Megaworld news and updates

Rappler's latest stories on Megaworld

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Typhoon Rosita: Free overnight parking at Megaworld malls on October 30

Oct 29, 2018 - 10:47 PM

Stranded commuters can also use the restrooms and charge their phones at Megaworld malls

Typhoon Ompong: Free parking at SM, Ayala, Robinsons, Megaworld malls

Sep 14, 2018 - 1:25 PM

Overnight parking fees are waived for select malls as heavy rain and floods are possible due to Ompong (Mangkhut)

What do millennials look for in a home?

Jul 27, 2018 - 2:31 PM

Today's young achievers are constantly in search for living spaces that will fuel their drive and nurture their lifestyles. But what elements really matter to them?

Where to start and grow your business in Pampanga

Apr 25, 2018 - 2:49 PM

Titled lots for shophouses offered in the historic city of San Fernando

How this man-made lake restores the beauty of Caliraya

Apr 25, 2018 - 2:49 PM

Drive to the countryside and immerse in the picturesque beauty of this exclusive lakeside community where sophistication and adventure await

LIST: Planned developments in Boracay

Apr 10, 2018 - 10:39 AM

The 6-month Boracay closure will not impede the planned mega projects of property developers in the island

BORACAY NEWCOAST. Boracay Newcoast is a 150-hectare tourism estate in Boracay, being developed by Global-Estate Resorts Incorporated (GERI), a Megaworld Corporation subsidiary. Concept photo from Boracay Newcoast website

Alliance Global net income for 2017 stalls on Resorts World attack

Apr 05, 2018 - 8:15 PM

Alliance Global reports a net income of P21.8 billion in 2017, from P22.8 billion in 2016, as losses from its casino and liquor units offset gains from Megaworld and fast-food operations

Global-Estate Resorts net income up 45% to P1.6 billion in 2017

Apr 02, 2018 - 7:50 PM

The increase comes as the residential sales of the Megaworld subsidiary grew 4% to P4.5 billion, while income from rentals was up 54% to P161 million

Megaworld net income up 13.4% to P13.3 billion in 2017

Mar 26, 2018 - 4:25 PM

The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year

Megaworld to turn over 2,300 condo units in Fort Bonifacio in 2018

Mar 19, 2018 - 5:55 PM

Megaworld is the largest single landholder and developer in Fort Bonifacio, with 4 integrated urban townships covering a total of 107 hectares

BIGGEST INVENTORY. Megawide will deliver to buyers a total of 2,300 residential units from 5 condominium developments within in its 3 townships projects in Fort Bonifacio. Images from Megaworld

Megaworld to invest P54 billion more in Westside City township

Feb 27, 2018 - 8:30 PM

The developer plans two new hotels to coincide with the 2021 opening of a new casino in the township near Manila Bay

Grand Westside Hotel image from Megaworld

DoubleDragon plans 3.9-hectare industrial hub in booming Iloilo

Feb 14, 2018 - 4:00 PM

With the rising cost of traffic and congestion in Metro Manila, property developers like DoubleDragon are looking at alternative cities to expand their landbank

INDUSTRIAL HUB. DoubleDragon's planned industrial hub in Iloilo will have a capacity of 22,000 square meters of leasable space once fully developed. Image from DoubleDragon

Megaworld set to open Festive Walk Mall in Iloilo

Feb 05, 2018 - 4:05 PM

The P2.2-billion, 3-level mall at the Iloilo Business Park is opening this coming April

Photo by Megaworld

DoubleDragon, partners to build PH's 'biggest' hotel in Boracay

Feb 01, 2018 - 1:55 PM

Hotel101 Resort-Boracay will have 1,001 rooms and will be located in Megaworld's 150-hectare Boracay Newcoast estate

image from DoubeDragon

Megaworld to develop smart townships

Jan 29, 2018 - 7:25 PM

Dubbed iTownships, the initiative will include smart home technology, smart parking systems, and the use of sustainable materials, among others

Megaworld to build P8-billion estate along Lake Caliraya in Laguna

Dec 11, 2017 - 2:35 PM

The Hamptons Caliraya will be a 300-hectare development featuring lakeside residential villages and villas, a town center, two 18-hole golf courses, and a clubhouse, all set to rise over the next 10 years

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Megaworld to build P9-billion 'Makati-inspired' CBD in Cavite

Nov 20, 2017 - 5:30 PM

The 35-hectare central business district will be built within its 140-hectare Maple Grove township by 2022

Megaworld to build P3-B regional headquarters for New York-listed FactSet

Oct 02, 2017 - 2:30 PM

The 17-story FactSet Tower will offer 48,000 square meters of office space in Megaworld's McKinley West township

