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.
Philippines GDP expands 7% in Q2 2016
Photo taken from Rappler
(August 18, 2016) Boosted by a strong start to 2016, the Philippine economy grew 7% in the second quarter of the year.
The latest Gross Domestic Product (GDP) figure announced by Socioeconomic Planning Secretary Ernesto Pernia on Thursday, August 18, builds on the 6.8% growth recorded in the first 3 months of the year, which made the Philippines the fastest growing economy in the region.
The government earlier recorded the first quarter economic growth at 6.9%, but the Philippine Statistics Authority later revised it to 6.8%.
Global-Estate Resorts, Inc. net income up by 37% in H1
Tagatay Twin Lakes, Laurel, Batangas
(August 11, 2016) Global-Estate Resorts, Inc. on Thursday said its net income in the first half of the year grew 37 percent, driven by strong residential sales.
The Megaworld subsidiary said net income jumped to P465 million in the January to June period from the P339 million in the same period last year.
Real estate sales surged 39 percent to P2.1 billion on the back of strong residential sales in Boracay, Iloilo, Tagatay, Cavite and Las Piñas.
Megaworld income rose 11% to P6.02 billion in H1
McKinley West, Fort Bonifacio, Taguig City
(August 11, 2016) Megaworld Corp. said its net income grew 11 percent in the first half of the year to P6.02 billion, from P5.43 billion last year, driven mainly by its rental business composed of offices for the business-process outsourcing sector.
“The government’s thrust to expand economic opportunities to the regions is in parallel to Megaworld’s direction in expanding its developments outside of Metro Manila, where the company is already strong. The beauty behind our diversification story is that it is intrinsically part of our drive toward nation-building—we bring growth where we are headed,” the company said.
Rental income rose 15 percent in the first six months to P4.84 billion, compared to P4.21 billion in 2015.
GADC to reach 500 McDonald’s outlets this year
(July 18, 2016) McDonald's Philippines will achieve its goal of putting up 500 stores within the year, allowing the company to start working on its next target of opening 400 more outlets, a top executive said.
Golden Arches Development Corp. (GADC), the local franchise holder of the American fast-food chain, shall have opened its 500th store in the Philippines by yearend, its Deputy Managing Director and Executive Vice-President Margot B. Torres told reporters on the sidelines of the BusinessWorld Economic Forum in Taguig City on July 12.
GADC had expected to realize such a target in 2015. The company, however, has reached 494 stores at end-June, Ms. Torres said.
Megaworld’s GERI spending P10-B to complete five hotels by 2019
The Twin Lakes Hotel, Twin Lakes, Laurel, Batangas
(June 30, 2016) Tourism and leisure township developer Global-Estate Resorts, Inc. (GERI), a subsidiary brand of property giant Megaworld, is expected to complete five hotels in its townships in Boracay and Alfonso, Batangas near Tagaytay in the next three years. Four of these hotels are within Boracay Newcoast, a 150-hectare integrated tourism and leisure township in Boracay Island, while the other one will be in Twin Lakes, a 1,200-hectare development near Tagaytay.
The company is spending around P10-billion to build the five hotels, which will offer a total of 1,850 rooms including multi-level retail spaces.
In Boracay Newcoast, these hotels include Fairways and Bluewater, which has been completed and now fully-operational; Savoy Hotel Boracay, which will be completed by the end of this year; Belmont Hotel Boracay, to be completed in 2018; and Chancellor Hotel Boracay, to be completed in 2019. The Twin Lakes Hotel in Tagaytay, on the other hand, will be completed next year, offering unparalleled panoramic views of the Taal Lake and a real vineyard surrounding the development.
Megaworld to spend P180-B for provincial townships in the next 10 years
Property giant Megaworld is looking into further expanding its development portfolio in the provinces in the next ten years as opportunities for economic growth look brighter and bigger outside of Metro Manila.
