#Megaworld Corporation Township
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McKinley Hill Taguig Philippines 2018, c. SSP
McKinley Hill is a prominent residential and commercial development located in Taguig City, Philippines. Developed by Megaworld Corporation, this township is inspired by European architecture, giving it a unique aesthetic compared to other parts of Metro Manila.
One of the most famous attractions in McKinley Hill is the **Venice Grand Canal Mall**, which mimics the look and feel of Venice, Italy. The mall features a man-made canal where visitors can take gondola rides. It's a mix of high-end retail shops, dining options, and entertainment venues.
Overall, McKinley Hill is a thriving mixed-use development that offers a balance of residential, commercial, and leisure spaces in a uniquely themed environment.
#philippines#taguig#photoblog#photographers on tumblr#streetphotographer#original photographers#cityscape#bnwphotography#when in manila#manila
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Capital Town Pampanga
A Future Built On Heritage
Megaworld Corporation- The Philippines’ largest real estate company just launched another “township masterpiece”.
The company is noted to be the pioneering entity behind the concept of “Live-Work-Play-Learn” where all the essential components of a community like schools, hospitals, offices, leisure and business establishments, hotels and shopping malls as well as active…
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#36 hectares development in Pampanga by Megaworld Corporation#Capital Town Pampanga#Megaworld Corporation Township#San Fernando Pampanga
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Macau Hotel
Ang Macau Hotel ay isa sa mga lugar na kung saan may masasayang ala-ala na ako’y nai-uwi sa Pilipinas. Ito ay isa sa mga napasyalan kong hotel at isa din sa aking tinirhan na hotel nung kami ay nag-gagala sa mga hotel na pwede naming matirhan ng panandalian. Makikita dito kung gaano kasosyal ang kanilang hotel at kung gaano ka-mahal ang kanyang mga gamit na naka-display. Marami kang pwedeng pag-picture-an na puwesto dito dahil ito ay isa sa mga hotel sa Macau na sobra kang masisiyahan dahil sa kanyang ganda. Marami din sa mga Pilipino ang tumitira o naglalakbay sa iba’t ibang hotel dito sa Macau dahil ito ay ang kanilang isa sa mga the best na iyong makikita. Ang mga hotel dito ay may kanya kanyang lawak ng kanilang mga lugar. Sobrang payapa ng lugar na ito dahil kahit pa na ito ay maraming tao pero sila ay nasa kani kanilang mga sariling mga kwarto. Dito ninyo masasabi na sobrang linis ng mga hotel o ng mismong Macau dahil kahit isang kalat ay bawal dito.
Hong Kong Disneyland
Ang Hong Kong Disneyland ay isang theme park na matatagpuan sa reclaimed land sa Penny's Bay, Lantau Island. Ang Hong Kong Disneyland ay pasyalan ng karamihan na dumadalo sa China at ang mga iba pang lugar, karamihan sa mga pinapasyal nila dito ay ang mga bata. Ngunit karamihan sa mga pumupunta dyan ay mga pamilya na kahit walang bata, na-eenjoy naman ang puwesto na ito kahit karamihan sa mga dumadalo ay ang mga matatanda lamang. Karamihan sa oras naming sa bansang ito ay ginamit namin upang ikutin at maglakad-lakad sa iba’t ibang dako sa Hong Kong – pagpunta sa mga mainam na parke, sa mga hardin, pamilihan, at lalong lalo na sa mga magagandang lugar na matatanaw mo ang kagandahan ng bansa. Ang Hong Kong Disyneland ay parang Enchanted Kingdom lamang sa Pilipinas, marami kang pwedeng pasukan na rides at marami kang pweding ma-experience na mga palaro rito. Nasubukan din namin ang iba’t ibang kainan dito sa Hong Kong na kung saan halos karamihan dito ay naghahain ng pagkaing pang intsik tulad na lang ng, Chinese dim sum at dumplings na sikat na sikat dito. Hindi rin mawawala sa Hong Kong ang mga street food na kung saan ay marami kang mapagpipilian na pagkain, at bukod sa marami, ay mura at sulit pa.
