Government to grant incentives to a new housing scheme to make homeownership accessible while addressing backlog
The Board of Directors of MREIT, Inc., the REIT company of township developer Megaworld, has approved the acquisition of four prime, grade A buildings located in PEZA-registered zones for a total consideration of P9.1-billion. The transaction will increase MREITβs property value by 19% to P58.5-billion.
Township developer Megaworld is developing a sustainable boutique hotel and shophouse district within its 462-hectare Paragua Coastown in San Vicente, Palawan.
Just a month after it announced its 28th township, the 85-hectare Northwin Global City in Marilao and Bocaue in Bulacan, Megaworld is developing around 16 hectares of land to become the townshipβs central business district (CBD), which will be aptly called the Northwin Main Street.
