Property

Megaworld Corp., the listed property development company of billionaire Andrew Tan, posted record net income of P24 billion in 2025, up 11 percent year-on-year, driven by strong residential sales, leasing growth, and expansion of its recurring income portfolio. 

SM Prime Holdings is accelerating its push into the regions, announcing plans to open four new malls outside Metro Manila in 2026 in a move that underscores confidence in provincial consumer growth.

Property developers are escalating calls for faster permit approvals, warning that prolonged processing times are constraining housing supply and delaying project rollouts nationwide.

State-run housing lender Pag-IBIG Fund booked a near 50 percent jump in investment income in 2025, fortifying its balance sheet and sharpening its capacity to bankroll affordable homes.

Megaworld Corp., the listed property development arm of billionaire Andrew Tan, has traded launch tarpaulins for heavy equipment as it begins land development this year for the 84-hectare Ilocandia Coastown, setting the stage for utilities, roads, and the first homes in what is envisioned as the most coveted seaside address in Ilocos Norte.