Manaoag Church
Ang Shrine ng Our Lady of the Rosary of Manaoag ay isang paboritong pilgrimage site sa Pangasinan.Ito ay pormal nang itinaas bilang minor basilica sa isang matimtimang seremonya. Ang sinauna pang ivory image ng Our Lady of Manaoag o “Apo Baket,” na nakadambana sa mataas na altar ng simbahang Spanish-Romaneque, ang disenyo nito ay pinaniniwalaang milagrosa. Ang Manaoag Church ay isa sa mga pasyalan ng mga tao rito sa Pilipinas. Kami ng aking pamilya ay nagpupunta rito isang beses sa isang taon, dahil kami ay naniniwala na ang birhen na ito ay maraming natutupad na wish ng mga tao. Sa tuwing ang aming pamilya ay may bagong saksakayan, kami ay dumadayo rito para lang mag pa bless at sasamahan na din namin bumili ng mga bracelet o kwintas. Ang masasabi ko lang ay madadama mo dito ang ganda at kapangyarihan na ikaw mismo ang makaka-intindi. Nakita ko dito ang Rosary Garden na napakatahimik at napakaganda. Ang una kong nabatidsa lugar na ito ay ang “Lady Statue” na makikita sa pinakaharap ng Rosary Garden. At ang susunod narebulto ay ang lugar kung saan ako ay nagtirik ng kandila at humiling. Ang Rosary Garden at ManaoagChurch ay napakagandang pasyalan. Marami dito na pwedeng pasyalan ng mga tao, at marami din ang mga pumipila para lang maka kuskos ng kanyang basbas sa kanya kanyang panyo ng mga bumibisita rito.
Venice Grand Canal Mall, McKinley Hill
Ang Venice Grand Canal ay isang lifestyle mall development sa ilalim ng Megaworld Lifestyle Malls na matatagpuan sa loob ng 50-ektaryang McKinley Hill township ng Megaworld Corporation sa Fort Bonifacio Taguig City. Tunay nga na maganda ang mga tanawin sa bansang Pilipinas. Kailangan lamang natin itong tuklasin at buksan ang ating puso ukol sa magagandang bagay. Kami ay galing sa Tagaytay, at dineretcho kame ng driver na aming rinentahan sa Mckinley Hill, laking gulat nalang namin na ang lugar na ito ay ang ganda sa personal at hindi nasira ang aming tuwa. Sa aming paglalakbay ay madami kaming nakasalamuha na magagandang pigura at nagtataasang mga bahay na animoy nasa ibang bansa ka nakatira. Madameng mga magagarang kainan na animoy sa pelikula mo lamang makikita. Makikita mo kung gaano kasaya ang mga sumasakay sa boat at kung gaano kalinis ang tubig sa paligid neto. Ito ay pasyalan ng karamihan na turista na nagpupunta sa atin bansa, hindi ka magsisising pumunta dito kasi para kang nasa ibang bansa na ang linis ng kapaligaran.
#LAKBAY-SANAYSAY #SMAGUAGUA #MARIAN
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DIRECT CLIENTS OR BROKER WITH DIRECT CLIENTS ___________________ Corner Residential Lot for sale in #MckinleyHillVillage, Taguig ___________________ PHP 84,000,000 ___________________ Corner Residential Lot for sale in Mckinley Hill Village, Taguig Location: Mckinley Hill Drive, Mckinley Hill Village Taguig Property type: Residential lot Lot area: 249 sqm. Selling Price: Php 84,000,000 *Corner lot *Facing South *McKinley Hills Village is Megaworld Corporations’ first village project in its McKinley Hill Township. McKinley Hill Village takes its inspiration from the Spanish Mediterranean Lifestyle and Design. This residential address boasts of exclusivity with only 459 prime lots spread over an expansive 10 hectares of property. Features and Amenities: 24/7 security Clubhouse Swimming pool Kiddie pool Al-fresco lounge Game room Children's playground Multi-purpose function rooms ___________________
#MckinleyHillVillage#mckinleyhillvillage#mckinleyhills#mckinleytaguig#lotforsale#houseandlot#beautifulhouse#residentiallot#vacantlot#lotforrent#houseandlotrent#house
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Welcome to Boracay Newcoast a 150 hectares Development by Megaworld Corporation. The first Township in The Island of Boracay.
