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 Q1 income rises to 12.48%
Megaworld reported Wednesday, May 13, that it posted a net income of P2.35 billion ($52.58 million) for the first quarter of 2015.
The figure is 12.48% increase on a recurring basis year-on-year from P2.09‐billion ($46.77 million) on the same period last year.
Residential sales from the various townships across the country remained strong, and leasing income from its office and retail portfolio continued to grow even at the start of the year, Megaworld said.
“We’re on track in achieving consistent quarterly double-digit growth and we remain optimistic to hit and even surpass our growth target for the year,” Megaworld Chief Finance Officer Francis Canuto said.
Megaworld to open two new hotels in 2015
Megaworld is opening two new hotels this year in its two townships in Metro Manila and Iloilo.
Richmonde Hotel Iloilo will open June 2015. It will occupy 8 levels of the 12-storey Richmonde Tower in the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. It will be the first Richmonde Hotel outside of Metro Manila and will have 151 guest rooms.
It will also house a restaurant and deli, function rooms, business center, fitness gym, and lap pool with its own pool bar.
World-renowned architectural firm Gettys was commissioned to design the hotel’s façade, grand lobby, restaurant, and guest rooms. Gettys took inspiration from the city’s rich agricultural roots for the hotel’s design concept.
Megaworld Investing P35B in 2 Bacolod Townships
Andrew Tan-led property developer Megaworld Corp. is investing P35 billion within the next 10 years to build two townships in Bacolod City, Negros Occidental, the country’s sugar capital.
The first township, to be called “The Upper East,” is located on a 34-hectare property that used to be the Bacolod-Murcia Milling Co. (BMMC), Megaworld disclosed to the Philippine Stock Exchange on Thursday. This is envisioned to be Bacolod’s version of an upscale lifestyle district where residential condominiums, malls and commercial centers, business process outsourcing (BPO) office towers, tourism and leisure facilities as well as recreational parks and open space. This is inspired by New York City’s affluent Upper East Side district.
This project is bounded by Burgos Avenue on the north, Lopez Jaena Street on the west and Circumferential Road on the east and is just across the new government center. This prime location, which the local people simply refer to as “East,” is now known to be Bacolod’s booming commercial and BPO district.
Megaworld launches 2nd tower in One Lakeshore Drive in Davao
Property giant Megaworld Corp. has launched the second residential tower in its 11.2-hectare Davao Park District ahead of schedule due to the strong take-up of the first tower.
Megaworld said the first residential tower of One Lakeshore Drive has already been nearly sold out in less than two months since subsidiary Suntrust Properties Inc. started selling units in the project.
“We are very happy with the overwhelming reception of Davaoeños to our first residential project in Davao Park District. Our experience is far beyond what we have expected,” said Harrison M. Paltongan, president of Suntrust Properties Inc., a wholly-owned subsidiary of Megaworld.
The property powerhouse said it expects at least P2 billion in sales from One Lakeshore Drive this year.