Megaworld to Spend PHP 10 Billion to Build 8 Malls Outside Metro Manila

Aug 2019

Leading real estate developer, Megaworld is planning to open eight new Megaworld Lifestyle Malls outside of Metro Manila, in key regional centers across the country in the next three years. The company is offering around 200,000 square meters of fresh retail inventory that will open by 2022 in Cebu, Bacolod, Davao, Boracay, Cavite, and Pampanga, with an investment of PHP 10 billion (USD 191.7 million)

Among the malls that will be opened in the next two years is the Maple Grove Mall in General Trias, Cavite, which will be a greenhouse-inspired mall surrounded with gardens and trees – complementing the ‘green’ vibe of the Maple Grove township; and the Northill Town Center in Northill Gateway, Bacolod City, which will showcase the ‘hacienda-style’ town center in which Negros has been known for.

Megaworld Corp is the largest developer and landlord of office spaces in the Philippines. The company has 17 lifestyle malls across the Philippines, and a total retail space portfolio of around 710,000 square meters. Among its flagship malls under the Megaworld Lifestyle Malls brand are the Eastwood Mall in Quezon City; Uptown Mall, Venice Grand Canal and Forbes Town in Taguig City; Newport Mall at Resorts World Manila in Pasay City; Lucky Chinatown in Binondo, Manila; Southwoods Mall in Biñan, Laguna; and Festive Walk Mall in Iloilo City. In 2018, Megaworld Lifestyle Malls rental revenues reached PHP 5.5 billion (USD 106 million0, almost 40% of the company’s rental revenues last year. 

(Sources: Megaworld Corporation)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services