Projects Offers:
*Residential Condominium
Ocean Garden Villas - Pre Selling
Oceanway Residences - Ready for occupancy
*Condotel or Hotel Investment
Savoy Hotel - Operational
Belmont Hotel - Operational
Chancellor Hotel - Pre selling
*Newcoast Village- titled residential lots
*Shophouse District-Titled residential and Commercial lots
*Boutique Hotel District- Titled Commercial lots
For mor Details:
Investment Specialist: Myra S. Magdaong
Email: [email protected]
Business WhatsApp & Viber: +639087821034
Local Globe: +639173171860
#propertiesforsaleinthephilippines #investmentproperty #MegaworldBoracay #boracayisland #bestbeach #boracaynewcoast #township #propertyinvestment #investinrealestate
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March 18, 2017
Team Sequence was invited by Megaworld Corporation for the screening of Beauty and the Beast at Venice Cineplex because the summer ID we made, “Township Beats” was launched at the big screen before the film.
Venice Cineplex VIP Cinema does not disappoint. The seats are super comfortable and plushy I could almost sleep. The popcorn is super addicting! I don’t know what makes the cheese flavor different from the others. Overall, it was definitely a hygge experience!
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Hotels Near Iloilo Airport to Consider
Taking an early morning or midnight flight from Iloilo to any domestic or international destination should not worry tourists anymore. Below is a list of hotels which can provide not just tourists’ room but also their transportation needs. 1. Richmonde Hotel Iloilo
Richmonde Hotel took pride of five-star quality services and amenities at affordable prices. The hotel is located at the heart of the recent township development by Megaworld Corporation. Situated at Iloilo Business Park in Mandurriao, Iloilo City, Richmonde Hotel Iloilo gives first-class accommodations in Iloilo.
2. Injap Tower Hotel
The 21-storey Injap Tower Hotel offers a brand new experience to its tourists. The hotel organize a transport service for its guests in going to Iloilo Airport. It is well-known for being the tallest and first high-rise building in western Visayas. Located along Benigno Aquino Jr. Avenue in Mandurriao, Iloilo City, it offers ease more than anything else.
3. Diversion 21 Hotel Iloilo
Just a few steps away from Injap Tower is Diversion 21 Hotel Iloilo. It is a three-year-old hotel which is often the event’s location for conferences and convention. The hotel is just near Benigno Aquino Jr. Avenue, Mandurriao, Iloilo City. This makes going to the airport easy, whether at day or night. s.
4. Smallville 21
The hotel is actually located at the heart of the nightlife district of the City of Love. It is very nearby to all restaurants, pubs as well as karaoke television (KTV) or function rooms. Except from the transport service for hotel guests, they can also hop on a taxi which plies the area 24/7.
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ABOUT MEGAWORLD
Megaworld Corporation is Philippines’ largest residential condominium developer. We pioneered the Township concept where we incorporate residential condominium, business offices, upscale and world-class malls, and prestigious schools in One township.
For end-user of our condominium, our township promotes the walkable community to our residents, making a complete lifestyle more accessible to people. For investors, we have put the rental market (employees from commercial and institutional offices). In addition, our township is strategically located in prime location which makes our properties perfect both for own-use and investment.
Megaworld continues to be an innovator and first mover in the real estate. We were awarded as Best Managed Philippine Company by Finance Asia. And our residential properties and commercial buildings bagged awards.
Megaworld will give you best residential condominium unit in the best location at affordable price and terms.
To date, the company already has 21 integrated urban township developments across the Philippines, namely: Eastwood City in Quezon City, (18 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 Center (5 hectares), all in Fort Bonifacio; The Mactan Newtown in Cebu (30 hectares); Iloilo Business Park (72 hectares) and Sta. Barbara Heights (173 hectares), both in Iloilo; Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Tagaytay (1,200 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); Suntrust Ecotown (350 hectares) and Maple Grove (140 hectares) both in Cavite; The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; The Capital in the City of San Fernando (35.6-hectares); and Westside City in the Entertainment City in Paranaque (31 hectares.)
CURRENT TOWNSHIPS AND PROJECTS AT FORT BONIFACIO
MCKINLEY HILL
Where the World Unfolds
Employing Megaworld's signature development concept LIVE-WORK-PLAY-LEARN and SHOP, McKinley Hill is a globally-inspired township spanning 50 hectares of land bank in Fort Bonifacio. Inspired by cities of Italy and Spain, the township brings to Metro Manila the spirit of the Mediterranean. Here, one will find structures reminiscent of renowned European landmarks, grandiose venetian arts and picturesque Florentine courtyards.
