These expansive new developments to cover around 2,000 hectares in Luzon and Mindanao
Megaworld (PSE: MEG), the country’s largest developer of integrated urban townships and lifestyle communities, is set to launch six more townships this year until 2020. This will bring the company’s township portfolio to 30 by next year.
These new developments will cover an expansive land area of around 2,000 hectares. Most of these are from new land acquisitions carried by Megaworld Group’s land banking efforts during the last five years.
Five of these new expansive townships and lifestyle communities are in Luzon, while one is in Mindanao.
“Currently, we have a little over 4,000 hectares of both developed and developable land. By next year, we will increase our land ownership and land holding to more than 6,000 hectares as we continue to focus on our goal to expand to key growth areas in the provinces; help boost tourism, provide jobs, and further spur economic opportunities outside of Metro Manila,” reveals Kevin L. Tan, chief strategy officer.
At present, Megaworld already has 24 townships and lifestyle communities spread across the country: Nine (9) in Metro Manila, which include Eastwood City, McKinley Hill, Forbes Town, McKinley West, Uptown Bonifacio, Newport City, Alabang West, Westside City, and Arcovia City; eight (8) in Luzon, which include Capital Town Pampanga, Eastland Heights, Twin Lakes, Southwoods City, Suntrust Ecotown, Maple Grove, Hamptons Caliraya, and Highland City; six (6) in the Visayas, which include The Mactan Newtown, Iloilo Business Park, Boracay Newcoast, The Upper East, Northill Gateway, and Sta. Barbara Heights; and one (1) in Mindanao, the Davao Park District.
The Megaworld Group is composed of mother company Megaworld Corporation and its subsidiaries Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. (EELHI), and Suntrust Properties, Inc.