Megaworld’s rental income recovers in Q3, up 13% QoQ

Company remains optimistic of ‘better days ahead’ as government intensifies efforts to revive the economy Property giant Megaworld’s rental income grew 13% to P3.4-billion during the third quarter from P3-billion in the previous quarter as quarantine restrictions have been eased. The company’s office rental business, under the Megaworld Premier Offices brand, continued its growth momentum… Continue reading Megaworld’s rental income recovers in Q3, up 13% QoQ

Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end. In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it… Continue reading Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

Megaworld grows office business even during pandemic

Office rental income growth of 10% helped cushion pandemic impact even as H1 profits registered 34% drop Megaworld, the country’s leading developer of integrated urban townships, posted a 34% drop in its net income during the first half of the year, from P8.9-billion to P5.9-billion. Consolidated revenues for the first six months declined by 25%… Continue reading Megaworld grows office business even during pandemic

Megaworld creates unit for digital technology investments

Andrew Tan-led property giant Megaworld is creating a wholly-owned subsidiary that will spearhead the company’s investments and ventures into digital innovations and technology as it takes advantage of opportunities brought about by changes in consumer behaviors and lifestyles in this digital age. AGILE Digital Ventures is Megaworld’s digital investment arm that will engage in investing… Continue reading Megaworld creates unit for digital technology investments

Megaworld launches 5th residential development in Cebu

20-storey The Pearl Global Residences to add 222 residential units in the 30-hectare The Mactan Newtown Property giant Megaworld is launching its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The 20-storey The Pearl Global Residences will add 222 units in the existing 1,836 residential unit inventory in the township.… Continue reading Megaworld launches 5th residential development in Cebu

Megaworld to build P1.5B beach mall in Mactan Newtown

New mall on a shoreline cliff to be highlighted by a man-made lagoon, boutique hotel, garden chapel, beach walk, and rows of retail shops & restaurants including four cinemas Property giant Megaworld is building a two-level mall along the beachside cliff of its 30-hectare The Mactan Newtown development in Lapu-Lapu City. With a total gross… Continue reading Megaworld to build P1.5B beach mall in Mactan Newtown

Megaworld’s 1st half 2019 earnings up 18% to P8.9B

Residential, rental, and hotel businesses register double-digit growth Megaworld, the country’s pioneer in and largest developer of townships, grew its net income by 18% to P8.9-billion in the first half of 2019 from P7.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first six months of 2019, the… Continue reading Megaworld’s 1st half 2019 earnings up 18% to P8.9B

Megaworld to further expand lifestyle malls footprint this year

FESTIVE WALK. During the second half last year, Megaworld opened its first full-scale lifestyle mall in Iloilo Business Park, the P2.2-billion Festive Walk Mall, offering around 90,000 square meters of retail spaces.

Property giant Megaworld is expanding its commercial retail portfolio this year, with the opening of 11 commercial properties across its townships all over the country. By end of the year, the company will open new retail spaces in Iloilo Business Park in Mandurriao, Iloilo City; Alabang West along Daang Hari in Las Piñas City; McKinley… Continue reading Megaworld to further expand lifestyle malls footprint this year

Megaworld to build Spanish-inspired residential tower in The Mactan Newtown

To be built in time to mark the 500th year of the circumnavigation of the world by the ship that inspired its name, the La Victoria Global Residences will add 181 units to the residential inventory at the 30-hectare township The Mactan Newtown in Lapu-Lapu City. “We launch this tower 500 years after Magellan was… Continue reading Megaworld to build Spanish-inspired residential tower in The Mactan Newtown

Megaworld’s 2017 net income jumps 13.4%, sets P60B capex this year

Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 13.4% to P13.3-billion (including non-recurring gains of P113-million) in 2017 from P11.7-billion (including non-recurring gain of P82-million) the previous year. Net income attributable to parent company ended at P12.8-billion by end-December 2017, a 12.7% jump from P11.3-billion during the same period… Continue reading Megaworld’s 2017 net income jumps 13.4%, sets P60B capex this year

Megaworld set to open La Salle-supervised school in Mactan Newtown

Newtown School of Excellence. The school will initially offer classes for the nursery and kindergarten levels.

A student-centered learning institution under the supervision of the De La Salle Brothers will open this June for school year 20018-2019 within the Mactan development of property giant Megaworld and has been officially named “Newtown School of Excellence.” Megaworld Cebu Properties, Inc. president Noli D. Hernandez said the school will initially offer classes for the… Continue reading Megaworld set to open La Salle-supervised school in Mactan Newtown

Megaworld elevates township standards with tech, design, connectivity

Property giant Megaworld is embarking on a company-wide program to future-proof its developments around the country through the creation of “iTownships.” The company said its 28-year leadership in pioneering the Live-Work-Play concept of property development in the Philippines gave birth to “Townships.” It is elevating the standards by incorporating digital technology, design innovations, and connectivity… Continue reading Megaworld elevates township standards with tech, design, connectivity

Megaworld offers special Halloween treat at The Mactan Newtown with 1st-ever outdoor movie cinema in Cebu

OUTDOOR CINEMA. The Newtown Outdoor Cinema located in The Mactan Newtown in Lapu-Lapu City will feature three of the all-time best horror movies this coming October 30, from 5 pm onwards. It is the 1st-ever outdoor movie cinema in Cebu.

