Megaworld Corporation, a major property developer in the Philippines, announced through its subsidiary Global-Estate Resorts, Inc. (GERI) that it will be turning over P11 billion worth of residential and commercial properties to buyers this year. All of these properties are located outside Metro Manila, showing strong demand for developments in the provinces.

What Does “Turnover” Mean?

Think of a turnover like finally getting the keys to your new house or lot after you’ve paid for it. It’s when the developer officially hands over the property to the buyer so they can start using it.

Where Are These Properties Located?

GERI is turning over properties in several locations across different provinces:

• Cavite: Residential units at The Lindgren and commercial lots at Arden Botanical Estate (in Trece Martires and Tanza)
• Laguna: Housing units at The Hamptons Terraces, residential lots at The Hamptons Caliraya (in Cavinti), and residential units at Tulip Gardens at Southwoods City (in Biñan)
• Rizal: Residential lots at Eastland Heights (in Antipolo)
• Batangas: Units at Twin Lakes Manor and The Belvedere at Twin Lakes (in Laurel)
• Aklan: Residential units at Boracay Newcoast (in Malay)

What Does This Mean?

According to Monica T. Salomon, president of GERI, the large amount of property turnovers shows that many people still want to buy homes and commercial spaces outside Metro Manila. Buyers see long-term value in these communities because they combine nature, modern conveniences, and good investment potential.

About GERI’s Developments

GERI specializes in building integrated tourism and leisure townships – these are large communities that combine residential areas, commercial spaces, and recreational facilities. The company currently has 12 major developments across the Philippines covering more than 4,100 hectares of land.

Some notable features of their properties include:

• The Lindgren offers Scandinavian-inspired houses with gardens and natural rivers
• Tulip Gardens is located near Southwoods Mall and close to the South Luzon Expressway
• Twin Lakes is the Philippines’ first vineyard resort community with views of Taal Volcano
• Eastland Heights sits about 1,100 feet above sea level in the foothills of the Sierra Mountains

About the Company

Global-Estate Resorts, Inc. (GERI) is a subsidiary of Megaworld Corporation. According to the SEC filing dated May 7, 2026, Megaworld Corporation has 32,429,882,872 common shares and 6,000,000,000 preferred shares outstanding. The company is headquartered at the 30th Floor of Alliance Global Tower in Uptown Bonifacio, Taguig City.

This announcement was disclosed through an SEC Form 17-C filing, which is a required report that publicly-listed companies must submit when there are important developments that shareholders and investors should know about.

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.