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.
Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates and a subsidiary of Megaworld, posted consolidated revenues of P5.0-billion for full-year 2021.
Megaworld grew its net income by 36% to P14.4-billion last year from P10.6-billion recorded in 2020, just as the company registered gains in line with the improving business environment.
Government to grant incentives to a new housing scheme to make homeownership accessible while addressing backlog
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