Tycoon Kevin Tan-led Megaworld Corp.’s push into the high end could soon deliver P10-P20 billion in annual sales, an earnings lever that could help offset softer conditions in the broader property market.
Megaworld has pulled off a quiet but consequential coup in the property sector, luring a senior executive from Ayala Land in a move that underscores how serious Andrew Tan’s group is about scaling up its office business outside Metro Manila.
The P1.5-billion Mactan Expo was two years in the making and has been closely monitored ahead of the ASEAN Summit calendar. InsiderPH learned that Malacañang officials, together with representatives from the ASEAN Secretariat and organizing committee, conducted multiple site visits last year to ensure the facility’s timely completion.
The recognition bolsters Megaworld’s positioning in the war for talent as it expands its township, residential, hotel, and lifestyle portfolio across the Philippines. It also signals to investors and partners that the company is doubling down on people-centered growth alongside its business ambitions.
Movem Electric Inc., the end-to-end e-mobility solutions provider wholly owned by Manila Electric Co. (Meralco), has partnered with property developer Megaworld to begin the electrification of the latter’s Citylink bus fleet serving several of its major townships.
The property developer, led by Kevin Tan, opened its facility in Barangay New Villa Fria to nearly 100 evacuees, including children and the elderly, after heavy rains caused slope failures in the upland community of Upper Kemdeng.
Property giant Megaworld booked a 14-percent profit surge to almost P18 billion in the first nine months of 2025, powered by steady leasing momentum and a hotel comeback.