McKinley Hill proves to be a true melting pot of east and west - a healthy mix of global diversity and the Philippine elite. It hosts various international institutions such as the embassies of Great Britain, Korea and United Arab Emirates; and academic centers Chinese International School, Meridian International College and Enderun Colleges, to name a few. Dubbed as today's most romantic destination, The Venice Grand Canal at McKinley Hill features the Philippine's first man-made grand canal with Gondola rides, surrounded by an impressive range of foreign cuisines.
In office development, the township's PEZA-accredited cyber park features Grade-A office buildings including the country's first LEED Gold-Certified building for Business Process Outsourcing (BPO) companies. McKinley Hill is also home to the country's first world-class football field, McKinley Hill Stadium. This 15,000-square meter, FIFA-certified football grounds has a seating capacity of more than 1,750.
With approximately 36 premier condominiums and a 10-hectare resident village, investment values of the township have appreciated over 228% in the past 10 years.
A setting that celebrates the arts and encourages cross-cultural discovery and exploration, McKinley Hill introduces to Metro Manila a destination where citizens can meaningfully converge. With its complete community, global character and modern lifestyle facilities, McKinley Hill is where the world unfolds.
THE VENICE LUXURY RESIDENCES AT MCKINLEY HILL
The Romance of Italy
Da Vinci had the Mona Lisa. Megaworld has The Venice.
The Venice Luxury Residences, inspired by its namesake location, incorporates Venetian architecture and landscapes, including a grand canal that flows through the township center.
The Venetian inspiration takes root in the buildings' exterior, resembling the shape of a ferro–a gondola's uniquely shaped iron head. Each of the seven towers is also intricately built and embraced in lush greenery. Inside, the Italian ambiance continues with a grand lobby that is complemented by high ceilings and tall curtain glass. The seven towers share a podium-level amenity area that includes landscaped gardens, swimming pool complex, sauna and jacuzzi and fitness station.
The world's most romantic city, celebrated at McKinley Hill.Fall in love with the Mediterranean lifestyle. Fall in love with The Venice.
Inspiration
Venetian Living
Location
Venezia Drive, McKinley Hill,
Fort Bonifacio, Taguig City
Price Range (of remaining units)
PHP7.1 million to PHP31.0 million
Development Facts
Seven towers
22 to 31 storeys
Studio to three-bedroom units ranging from 39.3 to 162.6 square meters
Unique Features
Italian architectural consultant Paolo Marioni
Podium commercial establishments connected to the Venice Grand Canal
Loft-type penthouse units
Individual balconies per unit
Podium-level amenities
Towers ABCD: HLURB LS NO. 24753
Towers EFG: HLURB LS NO. 26179
THE FLORENCE AT MCKINLEY HILL
Life is Beautiful
Inspired by modern European living, this three-tower community brings the beauty of nature to home. A rare sight in the otherwise traditional European-inspired architecture of the township, The Florence stands out with its modern curvilinear façade.
As McKinley Hill's first gated garden community, the development puts a premium on privacy, making it the ultimate retreat. Here, residents can enjoy spectacular views of lush greenery and colorful blooms.
Epitomizing the idea of modern living is the bi-level amenity deck at the third floor, offering a swimming pool complex with in-pool lounge and wooden sundeck, bi-level gym and fitness center, children’s playground, business center, function rooms, game room, and bar and lounge.
With its contemporary design, lush gardens, private quality, and top-notch amenities,The Florence brings modern European living to Manila. This is a beautiful life without boundaries.
Inspiration
Modern European Living
Completion
December 2021
Location
Florenceway Street, McKinley Hill, Fort Bonifacio, Taguig City
Price Range (of remaining units)
PHP7.5 million to PHP16.9 million
Development Facts
Three towers
22 to 28 storeys
One- to three-bedroom units ranging from 43.1 to 94.7 square meters
Unique Features
Gated garden community
Most private residential condominium in McKinley Hill
Individual balconies per unit
Loft units available
Comprehensive bi-level podium amenities
HLURB LS NO. 029946
VICEROY AT MCKINLEY HILL
Vital. Vibrant. Very you.
Young and modern. These are the driving characteristics of Viceroy, the newest executive residence condominium in McKinley Hill.
