserving its character, Iloilo is on a fast track to economic growth—and Megaworld is playing a major role in driving this progress.
A city on the rise
Iloilo’s economy has grown rapidly in recent years. Its GDP increased from 6.8% in 2021 to 9.6% in 2022, then 10.5% in 2023, making it one of the fastest-growing cities in the country.
A major part of this transformation is the rise of business districts that attract local and international companies. Megaworld’s Iloilo Business Park is leading this change, turning the area into a thriving commercial hub. This 72-hectare township is now home to multinational companies, thousands of jobs, and a growing business ecosystem.
Megaworld’s investments in Iloilo aren’t just about real estate. The company is helping position Iloilo as a major business hub, making it a more attractive location for companies, investors, and professionals.
Elevating Iloilo’s office market
As Iloilo continues to grow, Megaworld has established itself as the leader in the city’s office market, controlling 49% of Iloilo’s total office supply. Within Iloilo Business Park, it has already attracted 12 multinational companies and created over 36,000 jobs.
With new developments like Enterprise One and International Corporate Plaza, Megaworld is bringing the next level of office innovation to the region. These projects introduce modern features, sustainable design, and premium business amenities, ensuring that Iloilo’s business district is built not just for today but for the future.
Enterprise One: Iloilo’s first and only LEED Gold-certified office building
One of the highlights of the media tour was Enterprise One, the largest office tower in Western Visayas. With 39,000 sqm. of leasable space and Iloilo’s biggest office floor plate at 4,000 sqm., this tower is designed for the growing IT-BPM sector and is expected to create 12,000 new jobs for Ilonggos and nearby communities.
According to Ric Rubrico, Head of Leasing for Visayas at Megaworld Premier Offices, the company is focused on building workplaces that support Iloilo’s business expansion, “We are excited to introduce the region’s first and only LEED Gold-certified office development. Enterprise One will be our biggest office tower in terms of leasable space not only in Iloilo but in the entire Western Visayas region.”
The tower also prioritizes employee well-being, offering EV charging stations, bike racks, and easy access to public transport to support eco-friendly commuting.
Additionally, the new road linking Iloilo Business Park to Iloilo Sunset Boulevard will make Enterprise One one of the most accessible office buildings in the city, improving convenience for employees and businesses.
International Corporate Plaza: Pioneering office ownership in Iloilo
Also featured during the tour was International Corporate Plaza, Megaworld’s first office-for-sale development in Iloilo. With 12,325 sqm. of space, this project offers 301 premium office units ranging from 26 to 60 sqm., giving entrepreneurs, startups, and businesses the opportunity to own their workspaces.
According to Jennifer Palmares-Fong, Head of Sales and Marketing for Megaworld Visayas, the project was designed to empower business owners with long-term investment opportunities,
“Through the International Corporate Plaza, we aim to empower local businesses and professionals in Iloilo and from across the region with the opportunity to own premium office spaces in a prime location like Iloilo Business Park, combining investment value with top-tier amenities, seamless connectivity, and utmost convenience.”
Since pre-selling began in 2019, property values here have risen by 25%, making it one of the most promising investments in the city.
Defining the future
As Megaworld expands its presence in Iloilo, the company is doing more than just building office spaces—it is helping define the city’s future. Through sustainable developments, modern business districts, and forward-thinking projects, Megaworld is playing a key role in making Iloilo one of the most promising business hubs in the country.
Enterprise One is Iloilo’s first and only LEED Gold-certified office building, ensuring that sustainability is at the core of its design. Key features include:
- Rainwater harvesting systems to conserve water
- Double-glazed windows for better cooling efficiency
- High-reflective coating to reduce heat absorption
- Low-flow water fixtures to reduce water usage
International Corporate Plaza includes first-in-Iloilo office features, such as:
- Two boardrooms & three meeting rooms for business meetings
- Co-working spaces & breakout rooms for collaboration
- An executive lounge for business owners and professionals
- A premium-designed lobby and hallways for a top-tier experience
- A rooftop garden with panoramic views of Iloilo and Guimaras
