Friday, March 6, 2015

Megaworld to have a total of 20 townships by end of 2015

Ranked as the fourth richest in the Philippines according to Forbes, billionaire Andrew Tan has issued that Megaworld Corporation will be dishing out five new townships this year, bringing its total across the country to 20.

Tan's property arm, Megaworld -- of which he serves as chairman and CEO -- has launched the following townships, so far:

1. Alabang West, Alabang (62 hectares)
2. Boracay Newcoast (150 hectares)
3. Eastwood City (18.5 hectares)
4. Davao Park District, Davao City (11 hectares)
5. Forbes Town Center, Fort Bonifacio (5 hectares);
6. Iloilo Business Park, Iloilo City (72 hectares)
7. Mactan Newtown, Cebu City (28.8 hectares)
8. McKinley Hill, Taguig (50 hectares)
9. McKinley West, Taguig (34.5 hectares)
10. Newport City, Pasay (25 hectares)
11. Southwoods City, Cavite (561 hectares)
12. Suntrust Ecotown, Cavite (350 hectares)
13. Twin Lakes, Tagaytay (1,300 hectares)
14. Uptown Bonifacio, Fort Bonifacio (15.4 hectares)
15. Woodside City, Pasig (12.3 hectares)

Two of the five new townships will be located in Luzon; another two are set for Visayas; the fifth will rise in Mindanao.

To date, the property giant possesses approximately 4,000 hectares of land, 80 percent of which they've devoted to townships espousing their lifestyle philosophy: "LIVE WORK PLAY LEARN SHOP." The townships function as mixed-use communities with a masterplan consisting of residential, retail, recreational, business, and educational components.

"With our adequate land bank and landholdings, the Megaworld Group is growing its townships to even more cities all over the Philippines," Tan had stated, in lieu of the announcement. 

"This means more exciting destinations, more homes to be built, more office buildings to be offered and more jobs for Filipinos," Tan said. 

"Our vision is to build more world-class townships in every major city in the Philippines year after year."

"We still have more lands to develop in our portfolio. Our various groups are working hard to come up with unique concepts and ideas on how we will create more sustainable communities across the country," issued Tan.

Megaworld was founded by Tan in 1989. It has four subsidiaries: Global Estate Resorts Incorporated, primed towards integrated tourism development; GERI - South, a division focused on sales and marketing for tourism development in the South; Empire East, which caters to the middle-income housing segment; and Suntrust Properties, a developer of affordable homes and communities.

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