View of a residential tower in Eastwood City, a flagship cyberpark by Megawold Corp. (Photo: Wikimedia Commons)
The real estate sector is a primary driver of economic growth in the Philippines. Among countless entities in the business, these select developers have enjoyed hallmark success that have boosted this industry to the fore. Their continued expansion keeps this sector on an upward trajectory.
Learn about two more top companies from this series: Megaworld Corporation, a developer led by business tycoon Andrew Tan; and DMCI Homes, led by concrete inspector and engineer David M. Consunji.
Known for their their mixed-use developments Eastwood City, McKinley Hill, and Forbes Town Center (among others yet), Megaworld Corp. was founded by Andrew Tan, a Filipino-Chinese businessman ranked as one of the richest Filipinos. Megaworld was incorporated in 1989. To date, it is considered the leading presence in condominium development given its portfolio of residential units, according to Colliers International. Megaworld currently has some forthcoming townships, among them Alabang West, south of Manila; Mactan Newtown, in Cebu City; and the Iloilo Business Park, in Iloilo City, to add to its already substantive portfolio. It has four subsidiaries: Empire East Land Holdings, Inc.; Suntrust Properties, Inc.; Global-Estate Resorts, Inc; and Global-Estates Resorts, Inc. - South.
Under its parent company DMCI Holdings, property developer DMCI Homes was incorporated in 1995. It prides itself in providing vertical and horizontal residential developments that offer a range of resort-type amenities and facilities, which prove to be popular based on uptake. The company means to turn over roughly 13,500 units between 2013 and 2018. Their projects include Acacia Estates in Taguig; the condominium Torre de Manila; Willow Park Homes in Laguna; and the condotel Alta Vista de Boracay.