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Alliance Global Tower - Feb 17 2020 02 (1).jpg
capex program
core bussiness performance

Megaworld's core businesses achieved double digit growth in 2022 as profits soared to P15.4-B March 01, 2023 Property giant posted a net income of P15.4-billion last year, up 7% from P14.4-billion the previous year, boosted by double-digit revenue growth…

dotr tunnel boring machine

DOTr says Metro Manila Subway project has reached ‘point of no return’ Expressways and flyovers? That’s cute. Anyone familiar with Metro Manila’s traffic mess will tell you that an improved public transportation system is likely the key to solving the problem—which is why we’re paying very close attention to the Metro Manila Subway project.

bonifacio capital

'Bonifacio Capital District' to rise in Fort Bonifacio Mar 14, 2019 Property giant Megaworld and the Bases Conversion and Development Authority (BCDA) are teaming up in creating a new district in Fort Bonifacio, the…

Property giant Megaworld is allocating P350-billion for capital and project development spending starting this year until 2027 to accelerate and further expand its township footprints across the country.

The 5-year CAPEX program is primarily intended to develop townships in new growth areas outside of Metro Manila, particularly in CALABARZON, MIMAROPA, Northern Luzon, and even in some parts of Visayas and Mindanao. 

“This CAPEX program will allow Megaworld to set its sight on various opportunities in building townships or mixed-use lifestyle communities, which is already the strength of our company. Aside from residential, office, malls, and hotels, there are more to offer to make every township more relevant and sustainable to the next generation of Filipinos,” says Kevin L. Tan, chief strategy officer, Megaworld.

The company will also capitalize on opportunities in increasing tourism activities in the country, particularly in MICE (Meetings, Incentives, Conventions, Exhibitions) as it intends to build more hotels as well as MICE facilities such as convention centers in key cities within the next five years.

Megaworld is also building more ‘sustainable’ Grade A office towers to address the increasing demand for workspaces especially from emerging businesses and industries, even as BPOs remain to be a key driver for office demand. 

These new office towers are lined up in various townships, particularly in Metro Manila, Pampanga, Bulacan, Cavite, Cebu, Iloilo, Bacolod, and Davao.

The company is also set to expand its Megaworld Lifestyle Malls portfolio, with new malls and commercial developments lined up for construction in the next five years, particularly in Pampanga, Bulacan, Cavite, Rizal, Cebu, Bacolod, and Davao. 

“There will be some land acquisitions during this period, and we are also preparing for that. Most of the budget will really be used to spruce up and expand the existing townships, and of course, to put up more residential, offices, malls, and hotel properties,” adds Tan.

new senate

“Bagong Senado”: The Senate of the Philippines’ New Home After a decade of planning, the Senate of the Philippines is finally relocating to its new permanent home upon the completion of the New Senate Building.

new sky train

INFRACORP ready to start BGC-Makati Skytrain project this year. INFRACORP Development, Inc., the infrastructure company of tycoon Andrew Tan’s Alliance Global Group, Inc. (AGI) has announced that it is ready to start the proposed Skytrain monorail project connecting the districts of Taguig and Makati.

eid mubarak

Eid Mubarak! May the spirit of sacrifice and obedience bring blessings, happiness, and prosperity to you and your loved ones on this blessed occasion of Eid'l Adha.

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