This place is ideal for those with young souls, passionate minds and big dreams. Perfectly suited to cater to a holistic lifestyle, the development is equipped with a podium-level amenity deck that includes the following: a swimming pool complex with an in-pool lounge and wooden sundeck, a gym and outdoor fitness station, a children's playground and day care center, a clubhouse, courtyard gardens, a laundromat and function rooms.
Choose a holistic lifestyle and embrace the vital, the vibrant, the very you – at Viceroy.
Inspiration
Holistic Living
Turnover Date
February 2016 to June 2017
Location
Florence Way, McKinley Hill,
Fort Bonifacio, Taguig City
Development Facts
Four towers
22 storeys
Studio to one-bedroom units ranging from 23 to 34.75 square meters
Unique Features
Ground-floor retail establishments
Podium-level amenities
HLURB LS NO. 026975
UPTOWN BONIFACIO
Your Urban Cosmopolitan Playground
Now establishing itself as the grounds for all new luxury residential condominiums, top-grade office sites, a world-class commercial center, and the country’s largest and most prestigious superclub, Uptown Bonifacio carries Megaworld’s signature township elements: LIVE-WORK and PLAY – the makings of an ideal cosmopolitan epicenter.
Among the first office towers to rise in Uptown Bonifacio is the 25-storey Alliance Global Tower, the future headquarters of Alliance Global Inc., the holdings company of Dr. Andrew L. Tan, and Mother Company of Megaworld Corporation.
A commercial center fit for Manila’s elite, Uptown Bonifacio’s Uptown Mall houses world-class cinemas and first-time international retail brands. Increasing the stakes of the township’s PLAY component is The Palace, which earned a spot in DJ Mag’s 2016 Top 100 Clubs in the world, comprising of no less than six different lifestyle clubs.
Uptown Bonifacio’s luxury residential condominiums will stand at the doorstep of these cosmopolitan destinations as well as the Fort’s institutional zone, perfectly placed beside the country’s most reputable international secondary schools and steps away from first-class health care and several of Manila’s finest lifestyle attractions.
The first three residential condominiums to be completed in the township are the nature-oriented One Uptown Residence, the “all-suites” Uptown Ritz, and the privileged Uptown Parksuites. Live, work, and play in Fort Bonifacio’s urban cosmopolitan playground.
Inspiration
Cosmopolitan Living
Location
Fort Bonifacio
Township Facts
15.4-hectare landbank
3 residential condominiums
500,000 square meters of residential space
400,000 square meters of office space
90,000 square meters of restaurant and commercial space
Nearby Locations
Forbes Town Center
Burgos Circle
The Mind Museum
Market! Market!
SM Aura
International Schools: ISM, BSM, MJS
St. Luke's Global City
S&R
McKinley Hill
McKinley West
Access to EDSA, C5 and Kalayaan
UPTOWN RITZ
Every Experience, Touched by Glamour
It’s your relentless pursuit of all things glamorous that makes Uptown Ritz your address of choice. Here, all residences are suites – large spaces designed with the kind of style and sophistication that sets you apart.
Rising in Uptown Bonifacio, Uptown Ritz is where unforgettable experiences begin. And it’s where you realize that your life’s finest pursuits have now found a home.
With a grand lobby on the ground floor and low-density units on residential levels, the seventh floor is dedicated to a comprehensive bi-level amenity deck. Here will be found a swimming pool complex, bi-level gym, children's play area and multipurpose function rooms fitting for glamorous social gatherings or elite corporate events.
This interpretation of modernity is all about the glitz and glamour; it is about the exclusive.Live large at Uptown Ritz, the metro's glamorous face of luxury.
Inspiration
Cosmopolitan Living
Completion Date
December 2017
Location
Uptown Bonifacio Bonifacio Drive, Bonifacio Global City,
Taguig City
Price Range (of remaining units)
PHP14.2 million to PHP19.5 million
Development Facts
45 storeys
Two- to four-bedroom units ranging from 78.8 to 182.6 square meters
Unique Features
All suites
Low-density residences
Maintenance and housekeeping services
Podium-level amenities
HLURB LS NO. 030743
UPTOWN PARKSUITES
Privilege, Above All Else
Rising 50 storeys, Uptown Parksuites is an unparalleled address for the urban elite—one that unequivocally defines 21st century living.
For those that insist on grand pleasures, Uptown Parksuites is designed to please. Upscale executive studios, suites with two- to three-bedrooms and a limited number of penthouse units all feature spaces ideal for today’s tastemakers, trendsetters and thought leaders.
