Megaworld Corporation has created a big name for itself over the years, exemplifying excellence in the Philippine real estate industry. Today, as it continues to expand its brand, the company believes that there are no boundaries when it comes to reaching and engaging customers.
Megaworld, with its years of experience in feeling the pulse of its niche market, has developed a keen understanding of the kind of real estate products and services that click with its customers. As a developer, the company has gone from strength to strength, building stand-alone projects, townships, central business districts, and now, integrated tourism communities.
As a marketer, it is taking the Megaworld brand to new heights in the international scene. Through Megaworld International, its overseas marketing arm, Megaworld is reaching out to more Filipinos based abroad. The marketing group's message: As the Philippines' No.1 provider of mid-income residential condominiums and business process outsourcing office spaces, and as the pioneer of a live-work-play-learn lifestyle, Megaworld is creating the best value for real estate customers and investors.
Megaworld’s Global-Estate Resorts Inc. 9-mos profit up 67%; real estate sales more than doubled
Megaworld’s subsidiary, Global-Estate Resorts, Inc. (GERI), the country’s biggest developer of integrated leisure and tourism townships, posted a 67% growth in its 9-month net income from P320-million last year to P534-million this year.
GERI’s consolidated revenues amounted to P3.82-billion, 86% up from last year’s nine-month revenue of P2.06-billion. The company’s sustained growth is driven by aggressive real estate sales, contributing 79% in the consolidated revenues.
Megaworld’s 9-mo income up 12.52%; company to further expand rental portfolio
Property giant Megaworld, the Philippines’ biggest developer of integrated urban townships and the largest lessor of office spaces, achieved a net income of P8.35-billion during the first nine months of 2015, 12.52% higher than P7.42-billion (net of P11.62-billion non-recurring gain) during the same period last year. Its bullish performance during the three quarters of the year was driven by its aggressive expansion of its integrated urban townships across the country, the company’s pioneering real estate concept in the country that synergizes residential, office, commercial and institutional components of a community.
Megaworld, Travellers build P65-B Westside City near Manila Bay
Megaworld, the country’s leading developer of integrated urban townships, and Travellers International Hotel Group, Inc., the developer and operator of Resorts World in the Philippines, are allocating P65-billion to develop a 31-hectare leisure and entertainment township at the booming Entertainment City in Paranaque City. To be called Westside City, the township will house the second Resorts World property in the Philippines, scheduled for completion by last quarter of 2020.
The township will also be home to Megaworld’s upscale residential condominiums, a luxury mall as well as international hotel brands such as The Westin Hotel of the Starwood Asia Pacific Hotels & Resorts Group, Hotel Okura Manila of the Okura Hotels & Resorts, the Genting Grand and Crockfords Tower of the Genting Group, and Kingsford Hotel. These hotels will have a total of around 1,500 rooms.