When Filipino gymnast Carlos Yulo edged out reigning Olympic and world champion Artem Dolgopyat of Israel in the men's artistic gymnastics floor exercise final on Saturday, he won more than just a gold medal.
She also won a fully furnished house.
Yulo, 24, finished with a score of 15.000, narrowly edging out Dolgopyat's score of 14.966. Bronze went to Great Britain's Jake Jarman with a score of 14.933.
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Real estate corporation Megaworld announced the incentive and prize in a statement on August 1.
“In 2024, we celebrate our 100th anniversary of participation in the Olympic Games, and what a way to celebrate this milestone than by recognizing the magnificent competitive spirit of our most recent Olympic gold medalist and welcoming him to McKinley Hill,” Megaworld President Lourdes Gutierrez-Alfonso said in the statement.
Carlos Yulo, center, beat reigning world and Olympic floor champion Artem Dolgopyat, left, by just 0.044 to become the first Filipino athlete to win an Olympic gold medal. Britain's Jake Jarman, right, won bronze. (Oscar Barroso/Europa Press via Getty Images)
McKinley Hill is a municipality in the city of Taguig, located in Metro Manila.
The location is “a perfect home for Filipino champions who live a life of passion and excellence from start to finish,” he said.
The two-bedroom condo is valued at 24 million pesos, Megaworld said, equivalent to about $415,000.
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Yulo also received praise from President Ferdinand “Bongbong” Romualdez Marcos of the Philippines and a cash award from the country's government.
“We witnessed history as Carlos Yulo claimed the Philippines' first-ever GOLD medal in artistic gymnastics at the Paris 2024 Olympic Games,” Marcos wrote on his Facebook page.
“I'm sure it won't be the last. Congratulations, Caloy! The whole country is proud of you!”
Yulo received a score of 15.000, enough to win the gold medal for the Philippines. (Oscar Barroso/Europa Press via Getty Images)
The Philippine House of Representatives also voted to award Yulo 3 million Philippine pesos (about $51,900) for his gold medal, several media outlets in the country reported.
Yulo's victory not only secured the first medal for the Philippines in gymnastics, but is also the first Olympic gold medal for a Filipino male athlete. It was the second gold medal for the Philippines. Weightlifter Hidilyn Diaz won the women's 55-kilogram competition in Tokyo.
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She was also granted a house at that time.
“I'm very excited. I'm grateful to have this medal and to God. He protected me, as always,” Yulo told AFP after his victory.
“It gave me the strength to overcome this kind of performance and do so well.”
Yulo, 24, won a house in addition to his gold medal. He said he was “overwhelmed” and thanked God after his victory. (Paul Ellis/AFP via Getty Images)
Yulo, who has trained in Japan since 2017 as part of an Olympic Solidarity program aimed at increasing opportunities for athletes, hopes her victory will inspire others in the Philippines to take up gymnastics.
“I hope gymnastics in the country grows,” she said, via Reuters.
“My hard work and the people who really helped me. I know that my success is also their success… I'm happy to have won the gold. And also to have won a house.”
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Yulo has a chance to win another gold medal on Sunday. She qualified in sixth place for the vault apparatus final.
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