This Halloween, scream all you can at the series of spine-tingling, hair-raising horror flicks at the first-ever outdoor movie cinema at The Mactan Newtown in Lapu-Lapu City. Dubbed as “Fright Night,” the Newtown Outdoor Cinema will feature three of the all-time best horror movies this coming October 30 (Sunday), from 5 pm onwards. The Newtown… Continue reading Megaworld offers special Halloween treat at The Mactan Newtown with 1st-ever outdoor movie cinema in Cebu

On a Pokemon hunt? Catch them at The Mactan Newtown

POKESTOP. The Dolphin Fountain area at the entrance of The Mactan Newtown in Lapu-Lapu City is a major PokeStop in Mactan Island.

There’s no denying that the Pokemon Go mania has landed in the Philippines, and like many others, Cebuanos are also left with the same question: Where can we find more Pokemons? No need to worry, you’re going to catch them all—more than 20 Pokemons are currently lurking around the 30-hectare The Mactan Newtown. Prepare to… Continue reading On a Pokemon hunt? Catch them at The Mactan Newtown

Mactan Alfresco serves Cebu lechon fresh off the roasting pit

CEBU LECHON. Diners get to witness how Cebu lechon is prepared at the Lechon Pit in Mactan Alfresco at The Mactan Newtown.

With its crispy skin and tender juicy meat, Cebu lechon is known around the Philippines and even the world as extraordinarily delectable. Diners now get to take their enjoyment of Cebu’s roasted pork to a whole new level with the opening of the Lechon Pit at The Mactan Newtown’s covered dining strip Mactan Alfresco. “Nothing… Continue reading Mactan Alfresco serves Cebu lechon fresh off the roasting pit

BPO firm Concentrix expands to Cebu in Mactan Newtown; 500 jobs created by yearend

MORE JOBS FOR CEBU. Concentrix and Megaworld officials announce the expansion into Cebu by the BPO company. Concentrix said it plans to hire up to 500 people by the yearend. Present during the press conference were (from left) Megaworld AVP and head of public relations and communications Harold Geronimo, senior vice president Jericho Go, Concentrix country general manager David Brooks, and director for administration Michelle Ignacio. (Photo by Marlen Limpag)

US-based corporation Concentrix will start business process outsourcing operations in Megaworld’s The Mactan Newtown in Lapu-Lapu City by the second half of 2016, executives from both companies announced yesterday, April 27. The outsourcing company will occupy the entire 2,600 square meters of office space on the second floor of Tower 3 at 8 Newtown Boulevard,… Continue reading BPO firm Concentrix expands to Cebu in Mactan Newtown; 500 jobs created by yearend

Megaworld’s 8 Newtown Boulevard picked ‘best condo’ in Cebu

AWARDS. 8 Newtown Boulevard took the Best Condo Development in Cebu as well as the Best Residential Interior Design and Best Landscape Architectural Design awards in the 2016 Philippine Property Awards held recently in Makati City.

Megaworld’s residential development 8 Newtown Boulevard located within the 30-hectare Mactan Newtown in Lapu-Lapu City won big at the 2016 Philippine Property Awards held recently in Makati City. 8 Newtown Boulevard took the Best Condo Development in Cebu as well as the Best Residential Interior Design and Best Landscape Architectural Design awards, making it the… Continue reading Megaworld’s 8 Newtown Boulevard picked ‘best condo’ in Cebu

Megaworld net income soars to P10.4 billion in 2015

IN CEBU. The 6 Newtown Boulevard in The Mactan Newtown in Lapu-Lapu City.

Megaworld, the country’s largest developer of integrated urban townships and the biggest lessor of office spaces, has breached the P10-billion mark in net core income for 2015. The company’s core profit reached P10.40-billion (net of P181-million non-recurring gain from P10.58-billion), up 10.58% from last year’s P9.40-billion (net of P12.16-billion non-recurring gain). “We already have a… Continue reading Megaworld net income soars to P10.4 billion in 2015

8 Newtown Boulevard offers majestic view, top-of-the-line amenities

MAGNIFICENT VIEW. The Horizon Edge Pool, which is still undergoing finishing touches, offers a breathtaking view of the Hilutungan Channel.

An infinity pool with a panorama of the Hilutungan Channel and Magellan Bay, a spa and gym with top-of-the-line equipment, and Japanese design features like a rock garden, Onsen room, and a Niwa are just among the amenities that await unit owners of 8 Newtown Boulevard at the Megaworld township of Mactan Newtown in Lapu-Lapu… Continue reading 8 Newtown Boulevard offers majestic view, top-of-the-line amenities