MANILA, Philippines, November 9, 2022 ‐ Property giant Megaworld Corporation
(“Megaworld” or the “Company”) grew its net income by 12% to P9.7-billion during the first
nine months of 2022 from the P8.6-billion registered last year as real estate sales and rental
income remarkably improved during the period. Net income attributable to the parent
company’s shareholders grew by 3% to P8.4-billion from January to September.
Consolidated revenues during the first nine months of 2022 reached P42.5-billion, a 15%
growth from P36.9-billion last year. Throughout the year, the Company maintained its doubledigit growth across all its business segments.
“Our strong topline performance during the year affirms our drive to not only reach our prepandemic levels, but to exceed it. While our bottom-line was tempered by the strong dollar,
our underlying operations and profitability remained robust. We look forward to sustaining
our momentum and closing the year strong,” says Kevin L. Tan, Chief Strategy Officer,
Megaworld.
Real estate sales continued to lead the Company’s recovery, increasing by 13% to P26.2-billion
during the first nine months of the year from P23.1-billion last year.
Megaworld Premier Offices registered P9.1-billion in rental income during the first three
quarters of the year, 12% higher than the P8.1-billion registered last year. During the quarter,
it also registered higher than industry occupancy rate that expanded further to 92% thanks to
the healthy growth of the BPO sector in the country.
Megaworld Lifestyle Malls, likewise, soared its revenues by 51% to P2.3-billion in the first
nine months of the year compared to P1.5-billion in the same period last year. The impressive
revenue growth was mainly driven by increased spending, higher foot traffic, and a return to
its highest historical occupancy rate of 90% as of the third quarter of 2022.
Megaworld Hotels & Resorts, on the other hand, posted a 38% increase in revenues to P1.8billion from January to September, which is 38% higher than the P1.3-billion recorded in the
same period last year. This is largely driven by the sustained performance of in-city hotels and
the pick-up in leisure-related activities.
“Our core belief to put our clients in the forefront of our decisions proved beneficial as we
continue to move closer and closer to pre-pandemic levels,” adds Tan.
To date, Megaworld has 28 master‐planned integrated urban townships, integrated lifestyle
communities, and lifestyle estates across the country, namely: Eastwood City in Libis, Quezon
City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares),
McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares), and Forbes Town (5
hectares), all in Fort Bonifacio, Taguig City; Lucky Chinatown in Binondo, Manila (3 hectares);
The Mactan Newtown in Lapu‐Lapu City, Cebu (30 hectares); Iloilo Business Park in
Mandurriao, Iloilo City (72 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (173
hectares); Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Alfonso,
Batangas near Tagaytay (1,300 hectares); ArcoVia City in Pasig City (12.3 hectares);
Southwoods City in the boundaries of Biñan, Laguna and Carmona, Cavite (561 hectares);
Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62
hectares); Eastland Heights in Antipolo City, Rizal (640 hectares); Suntrust Ecotown in Tanza,
Cavite (350 hectares); Maple Grove in General Trias, Cavite (140 hectares); The Hamptons
Caliraya in Lumban‐Cavinti, Laguna (300 hectares); The Upper East (34 hectares) in Bacolod
City; Northill Gateway (50 hectares) in the boundaries of Bacolod City and Talisay City in
Negros Occidental; Capital Town Pampanga beside the Pampanga Provincial Capitol in the
City of San Fernando (35.6‐hectares); Westside City in the Entertainment City in Paranaque
City (31 hectares); Empire East Highland City in Cainta, Rizal (24 hectares); Arden Botanical
Estate in the boundaries of Trece Martires and Tanza, Cavite (251 hectares); Paragua
Coastown in San Vicente, Palawan (462 hectares); and Northwin Global City in Marilao and
Bocaue, Bulacan (85 hectares).