In the next 10 years, the Philippines’s largest developer of integrated urban townships and the biggest lessor of office spaces, will spend around P180-billion to develop its provincial townships alone, particularly those that have been already launched this year. These townships include Iloilo Business Park in Mandurriao, Iloilo City; The Mactan Newtown, in Lapu-Lapu City, Cebu; Davao Park District in Lanang, Davao City; Northill Gateway in Talisay City, Negros Occidental; The Upper East in Bacolod City; The Capital in the City of San Fernando, Pampanga; Twin Lakes in Alfonso, Batangas near Tagaytay; Southwoods City in the boundaries of Cavite and Laguna; Suntrust Ecotown in Tanza, Cavite; Sta. Barbara Heights in Sta. Barbara, Iloilo; Boracay Newcoast in Boracay Island; and Maple Grove in General Trias, Cavite.
“We have remained to be a strong real estate developer in Metro Manila during the past 27 years. Now, we are further spreading our nation-building efforts, particularly in developing idle lands into bustling business and lifestyle districts, to the key cities and towns across the country where economic opportunities abound,” says Kingson Sian, executive director, Megaworld.
Megaworld expects to sell P3 billion from new Makati condo project
The Ellis, Salcedo Village, Makati CBD (Artist's Impression)
Megaworld Corp. said it is expecting to sell P3 billion worth of units from its 30-story condominium project located in the central business district (CBD) of Makati.
The project, called The Ellis, is located in Salcedo Village and will have 237 units available for sale. The size of the units range from studio of 24 square meters (sq m) to 34.5 sq m; executive-studio loft with balcony at 64 sq m; and executive two-bedroom with balcony with 121.5 sq m. It will also have what it calls link units.
“The concept of the link units allows residents to have their living space attached to their working place. For example, the unit owner can live in the one-bedroom unit while the attached studio unit may be converted into an office,” the company said.
Megaworld to Build More Office Towers in Davao Park District
L-R: Mr. Harold Geronimo, AVP and Head of Public Relations and External Affairs, Megaworld; Mr. Jericho Go, Senior Vice President, Megaworld
Megaworld, the country’s largest office developer, is ramping up its office developments in the 11-hectare Davao Park District in Lanang, Davao City.
The company announces that it will build two more office towers, in addition to the P1.2-billion, 10-storey Davao Finance Center, which is currently being built near the township’s main entrance with 20,000 square meters of leasable spaces.
The two office towers, which will be named ‘One Republic Plaza’ and ‘Emperador House’, will provide an additional 30,000 square meters of office spaces. This will bring the total office inventory in Davao Park District to around 50,000 square meters, to date.
PH GDP grows 6.9% in Q1 2016
Image taken from Rappler
Exceeding market expectations, the Philippine economy grew by 6.9% in the first quarter of 2016, the Philippine Statistics Authority (PSA) announced on Thursday, May 19.
The latest GDP numbers – the highest since the second quarter of 2013 – makes the Philippines the fastest growing economy in the region, ahead of regional giant China, National Economic and Development Authority (NEDA) chief Emmanuel Esguerra said in a news briefing.
The first quarter gross domestic product (GDP) growth – an improvement on the 5.0% registered in the same period last year, and the now revised 6.5% growth in the fourth quarter of 2015 – beat market expectations of 6.6% growth.
Megaworld to spend P10B for new township
General Trias, Cavite
Megaworld Corp. is allocating some P10 billion for its mixed-use project in a 140-hectare property in General Trias, Cavite.
To be called Maple Grove, the vast property will become the company’s 21st mixed-use development in the country, and will be built over the next 10 years with a mix of residential, retail, office and institutional components.
Megaworld said the property is 45 minutes away from Makati and other Metro Manila central business districts via Coastal Road and Cavite Expressway. Maple Grove is at the entry point of the booming industrial and residential center of the Cavite-Batangas corridor, it added.
Megaworld capex up to P23B for Fort Bonifacio
Fort Bonifacio, Taguig City (Google Images)
Megaworld Corp. said it is increasing its capital spending for office towers in Fort Bonifacio by 15 percent to P23 billion, from the previous P20 billion, as it expands its office inventory close to 700,000 square meters (sq m) in the area.
Within the next two years, the company will have more than 30 office towers in Fort Bonifacio alone, the company said.
As a result, the company will accelerate its target of reaching 650,000 square meters to next year from its original goal of 2018.