Megaworld’s net income jumps 17% to record high of P15.8-B in 2018

14 percent to P1.5-billion compared to P1.3billion in 2017. The company launched two new hotels last year: the 684-room Savoy Hotel Manila in Newport City, and the 126room Twin Lakes Hotel in Twin Lakes, Laurel, Batangas. This brought the number of Megaworld Hotels to seven (7) by end-2018.

“We have gained the fruits of our expansion in the regions as we saw continuing growth in the demand for residential units as well as office and commercial spaces in our various townships across the country. Perhaps, as we build these townships, people saw the advantage of living where they work, and living where everything is just within reach.

This model makes every aspect of our business viable and expandable, and we continue to spot for opportunities where we can further grow and innovate our offerings,” explains Tan.

Just several weeks ago, together with its subsidiary Empire East Land Holdings, Inc., Megaworld introduced its 24th township, the 24-hectare Highland City along F. Felix Avenue in Cainta, Rizal. It allocated P20-billion to develop the township within a 10-year period.

Over the last 30 years, the Megaworld Group has expanded its township developments across the Philippines that include: Eastwood City in Libis, Quezon City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town (five hectares), all in Fort Bonifacio, Taguig City; The Mactan Newtown in Lapu-Lapu City, Cebu (30 hectares); Iloilo Business Park in Mandurriao, Iloilo City (72 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (173 hectares); Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Batangas near Tagaytay (1,300 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares);Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Eastland Heights in Antipolo, Rizal (640 hectares); Suntrust Ecotown in Tanza, Cavite (350 hectares); Maple Grove in General Trias, Cavite (140 hectares);The Hamptons Caliraya in Lumban-Cavinti, Laguna (300 hectares); The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; Capital Town Pampanga beside the Pampanga Provincial Capitol in the City of San Fernando (35.6hectares); and Westside City in the Entertainment City in Paranaque City (31 hectares.)

NOTICE OF EXTRA-JUDICIAL SETTLEMENT OFTHE ESTATE OF DECEASED MONICA TOLENTINO y LAYSON WITH JOINT SPECIAL POWER OF ATTORNEY