MANILA, Philippines – Megaworld,
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. ###
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