Latest Stories

Megaworld posts 71% growth in home sales


Home sales of Andrew Tan-led Megaworld Corp. rose by more than two-thirds last year as it expanded in more areas across the country, confident of its “superior portfolio and sterling track record” in the industry.

The company on Monday also announced it would launch 10 new residential projects in the first half of the year. It earmarked P35 billion for capital expenditures, the highest in its history.

Megaworld sold P63.5 billion in residential projects in 2012, translating to about 550,000 square meters of home space—up by 71 percent from year-ago level.

Real estate reservation sales came from its three brands namely, Megaworld, Empire East and Suntrust. Each of the brands caters to specific markets ranging from the luxury to middle-income to affordable segments.

Megaworld said it was looking to launch more than 10 new projects in the first half of the year. Over the last 20 years, the group has completed more than 240 residential and office buildings with a total floor area of about six million square meters.

Megaworld expects its capex to reach P35 billion in 2013, the highest it would be spending in a year, as a sign of the company’s “commitment to the real estate industry and its bullish outlook on the market.”

The company said it pioneered the creation of integrated “live-work-play-learn township” communities in the Philippines.

In Metro Manila, these townships include Eastwood City in Quezon City, Newport City in Pasay City and those in Taguig City—McKinley Hill, McKinley West and Uptown Bonifacio.

Each of these projects will offer at least 500,000 square meters of residential space and 200,000 square meters of BPO office space.

The developer is also expanding its reach to the Visayas with its ongoing township projects such as The Mactan Newtown in Cebu and Iloilo Business Park in Iloilo.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , home sales , Megaworld Corp. , Philippines , property , Real Estate

  • http://pulse.yahoo.com/_GUZISWUMVDD5QJUC7GBJKEM7XA prangka

    If Megaworld is making such announcement, market reacts very positively. How bout SMDC?

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • 2 killed in apparent Bahrain car bombing
  • SC suspends proctor in 2011 bar exams
  • At barricades, Ukraine insurgents await Easter
  • Solons seek ample protection for bank depositors
  • Tragedies at sea: The Sewol and the Costa Concordia
  • Sports

  • Tottenham beats Fulham 3-1 in Premier League
  • Martino defends Messi, takes blame for Barca fail
  • Vettel hoping for resurgence at Chinese GP
  • MLB pitcher donates $100,000 for Sewol ferry victims
  • Hamilton takes pole at Chinese Grand Prix
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • 5 Filipinos with MERS in UAE reported in stable condition
  • Marketplace