Property developer Megaworld Corporation announced on June 19, 2026, that it has completely sold out residential lots in four of its village developments, generating approximately P28 billion in sales. The company shared this news through a disclosure to the Securities and Exchange Commission.
What Did Megaworld Sell?
Think of Megaworld as a company that builds neighborhoods and communities. Instead of just building tall condominium buildings (which they also do), they also create what are called “horizontal developments” – these are villages with individual lots where people can build their own houses, similar to regular subdivisions but inside bigger, planned communities called townships.
The four villages that sold out completely are:
- Paragua Beach Village – Located in San Vicente, Palawan, inside the 462-hectare Paragua Coastown township. This village is near the longest white sand beach in the Philippines and will have hotels, shops, and wellness attractions nearby.
- Maple Grove Park Village – A 22-hectare development in General Trias City, Cavite, inside the 140-hectare Maple Grove township. It has 377 residential lots and features parks, gardens, water features, and a clubhouse designed by an international architectural firm called WATG.
- Ilocandia Beach Village – The first beachside residential village in Laoag City, Ilocos Norte, within the 84-hectare Ilocandia Coastown township. Future residents will have access to a beach club along a 1.4-kilometer coastline, similar to famous beach clubs in Singapore.
- Embassy Hills – Located in New Manila, Quezon City, this is Megaworld’s first “ultra-luxury” development under their premium Megaworld Luxe Collection, designed for very wealthy homeowners who want privacy and exclusive amenities.
Why Is This Important?
According to Lourdes T. Gutierrez-Alfonso, Megaworld’s president and chief executive officer, the company is diversifying its business. This means they’re not just focusing on condominiums anymore but are also expanding their village and lot offerings. The sell-out of these four villages shows that many buyers are interested in this type of property, both in Metro Manila and in provinces.
The strong sales reflect what the company calls “sustained demand” – meaning people continue to want to buy these properties, which shows confidence in Megaworld’s township model where they build entire communities with homes, offices, shops, and recreational facilities all in one planned area.
About Megaworld Corporation
Megaworld is celebrating its 37th year in the Philippine real estate industry this June 2026. The company has built 37 townships across the country, covering more than 7,000 hectares of land in Luzon, Visayas, and Mindanao.
The company has developed over 800 residential projects nationwide and is currently the largest office landlord and the largest hotel operator (based on number of room keys) in the Philippines.
According to the SEC filing, Megaworld has 32,429,882,872 common shares and 6,000,000,000 preferred shares outstanding, for a total of 38,429,882,872 shares. The company’s stock is listed on the Philippine Stock Exchange under the ticker symbol MEG.
The press release included a standard disclaimer noting that forward-looking statements about the company’s plans and expectations are subject to risks and uncertainties that could cause actual results to differ from what is anticipated.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
