Megaworld Group, a real estate conglomerate led by business mogul Andrew Tan, declared a total sales number of P63.5 billion for 2012, which is 71% higher than its 2011 sales performance. These real estate sales, which comprise a total of 550,000 square meters sold, were delivered by its three brands – Megaworld for the luxury market, Empire East for the middle-income segment; and Suntrust, which offers more affordable projects.
In a statement released by Megaworld, they credited their success in 2012 to their “superior portfolio and sterling track record in the Philippine property market.”
Counting on its positive outlook for the 2013 real estate market, Megaworld is expecting to reach a capex spending of P35 billion this year and is planning to launch 10 new projects for the first half of the year.
Megaworld is recognized for township communities that promote their live-work-play principle, such as their real estate developments in Eastwood City (Quezon City), Newport City (Pasay City) and McKinley Hill (Taguig City).