Megaworld Sales Hit PhP37B in 2011

Makati–(PHStocks)–Megaworld (PSE: MEG) is the number one residential developer in terms of units, sales value and total saleable area for the whole year of 2011. The company has sold 10,451 units worth about PhP37.1 billion last year, translating into a total saleable area of more than 400,000 sqm for the full year 2011. The total saleable area represents at least a 35% lead over the company’s closest competitor.

Megaworld owes its phenomenal sales growth to its superior portfolio and sterling track record in the Philippine property market.

Megaworld is a pioneering developer of integrated live-work-play-learn township communities in the country. It has seven such mega-community projects on the rise in the most strategic locations in Metro Manila, namely, Eastwood City and Manhattan Garden City in Quezon City; McKinley Hill, McKinley West and Bonifacio Uptown in Fort Bonifacio; and Newport City in Pasay City. It has also recently launched its first project in Cebu called Mactan Newtown.

For more than 20 years, Megaworld has emerged as the country’s No. 1 real estate organization with more than 225 residential and office buildings completed with a total floor area of around 5.5 million square meters.