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 eyes double-digit growth in 2015
Megaworld Corp., a leading property developer founded by billionaire Dr. Andrew Tan, expressed optimism that it can grow in all market segments and post double-digit growth in all segments in 2015.
“We expect townships to lead the way in our growth drive in 2015,” the company said.
“As far as Megaworld is concerned, we don’t foresee a property bubble. We don’t have speculative buyers. Just look at our condominiums—all are occupied,” the company added.
Megaworld has introduced 15 successful large-scale, master-planned, mixed-use townships across the country. These are the 18-hectare Eastwood City in Quezon City, the first cyberpark in the Philippines; Newport City in Pasay City, 25 hectares; McKinley West, 34.5 hectares; McKinley Hill, 50 hectares; Uptown Bonifacio, 15.4 hectares, and Forbes Town Center in Fort Bonifacio, 5 hectares; Mactan Newtown in Lapu-Lapu City, Cebu, 28.8 hectares; Iloilo Business Park in Mandurriao, Iloilo, 72 hectares; Woodside City in Pasig, 12.3 hectares and Davao Park District in Davao, 11 hectares.
Megaworld's GERI launches 3rd phase of Alabang West project
Megaworld Corporation’s subsidiary Global-Estate Resorts, Inc. (GERI) is launching another phase of its upscale residential project in Alabang West due to brisk sales and strong demand after its launch in October last year.
According to Megaworld Global-Estate, Inc., the company has already started selling another phase of residential lots due to the fast take-up of the initial two phases that Alabang West introduced during the October launch.
Of the total 788 available lots of the entire village, almost half have been sold out from October to December last year.
Alabang West is a 62-hectare fully-integrated posh township located along Daang Hari in Las Piñas City. The township is poised as the country’s Beverly Hills of the South through its Hollywood theme that offers the best of a commercial and business lifestyle with its own Rodeo Drive, together with an exclusive village for elite clients.
Megaworld 9-month profit surged 192% to P19.03 billion
Megaworld reported a net income of P19.03 billion for the first nine months of 2014, 192 percent higher than the P6.52 billion posted in the same period in 2013.
The figure includes the P11.62-billion nonrecurring gain from the acquisition and sale of a subsidiary and associate.
The company attributed the huge jump in sales to the strong residential sales in its various townships, particularly in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City, as well as higher leasing income from its office and retail portfolio.
“We are confident that Megaworld can achieve another record year for 2014 as we further expand our township developments all over the country,” said Dr. Andrew L. Tan, chairman and CEO of Megaworld.
Alliance Global's 2020 Goal: Be the largest PH hotel developer
Andrew Tan-led holding firm Alliance Global Group Inc. revealed plans to grow its hotel portfolio to 12,000 rooms by 2020, as it aims to become the country's largest hotel developer.
Tan, in a speech during the Philippine Property Awards 2014 where he was named as Real Estate Personality of the Year, said the 12,000 hotel rooms would be under 12 different local and foreign brands that include Marriott, Hilton, Sheraton, Westin, Okura, and Maxims.
“By the year 2020, we envision our group to be the largest hotel developer in the Philippines, with a total portfolio of around 12,000 hotel rooms,” he said.
GERI income grew 35% in H1
Global-Estate Resorts Inc. (GERI), the tourism-estate development firm owned by Megaworld owner Andrew Tan, said net income grew by 35 percent in the first half of the year due to strong sales from various projects.
The company said in a disclosure to the Philippine Stock Exchange that income reached P200 million for the period from P147.8 million last year.
GERI said it saw strong sales from Boracay Newcoast, Twin Lakes and Southwoods City, while the hotel income also increased.
Megaworld H1 profit quadruples to P16B
Property developer Megaworld’s net income in the first half of 2014 surged by 289 percent on the back of strong residential sales as well as higher leasing income from its offices and retail projects.
Megaworld said its net income in the first half of the year jumped to P16.44 billion from P4.23 billion posted in the same period last year due to strong residential sales in its township projects particularly in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City.
“I am confident that Megaworld can sustain its core growth momentum as we continuously expand all business segments in our townships across the country,” Megaworld chairman and chief executive Andrew Tan said in a disclosure to the Philippine stock exchange on Monday.
Emperador acquires Spain's biggest vineyard for brandy
Emperador Inc. has acquired more vineyard in Spain to boost the Philippine company’s brandy production and support its expansion in the international market.
In a disclosure to the Philippine Stock Exchange, Emperador said wholly owned Grupo Emperador Spain S.A. has inked a deal to purchase 230 hectares of vineyard in Toledo.
“With this total integration in our brandy production, we are in the best position to continue making Emperador the number one brandy in the world. That gives us the capacity to expand our global market. With Emperador Spain continuously looking out to acquire more vineyard land in Spain, we expect that our total vineyard property will reach close to 2,000 hectares by 2016," said Jorge B. Domecq, managing director of Emperador Spain.
Megaworld allocates P45 billion for McKinley West
Megaworld Corporation is developing the former 34.5-hectare Jusmag property now known as McKinley West in Fort Bonifacio, Taguig City, into an “ultra high-end” township development.
The company said it is spending some P45 billion in 10 years for the development of McKinley West, a property beside Forbes Park and Manila Polo Club.
Megaworld is constructing some 98 units of “private estates,” with cuts ranging from 79 square meters to 291 square meters.
The company will launch the project by next week, although the details are still in the works.
Megaworld to hasten residential project development in Southwoods City
Megaworld Corp. said its residential project in Southwoods City is almost sold out just three months after its launch, prompting the developer to launch the second and third phases of the venture.
The company said first phase of the Pahara development is already 75-percent sold. This is due to the great location of Southwoods City which is considered as as one of the primary reasons buyers consider when purchasing residential lots.
The company is projecting P2 billion in sales for the entire residential village.