• Megaworld Group grew reservation sales by 10.4 percent despite a more measured property market.
• Metro Manila projects led by Uptown Modern continued to anchor demand.
• Provincial developments are becoming bigger growth drivers as Megaworld expands beyond the capital.
The Philippine property market may be entering a more measured phase of growth, but tycoon Kevin Tan-backed Megaworld Corp. continues to find buyers across its expanding township portfolio, helping lift first-quarter reservation sales by double digits.
Megaworld Corp. remained the group’s biggest contributor, generating P21.2 billion in reservation sales and accounting for about 71 percent of Megaworld Group’s P29.7 billion total, which rose 10.4 percent from a year earlier.
Management’s view
“Our residential business continues to show strong resilience, led by steady sales across our Metro Manila developments and growing demand for our provincial properties,” president and CEO Lourdes Gutierrez-Alfonso said in a statement.
“More importantly, the sustained performance of our residential developments reflects the enduring strength of the township model that Megaworld pioneered—an integrated, lifestyle-driven approach that continues to provide us with a distinct competitive advantage and remains aligned with the evolving needs of the market,” she added.
Metro Manila anchors growth
The company’s 54-story Uptown Modern in Uptown Bonifacio led the quarter with P3 billion in sales, while Park McKinley West in Taguig and One Crown Suites at Winford Resort Estate in Manila also posted strong take-up.
The performance highlights how established township developments continue to attract buyers seeking integrated live-work-play communities.
Provinces add momentum
Outside Metro Manila, Megaworld drew momentum from Ilocandia Beach Village in Ilocos Norte, Maple Grove Park Village in Cavite, Santé Residences Palawan in San Vicente, Firenze at Iloilo Business Park, and La Victoria Global Residences in The Mactan Newtown in Cebu.
Megaworld is leaning further into that trend through new launches such as Santé Residences Palawan, projected to generate P6.5 billion in sales, and the 19.4-hectare Ilocandia Beach Village, which carries an estimated sales value of P4 billion.
—Edited by Miguel R. Camus
