Megaworld posts 81% growth in 9-month sales

ABS-CBN News

Posted at Oct 13 2010 03:50 PM | Updated as of Oct 13 2010 11:50 PM

MANILA, Philippines - Property giant Megaworld Corp. and its affiliates sold P36.6 billion worth of real estate projects from January to September 2010, 81% higher than the P20.2 billion in the same period last year.

Megaworld contributed P29.7 billion of the amount, while its sister firms, Empire East Land and Suntrust Properties, accounted for the rest, Megaworld said in a statement.

The sales were generated mainly from ongoing projects in Metro Manila, including Eastwood City, McKinley Hill, Newport City and Manhattan Garden City.

Megaworld is a pioneering developer of integrated live-work-play-learn township communities in the country.

Empire East and Suntrust are focused on medium-cost and affordable housing, respectively. Both companies have ongoing projects in Metro Manila and in Cavite and Laguna.