MANILA -- Property developer Megaworld is set to develop at least 2 more townships in 2025.

In a statement, the real estate giant said the townships will be in key growth areas in Luzon and the Visayas, and cover more than 300 hectares of land. 

Megaworld announced that it was developing the Lialto Beach and Golf Estates in Batangas and The Upper Central in Cagayan de Oro in 2024, as well as the San Benito Private Estate in Lipa, Batangas and the Ilocandia Coastown in Laoag City, Ilocos Norte.

Aside from growing the company's land banks, these projects also help cities grow their local economies and provide job opportunities, said Megaworld president Lourdes Gutierrez-Alfonso.

Kevin Tan, president of Megaworld parent Alliance Global Group, said these projects also help drive tourism in their respective areas.

"We build hotels, museums, resorts, malls, sports and leisure facilities, and many other attractions within our townships to support our country’s tourism industry,” he said.

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The Philippines booked P712 billion in tourism receipts from January 1 to December 15, 2024.

Megaworld's net income climbed 10 percent in the first three months of 2024.

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