Megaworld raising 2023 capex to P55b to launch 3 townships and other projects READ MORE:
Megaworld said in a recent analysts briefing it planned to launch P60 billion worth of projects and three township developments this year.
Megaworld said that aside from renewed demand for residential units, it also expected the office sector to sustain its growth momentum amid stable occupancy and continued rent escalations. It has a mall pipeline of 159,500 sq. m. that will be completed from 2023 to 2026. It is set to complete this year 5,400 sq. m. of retail space at D’ Olive in Antipolo and 3,000 sq. m. at Davao Whiskey Park in Davao City.
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