MEGAWORLD SETS P65B CAPEX FOR NEW AND EXPANSION PROJECTS

LISTED property developer Megaworld has earmarked PHP65 billion in capital expenditures for 2026 as it expands its township projects outside Metro Manila.

- BY RUELLE ALBERT CASTRO

Megaworld believes its 'curated lifestyle malls' approach will serve their township communities through enhanced commercial synergy, providing a broader and more integrated selection of retail, dining, and lifestyle options for mall-goers and customers.

In a disclosure to the Philippine Stock Exchange last week, the company said the funds will be used for land acquisition, development of existing projects, and high-value investments.

The company is set to launch 19 projects this year, including the Ilocandia Coastown in Ilocos Norte, the Upper Central in Cagayan de Oro City, and the Nascala Coast in Nasugbu, Batangas.

Other projects are in the cities of Pasig, Taguig, Manila and in the provinces of Cavite, Laguna, Palawan, Iloilo and Cebu.

Residential, office, and retail projects in Bacolod, Iloilo, Pampanga, Cavite, and Palawan are also further developed since these "will help propel the growth of MREIT, Inc., Megaworld's real estate investment trust, as more developments add to the list of future infusions that the company can tap," the disclosure said.