Based on the web search results, it seems that Mactan Newtown is a profitable venture for Megaworld Corporation and its investors. Here are some facts to support this claim:
- Megaworld Corporation is the owner and developer of Mactan Newtown, a 30-hectare township project in Lapu-Lapu City, Cebu³⁴.
- The total investment for the project is estimated at **P30 billion** over a period of 10 years³. As of 2021, Megaworld has already invested **P20 billion** in the township⁵.
- The township hosts more than 2,000 residential condo units from nine existing towers and two soon-to-rise developments, and nearly 81,000 square meters of gross leasable office spaces⁵.
- The township also features a beachfront, a hotel, retail shops, a school, and a soon-to-rise two-level mall lifestyle mall along a beachside cliff³⁴.
- The township was hailed as the ‘Best Mixed-Use Development of 2019 for Visayas and Mindanao’ at The Outlook Awards by Lamudi Philippines⁴.
- Megaworld expects to generate around **P2-billion** in sales from Positano Mactan, its latest Italian-themed residential project inside the township⁵.
- The Mactan-Cebu International Airport, which is near the township, posted a revenue of **PHP1.11 billion** in 2020 despite the Covid-19 pandemic⁶.
These facts indicate that Mactan Newtown is a successful and lucrative development that benefits both Megaworld Corporation and its investors. It also contributes to the economic growth and tourism of Cebu.
Source:
(1) The Mactan Newtown | Township in Cebu | Megaworld Corporation.
https://www.megaworldcorp.com/townships/mactan-newtown.
(2) Here’s why The Mactan Newtown is Cebu’s up-and-coming destination.
https://zee.ph/heres-why-the-mactan-newtown-is-cebus-up-and-coming-destination/.
(3) Megaworld to build Italian-themed residential project inside The Mactan ....
https://www.megaworldcorp.com/news-and-updates/megaworld-build-italian-themed-residential-project-inside-mactan-newtown.
(4) Cebu airport posts P1.11-B revenue in 2020 - Philippine News Agency.
https://www.pna.gov.ph/articles/1136878.
(5) .
https://bing.com/search?q=mactan+newtown+revenue+and+profit.
(6) The Mactan Newtown.
http://mactan-newtown.com/.
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