Megaworld eyes ₱2 billion in sales from Ilocandia Beach Village lots

Listed property and township developer Megaworld Corp. is looking to generate P2 billion in sales from Ilocandia Beach Village, its 19.4-hectare beach township in the Ilocandia Coastown development in Laoag City.

Megaworld plans to offer 446 lots, ranging in area from 230 square meters to 406 square meters with direct access to the beach, set for turnover by 2031.

“We envision Ilocandia Beach Village transforming the landscape of the city by offering a unique and vibrant lifestyle that celebrates the beauty of Ilocandia’s stunning coastline,” Ilocandia Coastown head of sales and marketing May Santos said in an emailed statement.

The village is set to have a two-storey clubhouse with a fitness center, a function hall, an entertainment room, and a swimming pool.

The clubhouse will be connected to the Central Park, which will feature a network of jogging paths, a picnic grove, a play court with dedicated bleachers, and an expansive green lawn.

Megaworld earlier said it plans to spend P15 billion to develop Ilocandia Coastown, its township located adjacent to the Fort Ilocandia Hotel with a 1.40-kilometer beach line.

The company has earmarked P65 billion for its capital spending in 2026, mainly for its land acquisition, land banking, and the development of existing projects.

Megaworld 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. — BM, GMA Integrated News