Megaworld to launch 5 new townships this 2015

TYCOON Andrew Tan-led Megaworld Corp. plans to expand its nationwide footprint this 2015 with the launch of five new townships with a total of 400 hectares.
Along with its subsidiaries Suntrust Properties, Inc., Empire East Land Holdings, Inc. and Global‐Estate Resorts Inc., the group plans to unveil two townships in Luzon, two in the Visayas and one in Mindanao. This will bring Megaworld’s total township land area to 3,100 hectares by year‐end, the group announced in a press statement on Monday.
“With our adequate land bank and landholdings, the Megaworld Group is growing its townships to even more cities all over the Philippines. This means: more exciting destinations, more homes to be built, more office buildings to be offered and more jobs for Filipinos. Our vision is to build more world‐class townships in every major city in the Philippines year after year,” Megaworld chair and chief executive officer Andrew Tan said.
These new developments will bring the company’s township portfolio from 15 to 20 by the end of this year.
“We still have more lands to develop in our portfolio. Our various groups are working hard to come up with unique concepts and ideas on how we will create more sustainable communities across the country,” Tan added.
Last year, the company also introduced five townships in its portfolio covering almost 1,000 hectares of land. These include Woodside City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Pinas City (62 hectares) and Suntrust Ecotown in Tanza, Cavite (350 hectares).