Residential

Considered a pioneer in Philippine high-end residential development, Megaworld is always in search of new possibilities in creating the ideal urban living space. The company's luxury residential towers, townhouses and enclaves blend the advantages of a strategic and preferred location with development features that match the highly discriminating preferences of an upscale clientele in terms of comfort, security, aesthetics and lifestyle privileges.

Architectural splendor on the outside and meticulous attention to space planning and design on the inside, courtesy of the best minds in local and international design, set a Megaworld project apart from the rest. Deluxe amenities and services are incorporated with a specific market in mind so that each project meets the lifestyle aspirations of the residents.

Andrew Tan-led Megaworld Corp. appears geared for an even more fruitful year in 2011 as the firm gets into some of the biggest property projects in the country.

It has announced plans to buy the government’s 103-hectare Food Terminal, Inc. property in Taguig City.

It is also among the list of companies brokerage firm Citiseconline has included in its pick of good performers for the year because of the prospects of the country’s property market.

On Monday, Megaworld affiliate Empire East Land Corp. (Empire East) announced plans to bid for the FTI property as the government moves to balance its budget.

The company is offering the government P14 billion for the property, a premium from the amount pegged by the Aquino administration of P13 billion last year; also an increase from the P7 billion to P9 billion pegged by the previous administration. Empire East’s offer brings the Megaworld group into the list of companies that earlier announced intentions to acquire the property.

The Arroyo government had put up the property for auction but despite announcements from some of the country’s big property firms expressing interest on its development, only Ayala Land submitted a bid.

Others that were previously reported to be interested in the FTI development were Robinsons Land and SM Development Corp.

Office space demands continue to get a boost from the business process outsourcing, while the residential sector is getting its momentum from the low interest rate environment which allows for an easy mortgage payments for buyers, helping ease the projected housing backlog in the country that should have hit 4 million by last year.

Citiseconline said this environment, coupled with the improving economic condition in the country, helps companies like Megaworld to perform better this year.

"Residential demand continues to be strong, driven by huge backlog and fresh availability of affordable payment terms," noted Citiseconline.

For last year, Megaworld reported selling new units amounting to P49.68 billion, 89 percent more than the P 26.3 billion sold in 2009, with projects under the brand of Megaworld contributing P39.59 billion to the group’s 2010 sales.

Megaworld’s sister companies, Empire East and Suntrust Properties, Inc. (Suntrust) posted a combined sales of P10.09 billion in 2010.

Megaworld, which is focused on the high-end market, has residential projects in Metro Manila including Eastwood City, McKinley Hill, Newport City and Manhattan Garden City.

Empire East and Suntrust which are focused on medium-cost and affordable housing, respectively, have ongoing projects in Metro Manila and in the nearby growth centers of Cavite and Laguna.

The Megaworld group is comprised of the three brands.

Currently, it has five mega-community projects in the most strategic locations in Metro Manila --- Eastwood City in Quezon City; McKinley Hill, McKinley West and Bonifacio Uptown in Fort Bonifacio; and Newport City in Pasay City which, once fully-developed, will be home to around 48,000 families and 202,000 BPO office workers.

For the year, Megaworld said it will complete delivery close to 5,700 units in the following projects Bellagio 3, Forbeswood Parkland Tower 2, Residential Resort in Newport City Sarasota and Pinecrest, Stamford Executive Residences Tower 1, 2 and 3, Manhattan Parkway Tower 1 and 2, Cityplace Tower A and B, Greenbelt Chancellor, Greenbelt Excelsior, and Greenhills Heights, which is seen to further boost the group’s attraction to potential buyers.

Megaworld expects its rental income to exceed P 4 billion for 2011 as it opens new malls and office spaces.

Megaworld said it will complete Lucky Chinatown Mall by end-2011 which will have more than 108,000 sqm of retail space. The company will also complete more than 77,700 sqm of new office space to cater to the growing demand of BPO companies.

This will bring the firm’s rental portfolio to around 639,400 sqm by end 2011, from 453,600 sqm last year.

Megaworld Group plans to embark on a massive homebuilding program that will roll out some 18,673 residential units with an aggregate floor area of more than 830,000 square meters in 2011.

As such, it is expected that it will increase its planned capital expenditures from last year’s P17 billion.

Newport City by Megaworld Properties

ALL THE PRIVILEGES OF A PREMIER CITY

Newport. Your very own 25-hectare city. Home to a new evolution of urban living. Here, visionary ideas are intricately interpreted in the landscape, where condominium residences, office buildings, hotels, retail hubs, leisure centers and modern conveniences all come together. From this dynamic core, tap into the action in the rest of the metro. Be right next door to the Villamor golf course and Terminal 3 of the Ninoy Aquino International Airport. Be minutes away from the business districts and top schools. And be in the heart of south instantly, with the opening of the new superhighway linking South Luzon Expressway to the international airport.

We welcome you to your city. Your new home.

Newport City revamps the cityscape as it welcomes you to a unique vacation hideaway right at the heart of the metropolis. Only 40 percent of this low-density enclave is set aside for buildings. The rest of the area is dedicated for parks and landscaped gardens to bring nature to your very doorstep.

You didn't just buy a home. You gained a lifestyle. From the crisp sound of the morning tee-off to the afternoon clinks of tea parties, from the five star jewel that crowns the nature landscape to the string of stores that are one with the flora and fauna, Newport City tickles your appetite with delicious flavors you will always be satisfied with.