MEGAWORLD Corp. on Wednesday said that it was allocating P65 billion for capital expenditures (capex) this year, 30 percent higher than the P50 billion announced in 2025, as it steps up the expansion of its township developments.
The company said the planned outlay would go toward land acquisition, land banking, and the development of new and existing projects.
It added that several of its township projects are set to move into the land development stage this year, including Ilocandia Coastown in Ilocos Norte, The Upper Central in Cagayan de Oro City and Nascala Coast in Nasugbu, Batangas.
Megaworld said it was also expanding its residential, office and retail offerings in townships in Bacolod, Iloilo, Pampanga, Cavite and Palawan.
The ongoing expansion is expected to support future asset infusions into MREIT Inc., Megaworld’s real estate investment trust, as more income-generating office developments are completed.
Megaworld President and CEO Lourdes Gutierrez-Alfonso said the company was seeing sustained demand across multiple segments, citing both traditional and emerging growth drivers.
“We are seeing opportunities ahead, and we look forward to the sustained growth in the office, commercial, hospitality and tourism sectors. We are continuing our expansion program with renewed optimism as we innovate our township offerings,” she said.
“Our residential business remains a strong growth engine, especially as we introduce more pioneering projects that integrate new technologies such as the use of artificial intelligence into our new developments.” On the residential front, Megaworld plans to launch 19 projects valued at P65 billion this year across Metro Manila, Ilocos, Calabarzon, Palawan, Iloilo, Cebu and Cagayan de Oro.
The company is also accelerating its hospitality expansion, with five hotels currently under construction in Pasig, Pampanga, Palawan and Bacolod, which are expected to add nearly 2,000 rooms to its portfolio.
This will bring Megaworld closer to its target of having more than 9,000 hotel room keys within the next three years.
The increased capex program came shortly after Megaworld announced that it was developing The Sugartown, a 97-hectare township in Talisay City, Negros Occidental, marking its 37th estate project in the country.
Megaworld shares on Wednesday rose P0.03, or 1.36 percent, to close at P2.23 each amid a 0.45-percent rise for the benchmark Philippine Stock Exchange index.
