Megaworld bookings rise on sustained residential demand

MEGAWORLD CORP. recorded reservation sales of P29.7 billion in the first quarter, up 10.4% from a year earlier, supported by sustained demand across Metro Manila and provincial residential projects.

Megaworld President and Chief Executive Officer Lourdes T. Gutierrez-Alfonso said the company’s residential segment remained resilient despite a challenging operating environment.

“Our residential business continues to show strong resilience, led by steady sales across our Metro Manila developments and growing demand for our provincial properties,” she said in a statement on Tuesday.

Residential developments accounted for about 71% of total reservation sales, or P21.2 billion, underscoring continued reliance on the segment as the group’s primary growth driver.

Uptown Modern in Uptown Bonifacio contributed about P3 billion in sales during the quarter. The 54-storey condominium in Taguig will have 1,053 units and is scheduled for turnover in July 2031.

Other Metro Manila projects that posted strong sales included Park McKinley West in Taguig and One Crown Suites at Winford Resort Estate in Manila.

Provincial developments also supported overall performance. These included Ilocandia Beach Village in Ilocos Norte, Maple Grove Park Village in Cavite, Santé Residences Palawan in San Vicente, Firenze in Iloilo Business Park and La Victoria Global Residences in Cebu.

The company said sustained demand reflects continued strength in its township model, which integrates residential, commercial and lifestyle components within masterplanned estates.

Megaworld also expanded its provincial pipeline during the period with the launch of more projects. Santé Residences Palawan, a 14-storey condominium and the Philippines’ first WELL-certified residential development, is expected to generate about P6.5 billion in sales.

The company also introduced Ilocandia Beach Village, a 19.4-hectare beachfront estate in Ilocos Norte projected to contribute about P4 billion in sales.

Megaworld said provincial expansion remains a key strategy as demand shifts beyond Metro Manila toward emerging growth corridors.

The company is developing The Sugartown in Talisay, Negros Occidental, its 37^th township and the third in the Negros Island region.

Megaworld now has more than 37 townships covering over 7,000 hectares nationwide, along with more than 800 residential projects. It remains the country’s biggest office landlord and hotel operator in terms of room keys.

Shares of Megaworld rose 0.49% to close at P2.06. — Juliana Chloe A. Gonzales