A 24-year-old gold medal gymnast from the Philippines will receive a condo worth $414,046, cash prizes, and other rewards.

Carlos E. Yulo, a gymnast from the Philippines, won a gold medal at the summer Olympics and also received a fully furnished two-bedroom apartment.

The 24-year-old gymnast made history as the first male Olympic gold medalist in the Philippines when he won the top prize for his floor exercise on August 3. The following day, he earned a second gold medal for his vault routine. He is only the second athlete from the Philippines to win the top prize.

Megaworld announced that it would give each of the Philippines' Paris Olympians who won a gold medal a two-bedroom condo in the company's McKinley Hill township. Yulo is the only gold medalist for his country in this year's games so far.

The largest condo development in Taguig, valued at 24,000,000 PHP or $414,046 USD, is located in a coastal city that serves as a major hub in the Philippines.

"In 2024, we will be celebrating our 100th year of participating in the Olympic Games, and what better way to mark this milestone than by recognizing the exceptional competitive spirit of our newest Olympic gold medalist and welcoming them to McKinley Hill. As one of the most esteemed addresses in Fort Bonifacio, McKinley Hill is home to several world-class athletes, including members of the Philippine national teams for basketball and football. This makes it the ideal location for Filipino champions who embody a life of passion and excellence."

The Philippine government will give Yulo 10 million Philippine pesos, or $172,519 USD, in addition to the furnished condo. The House of Representatives has also pledged 6 million Philippine pesos, or $103,511 USD, according to local Philippines outlet Philstar.

Yulo will receive a lifetime supply of ramen from various restaurant chains and free consultations and colonoscopies from a gastroenterologist, as well as free university credits from the University of Mindanao for being a gold medalist.

The mayor of Manila, Yulo's home city, announced that they will give him a "hero's welcome" upon his return from the Olympics.

Honey Lacuna informed BBC that Carlos Yulo will receive a grand welcome and cash incentives, awards, and symbols of eternal gratitude from the proud capital city of the Philippines when they meet him.

The OANDA conversion rate of 1 Philippine peso to 0.02 USD on August 5, 2024 was used to convert all amounts to USD. All amounts are rounded to the nearest dollar.

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