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Manila Bulletin devider Business devider The Stock Market devider Megaworld launching more residential projects while clearing Metro Manila inventory

Megaworld launching more residential projects while clearing Metro Manila inventory

Published May 19, 2025 12:00 am  |  Updated May 19, 2025 10:18 am
While focusing on clearing its ready-for-occupancy units in Metro Manila, township developer Megaworld is set to aggressively launch new residential projects i the provinces later this year to take advantage of growing demand.
“Most of our new inventory is dated for release in the second half of this year, and we deliberately front-loaded fewer projects in the first half as part of our ongoing strategy to first clear out inventory and, of course, optimize our pricing,” said Megaworld Investor Relations Officer Andy de la Cruz.
He added that, for this year, I think we have about seven or eight residential projects lined up and only one of that is in Metro Manila. So we look to launch in our townships outside Metro Manila.”
This year, the firm is launching two new townships, that will be outside Metro Manila with one in Luzon and the other one in the Visayas as its pipeline of launches has been more geared outside Metro Manila.
Megaworld has set aside ₱50 billion for capital expenditures this year of which 20 percent will be for land acquisition while the bulk or 80 percent will be used to fund project development costs.
“We remain optimistic in hitting our ₱130 billion full-year reservation sales target, as it is a matter of launching projects in areas with strong demand, which is still present in today's market,” said De la Cruz.
He added that, “We have some ₱20 billion pesos of project launches this year and, while we continue to focus on selling existing inventory and optimizing pricing, the new projects will support our reservation sales for the rest of the year.
“This allows us to maintain healthy sales while ensuring that our projects align with evolving market dynamics.”
De la Cruz noted that, “Megaworld has always been flexible in adjusting its launch strategy so we can scale up or down based on market opportunities and should demand accelerate, we remain well-positioned to adapt and capture growth as needed.”
In the first quarter of 2025, the firm launched only one project, the Grand Marina Esplanade in the Hamptons at Caliraya, Laguna.
The project has 20 lots spread across over 14,000 square meters of sellable area with an average selling price of about ₱40,000 per square meter. The project is expected to turn over by 2029, and expected to reach a sales value of around ₱560 million.

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