Manila: Listed property developer Megaworld has earmarked PHP65 billion in capital expenditures for 2026 as it expands its township projects outside Metro Manila. In a disclosure to the Philippine Stock Exchange on Wednesday, the company said the funds will be used for land acquisition, development of existing projects, and high-value investments.

According to Philippines News Agency, the company is set to launch 19 projects this year, including the Ilocandia Coastown in Ilocos Norte, the Upper Central in Cagayan de Oro City, and the Nascala Coast in Nasugbu, Batangas. Other projects are planned in the cities of Pasig, Taguig, Manila, and in the provinces of Cavite, Laguna, Palawan, Iloilo, and Cebu.

Residential, office, and retail projects in Bacolod, Iloilo, Pampanga, Cavite, and Palawan are also being further developed. These developments are expected to help propel the growth of MREIT, Inc., Megaworld's real estate investment trust, as more projects are added to the list of future infusions that the company can tap.

Hospitality expansion is also on the agenda, with five hotels currently under construction. These include ArcoVia Hotel in Pasig City, Savoy Hotel Capital Town in San Fernando, Pampanga; Savoy Hotel Palawan and Paragua Sands, both in San Vicente, Palawan; and The Kingsford in Bacolod City.

Megaworld president and chief executive officer, Lourdes Gutierrez-Alfonzo, stated that they are seeing opportunities ahead and look forward to sustained growth in the office, commercial, hospitality, and tourism sectors. She added that the company is continuing its expansion program with renewed optimism and is innovating its township offerings. The residential business remains a strong growth engine, especially with the introduction of pioneering projects that integrate new technologies such as the use of artificial intelligence into new developments.