The Megaworld Group, in a disclosure to the Philippine Stock Exchange, announced that it has sold P36.6 billion worth of real estate projects from January to September this year.
This amount is more than 81 percent of the group’s reservation sales of P20.2 billion for the same period in 2009.
The Megaworld group comprises three brands catering to different market segments, namely, Megaworld, Empire East and Suntrust.
Megaworld Corporation contributed P29.7 billion to the group’s nine-month sales.
The amount came from Megaworld’s ongoing residential projects in Metro Manila including Eastwood City, McKinley Hill, Newport City and Manhattan Garden City.
Megaworld’s sister companies, Empire East Land and Suntrust Properties, posted combined sales of P6.9 billion during the same period.
Empire East and Suntrust are focused on medium-cost and affordable housing, respectively.
Both developers have ongoing projects in Metro Manila and in the nearby growth centers of Cavite and Laguna.
The Megaworld Group owes its phenomenal sales growth to its superior project portfolio and sterling track record in the Philippine property market.
Megaworld is a pioneering developer of integrated live-work-play-learn township communities in the country.
It has five such mega-community projects on the rise in the most strategic locations in Metro Manila, namely, Eastwood City in Quezon City; McKinley Hill, McKinley West and Bonifacio Uptown in Fort Bonifacio; and Newport City in Pasay City.
Once fully developed, these five mega-communities will be home to around 48,000 families and 202,000 BPO office workers.
In the last two decades, Megaworld and its affiliates have completed more than 200 residential and office buildings with a total floor area of approximately 5.4 million square meters.
The Megaworld Group has entrenched itself as the market leader and the most dynamic and innovative real estate company in the Philippines.(PNA)
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