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Manila Bulletin devider Philippines devider Luzon devider On its 35th year, Megaworld will bring more townships to the provinces

On its 35th year, Megaworld will bring more townships to the provinces

Published Jun 20, 2024 06:22 am

Already an established real estate developer in major locations across the country, property giant Megaworld is looking to expand its presence in key areas outside Metro Manila as it celebrates its 35th anniversary this year.

Currently, MEG townships comprise more than 7,000 hectares across the Philippines. Megaworld is bringing more of its developments to several key provinces in Northern Luzon, parts of Visayas, Northern Mindanao, and CALABARZON. 

The company’s decision to expand into these locations stems from a combination of seeing huge demand and economic potential, strategic and prime location, how the company can support the needs of various communities in the provinces, and how it can further generate employment and help fuel growth through its township developments.

MACTAN NEWTOWN.jpg

THE Mactan Newtown

A township nestled by the beach, the continued expansion of The Mactan Newtown will soon bring two new iconic additions to Megaworld’s Lapu-Lapu City township: The Mactan Expo Center, the first and only standalone convention center in the entire Cebu, and the Mactan World Museum, which will showcase the heritage and friendship between the Philippines and Spain.

For Megaworld, it is imperative to expand to these locations because of the significant demand for integrated residential, commercial, and mixed-use developments that these areas show. It is supported by growing industries and improving infrastructure, making them ideal for long-term investments.

By introducing these townships to the provinces, Megaworld aims to create self-sustaining communities where people can live, work, and play without needing to travel far, as these townships are designed to enhance the quality of life and stimulate local economic activity. 

Megaworld’s expansion strategy is rooted in extensive planning and sustainable development. It carefully plans each new township to ensure it aligns with its live-work-play philosophy, while respecting the historical significance of each location, creating vibrant communities where everyone can enjoy thriving.

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CAPITAL Town Pampanga

The 35.6-hectare Capital Town near the Pampanga Provincial Capitol will soon house its own lifestyle mall, green office towers, hotels, and more as it becomes the premier central business district of Northern Luzon.

The extensive expansion involves several components, such as building the necessary infrastructure to support residential, commercial, retail, and hospitality components that allow Megaworld’s townships to offer excellent connectivity to its stakeholders. It also includes close collaboration with local governments and stakeholders, which is essential to ensure a seamless integration with the community.

Additionally, a strong focus on sustainability is emphasized throughout the development process  as the company incorporates green technologies and environmental-friendly practices in every development project, with around 40 percent of every township dedicated to lush and open spaces.

Development is done in phases, which allows Megaworld to stay agile and flexible in responding to changing market needs.

Megaworld is also gearing up to further expand its commercial projects. The company plans to expand its leasing portfolio to 3million square meters of gross leasable area (GLA) by 2030 for both its office buildings (2 million square meters) and lifestyle mall developments (1 million square meters).


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MEGAWORLD townships

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