Philippine real estate giant Megaworld Corp. has partnered with two Korean companies to promote its 50-hectare McKinley Hill township project in Fort Bonifacio.

Megaworld had signed a deal with MSH, Inc. and Philseoul, Inc. to attract more Korean investors to McKinley Hill.

Rachelle Peñaflorida, Megaworld senior sales manager, said the contract with the Korean companies is long-term. The parties will come up with at least two projects a year.

Philseoul manager Simon Boyek said they expect to generate P6 billion from the Koreans who will be buying condominium units.

"Kpreans are attracted to the Venice Luxury Residences, which is located near the Korean Embassy," Boyek said.

Boyek is referring to the fifth residential condominium project that Megaworld is putting up in McKinley Hill at Fort Bonifacio, Taguig City.

Other Megaworld residential condominium projects in McKinley Hill include the three towers of Stamford Executive Residences and Morgan Executive Suites.