Property developer Megaworld Corp. has revised down its capital expenditure and residential launch targets for 2026, citing higher material costs, inflation, and rising interest rates.
The company now plans to spend ₱55 billion in capital expenditures this year, down from the earlier projection of ₱65 billion. It also lowered its residential launch goal to ₱50 billion, from the previous estimate of ₱65 billion. Last year’s capital outlay stood at ₱50 billion.
Executive director Kevin Andrew L. Tan said the adjusted plan reflects “measured but meaningful growth” and a focus on strengthening recurring income. He noted the strategy is designed to work within current market conditions, while the firm’s township model remains a key advantage. By combining homes, offices, retail, and hotels in one location, Megaworld generates steady demand and revenue, adding resilience during difficult periods. Its wide presence in high-growth provincial markets and strict financial discipline further support stability, he added.
President and CEO Lourdes Gutierrez-Alfonso reported strong demand for provincial projects. The Ilocandia Coast Town and Paragua Beach Village in Palawan both sold out shortly after launch. She also highlighted healthy office demand, with multinational firms and global business centers favoring townships for their convenience and amenities.
