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Megaworld pouring ₱3.4 B into provincial township expansion
Manila Bulletin
|October 14, 2025
Top township developer Megaworld Corp. is reinvesting ₱3.4 billion from the recent sale of MREIT Inc. shares to expand the offerings of its three township developments in Bacolod, Mactan, and Palawan.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said portions of the share sale proceeds will be used to develop new income-generating assets such as office towers, lifestyle malls, and hotels.
"These three provincial townships, while different in scale and themes, have huge potential for tourism, which will drive business into these localities," said Megaworld President and Chief Executive Officer (CEO) Lourdes Gutierrez-Alfonso.
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