Township developer Megaworld is launching its third residential condominium project inside its 35.6-hectare Capital Town in the City of San Fernando, Pampanga.
income to P3.5-billion for the first quarter this year from P2.5-billion during the same period last year as the business environment continued to improve.
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, registered a total net income of P412.2-million, up by 28% versus the P322.6-million it reported last year.
MREIT, Inc., the REIT company of the country’s largest office landlord Megaworld, registered distributable income amounting to P639.0 million, for the first quarter of 2022. This translated to an 18% growth as compared to the previous quarter as the company’s recent acquisitions provided their first full quarter contribution during the period.
Property giant Megaworld is launching its fourth residential condominium development inside the 34-hectare The Upper East township in Bacolod City.
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