Megaworld Ramps Up Investment with P65 Billion Capex for 2026
In a significant move to bolster its real estate portfolio, property giant Megaworld has announced a substantial increase in its capital expenditure for the year 2026, setting it at P65 billion. This strategic decision underscores the company's commitment to accelerating the expansion of its township developments across the Philippines, with a pronounced emphasis on growth areas located outside the bustling confines of Metro Manila.
Strategic Allocation of Funds for Land and Development
The allocated budget will be meticulously distributed across several key areas to ensure sustainable growth. Land acquisition and strategic land banking are top priorities, enabling Megaworld to secure prime locations for future projects. Additionally, funds will be channeled into the ongoing development of existing properties and the enhancement of high-value investment assets, reinforcing the company's market position.
Provincial Township Projects Take Center Stage
This year marks the commencement of land development for several provincial townships, highlighting Megaworld's focus on regional expansion. Key projects include:
- Ilocandia Coastown in Ilocos Norte
- The Upper Central in Cagayan de Oro City
- Nascala Coast in Nasugbu, Batangas
Beyond these, the company is actively expanding its residential, office, and retail offerings in established townships across Bacolod, Iloilo, Pampanga, Cavite, and Palawan. This expansion not only diversifies Megaworld's portfolio but also supports the growth pipeline of its real estate investment trust, MREIT, Inc., through future property infusions.
Residential and Hospitality Expansion Initiatives
On the residential front, Megaworld plans to launch 19 new projects in 2026, with a total value of P65 billion. These developments will span key locations nationwide, including significant projects in Cebu, catering to the growing demand for quality housing. Simultaneously, the company is accelerating its hospitality expansion, with five hotels currently under construction. These new properties are set to add nearly 2,000 rooms, bringing Megaworld closer to its ambitious target of over 9,000 room keys within the next three years.
Recent Milestone: The Sugartown Township
In a recent announcement, Megaworld unveiled its 37th township, the 97-hectare The Sugartown in Talisay City, Negros Occidental. This new development further exemplifies the company's dedication to creating integrated communities that drive economic growth and enhance the quality of life in provincial areas.
Overall, Megaworld's increased capital expenditure reflects a proactive approach to capitalizing on emerging opportunities in the Philippine real estate market, with a clear vision for long-term, sustainable development across the archipelago.
