Megaworld Corporation is a real-estate company in the Philippines. It is listed on the Philippine Stock ExchangeComposite Index. residential buildings in Fort Bonifacio. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig City, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease.
History
Megaworld Properties & Holdings Inc. was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989, primarily aimed at engaging in real estate development, leasing, and marketing. In 1994, it spun off Empire East Land Holdings Inc., which focused on the middle income market. It was converted to a public company on July 15, 1994. On August 19, 1999, the company changed its name to Megaworld Corporation in line with its conversion from a purely real estate company to a holding company, though the company's core focus continues to be on real estate. In 2013, the company gained full acquisition of Suntrust Properties. Andrew Tan has served as Chairman of the Board and President of the company since its incorporation in 1989. Megaworld renewed its congressional franchise for another 25 years on June 26, 2014 one day after celebrating their silver anniversary. Under Philippine law, this real estate development company will operate with franchise from Philippine congress, an authority that limits and regulates development and operations of condominiums, hotels and shopping centers.
Properties
The Megaworld Corporation has numerous development throughout the Philippines, ranging from malls, offices, townships, hotels, resorts, gaming services and residential developments. It also owns companies such as the Megaworld Lifestyle Malls , Empire East Land Holdings Inc and the Suntrust Properties Inc.
Townships
In Metro Manila:
Alabang West - a 62 hectare commercial and residential development in Las Piñas located near Alabang.
Arcovia City- a 12.3-hectare mixued-use riverside township in Pasig.
Southwoods City - a mixed use development in Biñan, Laguna, consisting retail, residential developments, schools, a church, a cyberpark, a medical facility, open spaces, leisure facilities including a Golf course, and a own transport hub.
In Visayas:
Boracay Newcoast- a mixed use leisure and residential resort development in Boracay Island.
Iloilo Business Park- a development in Iloilo City.
The Mactan Newtown - a development in Mactan, Cebu.
In 2007, Megaworld renamed a high-rise condominium project formerly called "The Trumps" into "One Central" after American real estate magnate Donald Trump threatened legal action over the name, saying the name "Trump" is unmistakably associated with him.
