News

Real estate wars heat up: Gokongwei’s Robinsons Land fires back with P125B five-year expansion plan as GoBio dead set on doubling profits

Posted on Thu, May 8, 2025 2:40 PM by PropertyDepot in Business News

Robinsons Land Corp., the property arm of the bilyonaryo Gokongwei family, plans to invest between P100 billion and P125 billion over the next five years to expand its property portfolio and double its net income. As the second-largest mall developer in the Philippines, Robinsons Land is accelerating its expansion efforts to keep pace with larger competitors, SM Prime Holdings and Ayala Land. S...

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Megawide profit doubles in 2024

Posted on Thu, May 8, 2025 10:19 AM by PropertyDepot in Business News

MANILA, Philippines — Engineering and infrastructure company Megawide Construction Corp. has doubled its profit last year following strong revenue contributions from its business operations. Megawide reported a net income of P538 million in 2024, up by 100 percent from P269 million in the previous year. Revenues climbed by 18 percent year-on-year to P22.1 billion as growth was recorded...

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ALI positions Southern Luzon as vital growth hub

Posted on Thu, May 8, 2025 10:15 AM by PropertyDepot in Business News

MANILA, Philippines — Property giant Ayala Land Inc. (ALI) has positioned Southern Luzon as a significant growth center through its four large-scale estates forming part of the company’s strategy to expand its footprint outside Metro Manila. Through Nuvali, Broadfield, Aéra and Southmont developments, ALI has established a 4,500-hectare footprint that is now fueling the trans...

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SM Prime outlines growth strategy

Posted on Thu, May 8, 2025 5:21 AM by PropertyDepot in Business News

SM PRIME Holdings Inc. (SM Prime), a leading property developer in Southeast Asia, unveiled a three-pronged growth strategy at its 2025 Annual Stockholders’ Meeting, emphasizing scale, innovation and geographic reach to reinforce its Philippine real estate leadership. The roadmap focuses on organic mall expansion (adding over 316,000 square meters and redeveloping over 309,000 square mete...

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Megaworld's net income up 16%

Posted on Thu, May 8, 2025 5:18 AM by PropertyDepot in Business News

TOWNSHIP development pioneer Megaworld Corp. (MEG) reported a robust start to 2025, posting a 16 percent year-on-year growth in net income to P5.83 billion in the first quarter. Consolidated revenues also expanded by 11 percent to P20.93 billion, driven by solid contributions from its residential, leasing and hotel operations. Company president Lourdes Gutierrez-Alfonso attributed the strong...

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How SMDC is driving real estate value in the Philippines’ first true experience-led city

Posted on Thu, May 8, 2025 5:15 AM by PropertyDepot in Business News

MANILA, Philippines — Historically, cities have been built around commerce, governance or industry. Today, however, the most dynamic cities are being built around experiences—where business, leisure, culture and daily life move in a seamless flow. The Mall of Asia (MOA) complex is leading this transformation in the Philippines. Across a single district, MOA integrates experiences th...

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