MEGAWIDE CORP.’S real estate unit PH1 World Developers, Inc. said it recorded about P5.25 billion in actual sales in 2025, surpassing its sales goal of P4.16 billion.
“This yr our goal is P8 billion. I hope we can even exceed that,” PH1 World Developers, Inc. President Gigi G. Alcantara told reporters on the sidelines of an event on Monday.
Ms. Alcantara said that PH1’s essential efforts this yr will deal with completing and launching follow-up phases, resembling succeeding towers, of projects already underway. She added that the corporate acknowledges the market has softened and remains to be recovering, so it’s prioritizing existing projects in the meanwhile.
“For PH1, we’re going to launch our existing projects, however the succeeding towers. Due to — in fact — we’re waiting for market conditions to enhance,” she said.
In October last yr, PH1 said it was on course to exceed its 2024 performance after sales surged in the primary nine months, driven by strong demand for its projects in Cavite.
PH1’s sales from January to September alone greater than doubled to P3.38 billion from P1.59 billion a yr earlier.
Growth in the primary nine months was boosted by the performance of its two key developments — Lykke Kondo and One Lancaster Park, each in Cavite.
Lykke Kondo, launched last yr, logged P1 billion in reservation sales, while One Lancaster Park generated about P2 billion in the course of the period.
As of end-September 2025, PH1 reported unbooked revenues of about P10.16 billion and outstanding inventory price greater than P20 billion from existing projects, providing a pipeline for the approaching years.
Meanwhile, the planned initial public offering (IPO) of PH1 remains to be into consideration, based on its parent Megawide, as the corporate waits for favorable market conditions to secure an appropriate valuation. — Alexandria Grace C. Magno