Filipino gymnast Carlos Yulo to receive $560K condo after winning two Olympic golds

The unit, located at the developer’s McKinley Hill township in the heart of Taguig, a coastal city in the Philippines’ capital region of metropolitan Manila, was an upgrade from the previously promised prize, Fortune magazine reported.

MegaWorld announced at the start of August that it would award each of the country’s Paris Olympians who returned with a gold medal a 24 million Philippine pesos two-bedroom unit, according to CNBC.

Since Yulo, who made history as the first male Olympic gold medalist for the Philippines, won two gold medals, the firm decided to provide him with a better apartment and a 3 million Philippine pesos cash gift.

Additionally, the 24-year-old gymnast will receive 10 million Philippine pesos from the Philippine government and another 6 million Philippine pesos from the country’s House of Representatives.

Yulo’s home city, Manila, is also set to give him a "hero’s welcome" when he returns from the Olympics.

Proud Filipino businesses are eager to shower the gold medalist with gifts as well, as reported by Business Insider.

Hagemu Sushi and Ramen Bar, a Japanese restaurant in the Philippines, granted Yulo a lifetime supply of ramen, while Vikings Luxury Buffet offered him unlimited buffets for life.

Apollo Home Depot presented him with furniture valued at 100,000 Philippine pesos, and Cookies by the Bucket promised him a free supply of cookies.

A doctor has even committed to providing free colonoscopies and gastroenterology consultations to Yulo for life after he turned 45.

Furthermore, the gold medalist has been offered two café franchises from Don Macchiatos, a business specializing in coffee and lemon beverages, along with various brand ambassadorship opportunities.