TAN-LED property developer Megaworld Corp. has set the next capital expenditure (capex) budget of P65 billion for 2026, up from the P50 billion it earmarked for 2025, because it accelerates the event of township projects in key provinces.
In a disclosure to the stock exchange on Wednesday, the corporate said the spending will cover land acquisition, land banking, and the event of existing projects outside Metro Manila.
Megaworld is about to begin land development this 12 months for several key townships, including Ilocandia Coastown in Ilocos Norte, The Upper Central in Cagayan de Oro City, and Nascala Coast in Nasugbu, Batangas.
Last month, the corporate launched its 37th township development within the country, situated in Negros Occidental.
Megaworld also has ongoing expansions in its residential, office, and retail segments in regional locations reminiscent of Bacolod, Iloilo, Pampanga, Cavite, and Palawan.
“We’re seeing opportunities ahead, and we sit up for the sustained growth within the office, business, hospitality, and tourism sectors,” Megaworld President and Chief Executive Officer Lourdes T. Gutierrez-Alfonso said.
In its residential segment, Megaworld is launching 19 projects valued at P65 billion this 12 months. These projects might be situated in Pasig, Taguig, Manila, Ilocos, Cavite, Batangas, Laguna, Palawan, Iloilo, Cebu, and Cagayan de Oro.
“Our residential business stays a robust growth engine, especially as we introduce more pioneering projects that integrate recent technologies reminiscent of the usage of artificial intelligence into our recent developments,” Ms. Gutierrez-Alfonso said.
Megaworld can also be seeking to add 2,000 rooms to its hotel portfolio with the development of 5 hotels this 12 months, the corporate said.
Hotel properties in its pipeline include ArcoVia Hotel in Pasig City; Savoy Hotel Capital Town in San Fernando City, Pampanga; Savoy Hotel Palawan and Paragua Sands in San Vicente, Palawan; and The Kingsford in Bacolod City.
Megaworld said it stays optimistic in regards to the growth of its hospitality portfolio, adding that this supports its goal of reaching greater than 9,000 room keys inside the subsequent three years.
The property developer’s expanding portfolio can also be expected to lead to additional asset infusions into its real estate investment trust, MREIT, Inc., it said.
Kevin Andrew L. Tan, president and chief executive officer of parent firm Alliance Global Group, Inc. (AGI), said the group is seeking to inject 250,000 square meters (sq.m.) of retail and office assets into MREIT this 12 months.
That is according to MREIT’s goal of expanding its asset portfolio to at least one million sq.m. of gross leasable area (GLA) by 2027.
In the primary nine months of 2025, Megaworld posted a 14% increase in net income to P17.9 billion, while MREIT’s distributable net income rose by 27% to P2.8 billion in the identical period.
On the local bourse on Tuesday, Megaworld shares rose by 1.36% or three centavos to shut at P2.23 apiece, while MREIT shares gained 0.14% or two centavos to complete at P13.82 each. — Beatriz Marie D. Cruz