Megaworld to invest P3.4B in townships in Bacolod, Cebu, Palawan

Megaworld Corporation is planning to invest P3.4 billion from its MREIT share sale into expanding its townships in Bacolod, Cebu, and Palawan.

The company's The Upper East township in Bacolod, a 34-hectare business and lifestyle district, will see further development including a lifestyle mall starting in 2026.

In Cebu, the Mactan Newtown in Lapu-Lapu City will also undergo expansion, adding to its existing residential, office, and hotel developments.

The Paragua Coastown in San Vicente, Palawan, a 462-hectare eco-tourism community, is set to include new hotels, residential condominiums, a village, commercial areas, and nature parks.

Megaworld's president and CEO, Lourdes Gutierrez-Alfonso, highlighted the significant tourism potential of these provincial townships in driving local business growth.

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