The luxury you bask in at home follows you when you step out your door and into the recreational areas of your community. The seventh-floor amenity deck has a mix of indoor and outdoor attractions, and the sky lounges on the higher residential levels offer utmost comfort amid nature, while offering full views of Manila’s cityscape.
Its unparalleled modernity caters to those who appreciate the best comforts the world has to offer.Discover the privileged face of luxury in an exciting cosmopolitan address: Uptown Parksuites.
Inspiration
Cosmopolitan Living
Completion Date
December 2021
Location
Bonifacio Drive, Uptown Bonifacio, Fort Bonifacio
Taguig City
Price Range (of remaining units)
PHP6.0 million to PHP24.8 million
Development Facts
Two towers
46 and 50 storeys
One- to four-bedroom units ranging from 33.5 to 453.5 square meters
Unique Features
Sky lounges on upper residential levels
Podium–level amenities with Wi-Fi internet access
TOWER 1: HLURB LS NO. 030989 TOWER 2: HLURB LS NO. 030988
For inquiries and showroom viewing, please contact:
ARCHARL ESCLANDA
PROPERTY INVESTMENT CONSULTANT
MOBILE / VIBER NUMBER : +639168759168
EMAIL : [email protected]
facebook.com/MegaTownships
#megaworld#mckinleyhill#uptownbonifacio#bgc#bgcproperties#megaworldatthefort#veniceluxuryresidences#theflorence#viceroy#ritz#parksuites
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Megaworld Launches 2nd Condo Tower Within Bacolod Township https://ift.tt/2Ebf9ss
Megaworld Corporation has recently unveiled Two Regis, a 14-storey residential tower that is set to rise within the property giant’s 34-hectare The Upper East township development in Bacolod City. At a media briefing at Stonehill Suites in Bacolod City last February 18, Megaworld Bacolod Vice President for Sales and Marketing Rachelle Peñaflorida said the “overwhelming [...]
The post Megaworld Launches 2nd Condo Tower Within Bacolod Township appeared first on Lamudi.
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Property giant Megaworld Corporation is launching another residential condominium development inside The Upper East township in Bacolod City, just six months after it successfully launched its first residential tower, One Regis, last year. . TWO REGIS is a 14-storey residential tower that will be built at the corner of Regis and Madison Streets within the 34-hectare township in the eastern part of Bacolod City. . More details on the blog soon - www.theblueink.com . #Megaworld #MegaworldCorp #TheUpperEast #TwoRegis #BacolodCity #BacolodCondominium #Megaworld30Years #MomentsWeBuild #TheBlueInkPH #BacolodBlogger #NegrenseBloggers #NBSI https://www.instagram.com/p/BuGH4FaFy36/?utm_source=ig_tumblr_share&igshid=zjokb408lc0z
#megaworld#megaworldcorp#theuppereast#tworegis#bacolodcity#bacolodcondominium#megaworld30years#momentswebuild#theblueinkph#bacolodblogger#negrensebloggers#nbsi
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Megaworld nets P5.9B in H1; grows office business amid pandemic
#PHnews: Megaworld nets P5.9B in H1; grows office business amid pandemic
MANILA – Megaworld, the country’s leading developer of integrated urban townships, posted a 34-percent drop in its net income during the first half of 2020 to PHP5.9 billion from PHP8.9 billion during the same period last year.
In a statement Thursday, the company said its consolidated revenues for the first six months declined by 25 percent year-on-year to PHP23.8 billion from PHP31.7 billion last year.
It recorded PHP2.1 billion net profit during the second quarter this year, a 56-percent decline from PHP4.8 billion during the same period last year, as the country was reeling from the impact of the nationwide lockdown that affected most businesses.
“Just as the pandemic began in the last month of the first quarter, we already anticipated a decline in our earnings in the second quarter, but what actually surprised us was the fact that the drop wasn’t as bad as we have expected it to be, and it remains manageable. Our strategic decision of further strengthening our office leasing business way before the pandemic started is now evidently making us more resilient,” said Kevin Tan, chief strategy officer at Megaworld.
Leasing revenues from Megaworld Premier Offices, the company’s office leasing arm, was up 10 percent during the first six months from PHP5.1 billion last year to PHP5.6 billion during the same period this year.