Megaworld launches new headquarters in Bonifacio Global City

Sep 27, 2017 - 8:15 PM

The 30-story Alliance Global Tower, situated in the Uptown Bonifacio township, houses Megaworld and all of its subsidiaries' 3,500 employees

Megaworld to spend P4.5 billion in 4 years for Twin Lakes in Tagaytay

Sep 21, 2017 - 8:05 PM

The money is earmarked for the development of residential villages and condominiums as well as a hotel in its 1,200-hectare Twin Lakes township

Megaworld set to open P2-B Southwoods Mall in October

Aug 31, 2017 - 7:40 PM

The 3 level mall located in the Southwoods City township will have a 24 hour Food Hall 4 cinemas department store supermarket hardware store toy store and transport hub

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group s property and fast food units temper the slower performance of its casino and liquor businesses

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

Alliance Global sees minimal income growth due to high spending, flat earnings

Apr 07, 2017 - 10:15 AM

Its consolidated revenues end flat at P139 7 billion in 2016 while reported net income climbs only 5 to P22 8 billion

HIGHER SPENDING. Alliance Global''s Kingson Sian says: 'Since about 3 to 4 years ago, the group has made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings.' Photo by Rob Reyes/Rappler

Rental sales lift Megaworld's 2016 income

Apr 05, 2017 - 7:30 PM

The developer however does not provide its real estate sales figures for 2016 which is a big component of its consolidated revenues

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Megaworld increases capital expenditures for 2017

Feb 08, 2017 - 2:46 PM

Since its cash position remains healthy Megaworld says it will use mostly internally generated funds to finance its P60 billion capital spending for the year

RIDING THE BOOM. Within the next 3 to 5 years, Megaworld hopes to see a bigger slice of hotel earnings in its revenue pie as it opens new hotels

Amid soaring demand, Megaworld sees P20-B rental income by 2020

Feb 01, 2017 - 4:55 PM

This means the urban township developer projects to more than double its P9 B rental income in 2015

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Landers Superstore to open in ArcoVia City and Alabang West

Jan 19, 2017 - 2:55 PM

Two of Megaworld’s newest township developments ArcoVia City and Alabang West will soon be home to Landers Superstore

NEW PARTNERSHIP. Landers and Megaworld executives sign agreement to put up superstores in Megaworld's two townships. Photo by Megaworld

Megaworld opening 4 new hotels in 2017

Jan 11, 2017 - 3:50 PM

Within the next 3 to 5 years Megaworld hopes to see a bigger slice of hotel earnings in its revenue pie as it opens new hotels

RIDING THE BOOM. Megaworld will open the Marriott Courtyard Hotel in Iloilo Business Park and the Savoy Hotel Boracay in Boracay Newcoast by first half of this year. Rappler file photo

Megaworld expects P1.35B in sales from Iloilo tower

Jan 08, 2017 - 9:45 PM

The new wing to be completed in 2021 will add 155 units to the township s Paris inspired residential tower

DEMAND INCREASES. Megaworld will call the new development as Saint Honore South Wing – an expansion of the Saint Honore North Wing that was launched in late August. Iloilo Business Park logo and background image from its website

Megaworld to spend P5B for Antipolo community dev't

Dec 12, 2016 - 4:40 PM

Over 100 hectares of the 640 hectare property will be for residential villages while 20 of the entire development will be for the 36 hole golf course and country club

WHOLE COMMUNITY. The development called Eastland Heights will have a 36-hole golf course, residential, commercial and retail, and institutional components. Rappler file photo

Alliance Global spending over P150B for two-year expansion

Sep 29, 2016 - 3:55 PM

Betting on the country s growth potential Andrew Tan s investment holding firm is spending more to accelerate expansion of its businesses

AGGRESSIVE.'We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capital spending plan moving forward,' Alliance Global president Kingson Sian says. Photo by Rob Reyes/Rappler

Megaworld spending P8.5B for hotel expansion

Aug 25, 2016 - 7:45 PM

The developer will build a total of 5 more hotels in Boracay Manila and Cebu

GOAL. By 2020, Megaworld's Andrew Tan says his firm's 3 local hotels brands will have a total of around 3,800 hotel rooms. Photo by Rob Reyes/Rappler

Megaworld to complete Visayas BPO Triangle by 2019

Aug 04, 2016 - 7:05 PM

The Visayas BPO Triangle will have 175 000 square meters of office space located in Iloilo Cebu and Bacolod

JOB-GENERATING DEVELOPMENT. Once completed, Megaworld expects to generate around 50,000 full?time direct jobs in the BPO sector in Visayas

