Megaworld sets ₱65-B capex for 2026

Listed property developer Megaworld Corp. has earmarked P65 billion for its capital spending in 2026, mainly for its land acquisition, land banking, and the development of existing projects, with the company set to launch 19 residential projects with the same total value this year.

Megaworld said the spending program will cover the development of its townships in Ilocos Norte, Cagayan de Oro City, and Nasugbu in Batangas, along with the expansion of its residential, office, and retail offerings in provinces.

The company will also launch within the year 19 residential projects, cumulatively worth P65 billion, located in Pasig, Taguig, Manila, Ilocos, Cavite, Batangas, Laguna, Palawan, Iloilo, Cebu, and Cagayan de Oro.

"We are seeing opportunities ahead, and we look forward to the sustained growth in the office, commercial, hospitality, and tourism sectors. We are continuing our expansion program with renewed optimism as we innovate our township offerings," Megaworld President and Chief Executive Officer Lourdes Gutierrez-Alfonso said in a statement.

"Our residential business remains a strong growth engine, especially as we introduce more pioneering projects that integrate new technologies such as the use of artificial intelligence into our new developments," she added.

'AI-powered homes'

Megaworld is looking to launch "AI-powered homes" in the country this year, initially in its Park McKinley West development, through a partnership with global technology firm Samsung which will integrate its ecosystem into the units.

The company ended the first nine months of 2025 with a 14% growth in its net income to almost P18 billion, as consolidated revenues increased 8% to P64.41 billion.

Its 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.

Megaworld 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. — VDV, GMA Integrated News