Contribution of Megaworld Premier Offices now stands at 78 percent of the company’s total rental income, which mitigated the impact of partial operations of Megaworld Lifestyle Malls due to the pandemic.
This year, the company is set to complete construction of five new office developments in its various townships, adding around 213,000 square meters of completed projects in the company’s leasable office portfolio.
“Business process outsourcing (BPO) companies and traditional offices such as corporate headquarters of multinational companies still occupy around 90 percent of our spaces, which still continued their operations even at the height of the lockdown. We are closing some deals from many Metro Manila-based BPO companies that require an immediate expansion in our provincial townships due to eased quarantine rules there. Our current portfolio of active BPO tenant partners is still huge, and these are our first-line takers in our provincial developments,” Tan added.
Megaworld is expected to end the year with 70 completed office developments covering 1.4 million square meters of leasable office inventory, excluding those that have already been sold.
Megaworld’s rental income for the first half of 2020 declined by only 11 percent at PHP7.2 billion, while hotel revenues were down 29 percent to PHP917.9 million from PHP1.3 billion.
Even as the lockdown limited selling activities for residential projects, Megaworld’s reservation sales during the first half of the year reached PHP38 billion, which peaked during the second quarter when most parts of the country was placed under ‘enhanced community quarantine.
Real estate sales during the first six months reached PHP14.3 billion, reflecting a 29-percent decline from PHP20.2 billion during the same period last year, as the company implemented ‘more flexibility’ payment terms during the quarantine period.
To date, Megaworld has 26 masterplanned integrated urban townships, integrated lifestyle communities, and lifestyle estates across the country. (PR)
***
References:
* Philippine News Agency. "Megaworld nets P5.9B in H1; grows office business amid pandemic." Philippine News Agency. https://www.pna.gov.ph/articles/1112213 (accessed August 14, 2020 at 03:54AM UTC+14).
* Philippine News Agency. "Megaworld nets P5.9B in H1; grows office business amid pandemic." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1112213 (archived).
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Megaworld invests P28B to build Bacolod central business district
Property giant Megaworld Corporation is investing P28 billion for another township development poised to be the first central business district in Bacolod City. Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Phil... Full Story at http://dlvr.it/QdNTCS Reblogged by Visayan Business Post - Local News for the Global Visayan
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Check Out the Best Property for Sale in Cebu
Cebu is widely regarded as a first-class city in the southern Philippines and is a highly urbanized location in the Visayan Region. It is the seat of government in the province and is very developed, complete with a bustling commercial and business district providing access through Mactan International Airport, which is a portal to the rest of the world. Real estate in the area is at a premium and businesses are thriving because of close proximity to the airport and local shipping. Access to roads and public transport also make living in the surrounding communes ideal. Cebu is certainly and a good place to invest in real estate properties in the south of the Philippines.
The cities of Lapu-Lapu, Carcar, Danao, Mandaue, Naga, and Talisay in the island of Cebu are prime locations for development and are often the best places to look when you want to buy a property for sale in Cebu, thanks to their ideal locations. These cities offer wonderful new communities developed by leading names in the Philippine real estate space. Local development of townships and communities provide many possibilities for investors and prospective homeowners looking for real estate at all price points.
Rapid development and a growing economy helped bolster Cebu’s reputation as a hub for business and economic opportunity, so many people are moving here. Foreign investment in BPOs and outsourcing helps in generating jobs and business opportunities in the area. The steady rise of the middle class also gives birth to the demand for cheap and affordable housing, which drives real estate developers to build condominium complexes and townships to meet the demand. Business parks and their ancillary infrastructure are slowly being built by local corporations within the city’s mixed-use development zones, further increasing property values for the foreseeable future. If you are interested in buying a property for sale in Cebu then now is the right time, as prices are expected to go up further. This applies not just for residential but for the commercial real estate as well.
Local realtors and property brokers are the best sources if you want insider information on the best Cebu real estate opportunities. Experienced real estate agents will be able to help with seeking out and finding the best deals available for houses, lots, condominiums, townhomes, and commercial land for willing investors hoping to cash in on the economic boom in Cebu.
