For a decade, Iloilo Business Park (IBP) has been the benchmark for condo living—walkable, branded, convenient. But two newcomers in Mandurriao are crashing the party with big-city features, friendlier preselling prices, and—crucially—locations that are just as good as, if not better than, many IBP condominiums. Meet Excelsior Sky Residences (WeeComm) and Avenir Iloilo (King Properties). Are they “Megaworld killers”—or smart disruptors expanding investor choices?
1) Location: Mandurriao core, IBP lifestyle radius
Both projects sit within Mandurriao, the same growth spine that powers Iloilo Business Park (IBP)—minutes to Festive Walk, SM City Iloilo, Atria, Smallville, hospitals, schools, and the airport road. In day-to-day living, that means the same malls, offices, and conveniences you’d expect from an IBP address.
Bonus: being just outside the estate footprint often gives you easier in-and-out driving and multiple ingress/egress options during rush hour. In short, same map, sometimes better mobility.
2) More affordable: no township premium
Township living commands a brand premium–main reason why Firenze of Megaworld Iloilo is the priciest in the region. Excelsior and Avenir remove that extra layer while keeping you in the same high-demand district. The result is a friendlier entry price and softer monthly equity (as being promised), letting you buy more square meters—or an additional unit—without leaving the prime area. Lower basis = better yield math and more room for appreciation.
3) Just as good (or better): design & functionality that work
- Excelsior leans into modern high-rise aesthetics and smart-home readiness, with lounge-in-the-sky vibes and a premium finish that feels every bit “IBP caliber”—just priced leaner. It is poised to be the tallest skyscraper in Iloilo City.
- Avenir brings a Cebu-proven SOHO (Small Office/Home Office) concept: co-working and meeting spaces, robust connectivity, and flexible unit layouts you can legally use as a residence, an office, or both. That’s functionality IBP condos typically don’t allow.
Project Snapshots
Excelsior Sky Residences (WeeComm)
- What it is: A statement high-rise built for skyline views, smart features, and an upscale feel—without the township markup.
- Why it works: Front-row Diversion access, quick hops to IBP/SM/Atria, tech-forward units attractive to professionals and long-stay renters.
- Investor angle: Lower acquisition cost versus many township comps + “landmark” positioning = healthy yields today, appreciation tomorrow.
Avenir (King Properties)
- What it is: Iloilo’s home-office play (SOHO)—compact, efficient units that function as a residence, an office, or both, plus business-oriented amenities.
- Why it works: Sits near IBP’s ecosystem but legally supports business use—ideal for freelancers, boutique firms, clinics, review centers.
- Investor angle: Dual-demand leasing (residential and commercial) widens your tenant funnel and can stabilize occupancy at attractive rents.
What this means for investors
Same Mandurriao area, lower basis, equal (or better) usability.
If your goal is yield, Excelsior’s pricing and Avenir’s dual-use demand can out-perform many township studios purchased at today’s rates. If your goal is lifestyle, both projects keep you in the IBP orbit—shopping, dining, offices—while offering either tech-forward living (Excelsior) or business-ready flexibility (Avenir).
Quick decision guide
- Max ROI: Start with Avenir for dual-market leasing or Excelsior for luxury-lite value; consider furnishing smartly to capture premiums.
- Own & enjoy: Prefer walkable nightlife/malls but want faster driving logistics? Excelsior’s Diversion positioning hits the sweet spot. Need a legal home-office you can brand and expense? Avenir is the category winner.
- Balance the portfolio: Keep one unit inside IBP for brand prestige/liquidity, and add Excelsior or Avenir nearby for alpha on yield or niche demand.
Bottom line
So to answer the question: “Are Excelsior & Avenir the ‘Megaworld Killer’ in Iloilo?”
No—IBP’s walkable urbanism and brand gravity remain powerful. But Excelsior and Avenir neutralize IBP’s location advantage by sitting in the same daily-use map—sometimes with faster car access and cleaner commute options. They also undercut on basis (price per sqm / monthly equity) while offering distinct product stories:
- Excelsior = skyline status + smart-home polish at a friendlier preselling basis, on Diversion’s front row.
- Avenir = business-ready SOHO flexibility next to IBP, capturing tenants IBP condos can’t serve.
That’s not a kill shot—it’s meaningful competition.
