Megaworld Corp. to launch two new townships

Megaworld Corp. will launch P20 billion worth of real estate projects this year, 31% lower than the previous year's spending.

The property developer said in a statement that despite fewer launches, it was targeting reservation sales of P130 billion . The company also plans to establish two new township developments this year, adding to its current portfolio of 35. In 2024, Megaworld introduced four major townships, adding nearly 400 hectares to its land bank.

To finance the development of ongoing and upcoming projects, Megaworld earmarked P50 billion for 2025 capital expenditures. The company said up to 80% of the amount would be for project development, while the remaining 20% would be for land acquisitions.

Megaworld is set to launch nearly six office projects offering 140,000 square meters of gross leasable area (GLA) from 2025 to 2026. These projects are located in Iloilo City, Pampanga, Bacolod, Davao and Bulacan.

The property firm also intends to launch six commercial developments in the same period. These projects, which offer 151,100 square meters of GLA, are located in Taguig City, Boracay, Pampanga, Cavite, Cainta and Bacolod City.

Megaworld also plans to launch eight new hotel projects from 2025 to 2029, with a combined total of 3,570 room keys. These include Chancellor Hotel Boracay, Grand Westside Hotel – North Wing, Belmont Hotel Iloilo, Kingsford Hotel Bacolod, Savoy Hotel Palawan, Savoy Hotel Capital Town, Paragua Sands Hotel – Palawan and Arcovia Hotel in Pasig.

The company expects these office, mall and hotel developments to boost its leasing revenues.

Megaworld posted a record net income of P21.7 billion pesos in 2024, a 12% increase from the previous year, as sales grew at a double-digit rate. Consolidated revenues also rose 17% to 81.7 billion pesos, driven by strong performances across its real estate, leasing, and hospitality businesses.