Megaworld to develop two townships on 300 hectares in 2025

Listed township developer Megaworld Corp. on Monday announced plans to expand with at least two more townships in over 300 hectares of land in growth areas in Luzon and Visayas this year, after unveiling its 35th township project in December.

The company did not disclose the exact locations of the two planned townships, but said these will be in “key growth areas” in Luzon and Visayas.

“As we work towards helping cities grow their local economies and provide job opportunities, we are focused on further expanding our township portfolio in the regions,” Megaworld president Lourdes Gutierrez-Alfonso said in an emailed statement.

This comes as Megaworld last year launched four new townships with a total land area of over 300 hectares—Lialto Golf and Beach Estates in Lian, Batangas; San Benito Private Estate in Lipa, Batangas; Ilocandia Coastown in Laoag City, Ilocos Norte; and The Upper Central in Cagayan de Oro City.

Megaworld ended the first nine months of 2024 with a P15.69-billion net income, marking a 16% growth from the previous year. Net income attributable to the parent company climbed by 14% to P13.73 billion.

The company’s real estate portfolio includes residential condominium units, subdivision lots and townhouses, as well as office projects and retail spaces. Its businesses include real estate sales, leasing of office spaces, and management of hotel operations.

Its subsidiaries include Richmonde Hotel Group International Limited, Eastwood Cyber One Corp., Empire East Land Holdings Inc., Global-Estate Resorts Inc., and Bonifacio West Development Corp. — Jon Viktor D. Cabuenas/BM, GMA Integrated News