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Manila Bulletin devider Business devider The Stock Market devider Megaworld bullish on property sector; ramps up township developments outside NCR

Megaworld bullish on property sector; ramps up township developments outside NCR

Published Jan 19, 2025 09:35 pm

Township developer Megaworld Corporation, the real estate arm of tycoon Andrew Tan’s Alliance Global Group, is set to launch at least two more townships outside of Metro Manila this year.

The firm said it is continuously ramping up its portfolio of integrated developments in the provinces and the upcoming townships, covering more than 300 hectares of land, will be developed in key growth areas in Luzon and Visayas.

“As we work towards helping cities grow their local economies and provide job opportunities, we are focused on further expanding our township portfolio in the regions,” said Megaworld President Lourdes Gutierrez-Alfonso.

She added that “these two townships have expansive land areas which will further boost our land bank.”

Last year, the company also launched four new townships with a total land area of more than 300 hectares, almost similar to what will be launched this year. 

These new townships are the Lialto Golf and Beach Estates in Lian, Batangas; San Benito Private Estate in Lipa, Batangas; Ilocandia Coastown in Laoag City, Ilocos Norte; and The Upper Central in Cagayan de Oro City.

Currently, 69 percent of Megaworld townships are in the provinces: 16 in Luzon, six in the Visayas, and two in Mindanao, while only 31 percent are in Metro Manila. 

“Aligned with Alliance Global Group’s vision on tourism, many of these Megaworld townships are drivers of tourism in their respective locations,” said AGI President and CEO Kevin Tan.

He noted that “we build hotels, museums, resorts, malls, sports and leisure facilities, and many other attractions within our townships to support our country’s tourism industry.”

Tan said their outlook for the property sector in 2025 is positive as interest rates are going down and this should “be very good for the property market,” particularly the residential business.

“Our residential business continues to be strong, specially, the luxury segment. So we continue to be very bullish on that,” he added.
 

Related Tags

Alliance Global Group Inc. Megaworld Corporation Kevin L. Tan Lourdes T. Gutierrez-Alfonso
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