MANILA – Listed property developer Megaworld has earmarked PHP65 billion in capital expenditures for 2026 as it expands its township projects outside Metro Manila.
In a disclosure to the Philippine Stock Exchange on Wednesday, the company said the funds will be used for land acquisition, development of existing projects, and high-value investments.
The company is set to launch 19 projects this year, including the Ilocandia Coastown in Ilocos Norte, the Upper Central in Cagayan de Oro City, and the Nascala Coast in Nasugbu, Batangas.
Other projects are in the cities of Pasig, Taguig, Manila and in the provinces of Cavite, Laguna, Palawan, Iloilo and Cebu.
Residential, office, and retail projects in Bacolod, Iloilo, Pampanga, Cavite, and Palawan are also further developed since these “will help propel the growth of MREIT, Inc., Megaworld’s real estate investment trust, as more developments add to the list of future infusions that the company can tap,” the disclosure said.
Hospitality expansion is also in the pipeline, with five hotels now under construction, namely ArcoVia Hotel in Pasig City, Savoy Hotel Capital Town in San Fernando, Pampanga; Savoy Hotel Palawan and Paragua Sands, both in San Vicente, Palawan; and The Kingsford in Bacolod City.
Megaworld president and chief executive officer Lourdes Gutierrez-Alfonzo said they “are seeing opportunities ahead and we look forward to the sustained growth in the office, commercial, hospitality, and tourism sectors.”
“We are continuing our expansion program with renewed optimism as we innovate our township offerings. Our residential burins remains strong growth engine, especially as we introduce more pioneering projects that integrate new technologies such as use of artificial intelligence into our new developments,” she said. (PNA)