By Iris Gonzales (The Philippine Star) |
Updated June 18, 2016 - 12:00am
Property developer Megaworld Corp. is
pouring in P180 billion to develop at least 12 townships in the next 10 years
as it rides on the continued economic growth outside Metro Manila. STAR/File
photo
MANILA, Philippines - Property developer
Megaworld Corp. is pouring in P180 billion to develop at least 12 townships in
the next 10 years as it rides on the continued economic growth outside Metro
Manila.
Megaworld executive director Kingson
Sian said the company expects growth to continue under the administration of
president-elect Rodrigo Duterte.
“The economic agenda (of the incoming
administration) seems that they are going to sustain what’s been done so far,
so that’s very positive. The eight-point agenda bodes well for our sector and
would attract FDIs and would push development in rural areas. We’ve committed
P180 billion to just focus on developments in the provinces,” Sian said during
the company’s annual stockholders meeting yesterday.
These townships, pioneered by Megaworld,
are mixed-use developments with residential, office and commercial spaces. The
12 provincial townships are the Iloilo Business Park in Mandurriao, Iloilo
City; The Mactan Newtown in Lapu-Lapu City, Cebu; Davao Park District in
Lanang, Davao City; Northill Gateway in Talisay City, Negros Occidental; The
Upper East in Bacolod City; The Capital in San Fernando, Pampanga; Twin Lakes
in Alfonso, Batangas near Tagaytay; Southwoods City in the boundaries of Cavite
and Laguna; Suntrust Ecotown in Tanza, Cavite; Sta. Barbara Heights in Sta.
Barbara, Iloilo; Boracay Newcoast in Boracay Island; and Maple Grove in Gen.
Trias, Cavite.
“We are further spreading our nation-building
efforts, particularly in developing idle lands into bustling business and
lifestyle districts, to the key cities and towns across the country where
economic opportunities abound,” Sian said.
In Davao alone, dubbed as the new seat
of power, Sian said the company is willing to expand more if the opportunity
arises.
Megaworld has already launched 21
integrated urban townships across the country covering around 3,061 hectares in
land area. Of the total number, 12 townships are in the provinces covering
2,807 hectares. The remaining nine townships are in Metro Manila spanning 254
hectares.
Of the 12 townships, seven are already
partially operational while the remaining four, namely Northill Gateway
(Negros Occidental), The Upper East
(Bacolod City), The Capital (Pampanga) and Maple Grove (Cavite), are lined up
for development within the next three years.
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