Property developer Megaworld Corp. announced over the weekend its plan to launch new mixed-use communities outside Metro Manila this year.
It said in a statement it would develop these new townships, covering more than 300 hectares of land, 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. These two townships have expansive land areas which will further boost our land bank,” said Megaworld president Lourdes Gutierrez-Alfonso.
The company launched four townships in 2024 with a total land area of more than 300 hectares, almost similar to what would be launched this year.
The townships announced last year include the 150-hectare Lialto Golf and Beach Estates in Lian, Batangas; the 25-hectare San Benito Private Estate in Lipa, Batangas; the 84-hectare Ilocandia Coastown in Laoag City, Ilocos Norte; and the 117-hectare The Upper Central in Cagayan de Oro City.
Megaworld budgeted P25 billion to develop these projects. These developments offer various components including residential, office, commercial cent and hotels.
This brought Megaworld’s total number of townships to 35 across the country as of end-December 2024. About 69 percent of them are in the provinces, with 16 in Luzon, six in the Visayas and two in Mindanao. 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. We build hotels, museums, resorts, malls, sports and leisure facilities, and many other attractions within our townships to support our country’s tourism industry,” said Kevin Tan, president and chief executive of Alliance Global Group, the parent company of Megaworld.