About the Author:
This article is written by Kimberly Khia, working as an Executive Assistant at Housal Inc. Housal Inc. is a real estate brokerage firm based in West Bonifacio Global City, Taguig, Philippines. They offer brokerage services to investors, property owners, and even landlords who are willing to invest in the real estate sector in the Philippines. They are in partnership with some of the best real estate developers in the Philippines like Century Properties Group, Megaworld, Rockwell Land, Ayala Land, Ayala Land Premier, Robinsons Land, Federal Land, Avida Land, Alveo Land and DMCI.
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Landers Superstore plans to expand; Eyeing Next in Pasig and Muntinlupa
Steady retail growth spur expansion of Landers Superstore
Inspired by the increase in spending power of Filipinos and the year on year growth in retail, Landers Superstore, the country’s fastest growing membership shopping establishment, recently announced its plans to expand to the southern and eastern part of Metro Manila.
Backed by thorough research and the success of the first two superstores, Landers Superstore is poised to take advantage of the rapid developments in Pasig and Muntinlupa Cities.
Southeast Asia Retail Inc. chairman Lowell Yu (right) and Megaworld Corporation senior vice president Kevin Tan (left) during the recent announcement of the alliance between Landers Superstore and Megaworld Corporation.
Two Landers Superstore outlets will be opened in these areas, as confirmed by Atty. Lowell Yu, chairman of Southeast Asia Retail Inc., which recently formalized an agreement with Megaworld Corporation, the developer behind ArcoVia City along C5 in Pasig and Alabang West in Muntinlupa City. The expansion, he explained, will provide residents from these two townships and from neighboring areas with an exclusive one-stop shop where they can find a complete array of their everyday lifestyle needs.
“The retail industry has been growing exponentially, propelled by the steady increase in the spending power of Filipinos specifically towards household consumption expenditures. These factors, plus the strategic locations where we are setting up, made us decide to expand our investment in this category,” added Yu. In the second quarter of 2016, the company launched the first Landers Superstore in Balintawak, Quezon City, followed by another three-hectare store in Paco, Manila.
Given the overwhelming response from the first two Landers Superstores, Yu is optimistic that the new superstores will have a positive reception. “It’s all about giving our members better value for their money. As members, they have access to products and brands that are not available elsewhere in a setting that lets them shop minus the stress, the long lines, and tight grocery area. Many of our members bring the entire family to our store because the spacious layout makes shopping really convenient and enjoyable. This way, we also promote family bonding.”
With an average of 10,000 square meters vast space per outlet, Landers Superstore takes pride in having well-lit and spacious aisles packed with an assortment of goods, including a wide range of imported products coming from as far as the US, Canada, and Australia and high-quality local and exclusive brands.
From food and other grocery items to furniture, appliances, and even hardware products, Landers Superstore houses a range of treasure finds including Badia Spices, Mercer’s Wine Ice Cream, Double Rainbow—which is the best Gourmet Ice cream in San Francisco—Luvo (easy-to-cook health food), Every Man Jack, and President’s Choice products, to mention a few.
Landers Superstore is also the first membership superstore in the Philippines to have a cozy coffee shop, Doppio; a comfortable diner, Landers Central; and a delectable bakery, Dough & Co. The superstore also provides a lavish dining area where members can enjoy a delicious New York Pizza, chicken, hotdogs, bagels, fancy cakes, and pastries while taking a break from shopping.
Waiting husbands and kids can also get their own pampering in Landers’ very own barbershop (Talas Manileño in Landers Balintawak and Federal Barbers in Landers Otis). Plus, exclusively for members, Landers Superstore also offers year-long gasoline discounts from its very own gasoline station, Caltex.
For more information, visit Landers Superstore at 1240 EDSA Balintawak, Apolonio Samson, Quezon City or Landers Superstore - Otis at 1890 Paz Guazon St., Paco, Manila. You can also check them out at http://landers.ph/.
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Megaworld Now Offering Office Space in Cavite http://bit.ly/2RX9PTk
Megaworld, one of the country’s top developers, has recently announced that it has started selling office spaces within its 140-hectare Maple Grove township development in General Trias, Cavite. According to Megaworld Vice President for Sales and Marketing Rachelle Peñaflorida, the township is in the rising business district of Cavite and will allow companies to “thrive and grow their businesses in a green and sustainable community where everything is integrated and within reach.” The 17-storey One Corporate Place offers 93 select office units with layout sizes ranging from 63 square meters [...]
The post Megaworld Now Offering Office Space in Cavite appeared first on Lamudi.
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