Developer to launch 5 new township projects

MANILA — Andrew Tanled property developer Megaworld Corp. is planning to launch five new townships throughout the country this year.

In a statement, Megaworld said the company, along with units Suntrust Properties, Inc., Empire East Land Holdings, Inc. and Global- Estate Resorts, Inc., will launch two townships in Luzon, two in Visayas and one in Mindanao.

The total land area of these five projects is around 400 hectares, to bring Megaworld' total township land area to 3,100 hectares by year- end.

"With our adequate land bank and landholdings, the Megaworld Group is growing its townships to even more cities all over the Philippines. This means, more exciting destinations, more homes to be built, more office buildings to be offered and more jobs for Filipinos. Our vision is to build more world- class townships in every major city in the Philippines year after year," Dr. Andrew L. Tan, Megaworld chairman and CEO, said.

In 2014, Megaworld launched five townships covering nearly 1,000 hectares, namely Woodside City in Pasig City; Southwoods City in the boundaries of Cavite and Laguna; Davao Park District in Lanang, Davao City; Alabang West in Las Pinas City and Suntrust Ecotown in Tanza, Cavite.

Megaworld is known for developing successful townships such as Eastwood City in Quezon City, Newport City in Pasay City, McKinley Hill and McKinley West in Fort Bonifacio, as well as Mactan Newtown in Cebu and Iloilo Business Park in Iloilo City.

"We still have more lands to develop in our portfolio. Our various groups are working hard to come up with unique concepts and ideas on how we will create more sustainable communities across the country," Tan said.