MREIT Inc., the real estate investment trust of property giant Megaworld, is accelerating its 1 million square meters gross leasable area (GLA) target to 2027, three years ahead of its original plan.
Tycoon Kevin Tan-led Megaworld Corp. is pushing to become the country’s dominant hotel developer, targeting 9,000 hotel rooms by 2030 through seven new hotels across major townships.
First Metro Securities has tagged Megaworld as “extremely undervalued,” issuing a buy call as it highlights the developer’s township model and resilience in a soft office market.
Megaworld’s township developments across the Philippines are quietly driving strong property value gains, attracting both end-users and investors seeking long-term growth.
Property giant Megaworld scores a major win as Iloilo City formally declares its Iloilo Business Park the official Center of Culture and Arts under Executive Order No. 021, cementing the township’s role beyond commercial development.
The project, named Nascala Coast, will combine residential villages, beachside condos, commercial hubs, and leisure destinations. The township aims to capture the scenic value of Nasugbu’s coastal and mountainous terrain while offering a mixed-use development model targeting homeowners, investors, and tourists.
The collaboration marks a strategic shift for Megaworld, the country’s largest operator of Filipino hotel brands, as it moves to compete more aggressively in a post-pandemic tourism market that increasingly values both global brand recognition and localized service delivery.