Megaworld unit spending P10B for 5 hotels in Boracay, Batangas

Jun 30, 2016 - 6:30 PM

Four of these hotels are within a 150 hectare integrated tourism and leisure township in Boracay while the other one will be in a 1 200 hectare development near Tagaytay

TOURISM AND LEISURE. Megaworld’s GERI is the developer of Boracay Newcoast, a 150-hectare sustainably-designed integrated urban township. File photo by Rappler taken in 2015

Megaworld expands office footprint in Davao City

May 31, 2016 - 9:20 PM

The property giant s Davao City township is seen to generate around 100 000 jobs by 2020

RIDING THE BOOM. Megaworld's Jericho Go showing off some of the new towers of the property firm in Manila. File photo by Chris Schnabel/Rappler

Crane collapses along Makati street, 2 hurt

May 26, 2016 - 10:41 AM

2ND UPDATE Makati City Mayor Kid Peña orders A M Oreta to halt the construction of Salcedo SkySuites pending an investigation of the incident

MAKATI ACCIDENT. A crane collapses along H.V. Dela Costa street in Makati, injuring at least two motorists. Photo by Tedi Villasor

Clearing the aftermath of Laboracay 2016

Apr 28, 2016 - 6:42 PM

Advisory: Environmental campaign encourages locals and tourists to clean up after partying at the biggest events of the year in Boracay

LABORACAY. This file photo taken May 2015 shows a glimpse of the post-card worthy destination

Failed bidding: No takers for Laguna Lakeshore Expressway Dike

Mar 28, 2016 - 4:25 PM

3rd UPDATE Team Trident San Miguel and Malaysia s Alloy MTD do not submit offers for the country s most complicated public private partnership deal to date

NO TAKERS. The Laguna Lakeshore Expressway Dike deal is the 'most complicated' public-private partnership (PPP) project to date. Image from DPWH website

Megaworld to build more malls, office buildings in PH

Mar 07, 2016 - 2:40 PM

At least 75 of Megaworld s 2016 budget of P55B 1 17B is earmarked for its rental portfolio

RIDING THE BOOM. Megaworld's Jericho Go showing off some of the new towers of the property firm. File photo by Chris Schnabel/Rappler

Meralco in talks with SMDC, Megaworld for prepaid meters

Dec 12, 2015 - 3:38 PM

SMDC and Megaworld are Meralco’s target customers for the additional 100 000 meters it plans to install within its assigned franchise areas

IN TALKS. SM Development Corporation and Megaworld Corporation are considering to use Meralco's prepaid electricity meters in their housing projects

Builder Datem defers IPO plan

Nov 21, 2015 - 12:24 PM

The construction firm initially planned to raise P4 66 billion 99 23 million but with the deferral terms could be revised

MUM ON THE DEFERRAL. The construction firm did not disclose the reason for the delay or when it plans to push through with its equity offer

Andrew Tan's group earmarks P65B for entertainment, leisure township

Nov 02, 2015 - 2:50 PM

To be located near Manila Bay in Entertainment City Parañaque the township will house the second Resorts World in PH It is also eyed to become the Broadway of Asia

DEVELOPMENT. Megaworld and Travellers International Hotel Group, Inc. are allocating P65-billion ($1.39-billion) to develop Megaworld' 20th and second leisure and entertainment township, next to Newport City. Image from Resorts World Manila Facebook page

Fire hits Eastwood Mall

Sep 30, 2015 - 12:21 PM

UPDATED The fire emanated from a car that short circuited while parked at the basement of the mall in Libis Quezon City says the Eastwood City Estates Association No injuries are reported

BASEMENT FIRE. Fire hits the basement parking area of Eastwood Mall in Quezon City on September 30, 2015. Photo sourced by Rappler

Megaworld to open 2 malls worth P4B

Aug 18, 2015 - 8:30 PM

Opening in the last quarter of 2015 the Uptown malls promise to redefine lifestyle retail leisure and entertainment in upscale north Fort Bonifacio area

10 must-eats for Balikbayans in Makati

Aug 02, 2015 - 8:26 AM

Balikbayans will never miss the Philippines again with these Pinoy treats

Megaworld rides boom, builds 12 office towers in Fort Bonifacio

Jul 21, 2015 - 9:00 PM

The firm will double its total office space available by 2018 in an area that it says is becoming the de facto central business district

Why Makati remains a prime real estate spot

Jul 12, 2015 - 8:48 AM

Planning to invest in a Makati property? Know the factors that keep this district on top

Southern Luzon seen as 'very lucrative' market for real estate

Jul 08, 2015 - 7:28 PM

Southern Luzon is seen to be among the top 3 growth areas to watch out for in the country says Fatima Olivares Vital of property firm Ovialand Incorporated