Megaworld registered billions despite the pandemic


Andrew L. Tan-led company said in a statement, Tuesday, that Megaworld booked P38 billion in reservations sales for multiple residential projects in the first and second quarter of the year, with the second quarter seeing sales hit P17 billion.

“Even during the ‘enhanced community quarantine’ in Luzon during the second quarter, we received a lot of inquiries and reservations via our online channels mostly coming from the upper-mid market,” said Megaworld’s Chief Operating Officer Lourdes Gutierrez-Alfonso.

Ms. Gutierrez-Alfonso claimed its digital sales strategies “paved the way for faster, smoother and safer transactions, and client engagements,” albeit, selling real estate during the period was “quite” challenging.

The company noted its provincial properties make up most of the sales booked in the second quarter. Its big-ticket projects added to the period’s reservations sales, including Arden Botanical Estate in Cavite; Eastland Heights in Antipolo, Rizal; Hamptons Caliraya in Laguna; McKinley Hill and McKinley West in Taguig; and other projects in Makati City and Pasig City.

Citing demand pickups, it generated P7 billion in reservations last month for its residential lots in the Calabarzon region, as well as for its residential properties in Boracay Newcoast and Iloilo Business Park.

The developer opened showrooms nationwide with safety protocols, including pre-visit registration, contactless payments, document sanitation, and digital presentations. It also provided clients with personal hygiene kits.

Megaworld Corporation is listed in the Philippine Stock Exchange as $MEG and as of July 21, 2020, 03:30:00 PM, it was traded at P3.18 per share +1.92% higher than its previous close with 71.1M value traded.

Read More: BusinessWorld ; Megaworld Website

-Stockbytes PH, July 22, 2020,

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