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“Real estate reservation sales came from the three brands namely, Megaworld, Empire East and Suntrust. Each of the brands cater to specific markets ranging from the luxury to middle income to affordable segments,” it said.
Online brokerage firm Citiseconline.com recently pegged Megaworld’s share price fair value at P3.34, with the company’s net asset value at P4.45.
Megaworld is a pioneering developer of integrated live-work-play-learn township communities in the Philippines. These townships include Eastwood City in Quezon City, Newport City in Pasay City, and McKinley Hill, McKinley West and Uptown Bonifacio in Taguig City.
The Bases Conversion and Development Authority (BCDA) aims to come up with a master plan on the development of idle military lots this year to spur economic activity and create jobs.
BCDA President Arnel Casanova said on Tuesday that the development would cover a total of 130,000 hectares of military camps nationwide.
“You have to come up with comprehensive base development plan so we need to master plan all the military camps and ask our armed forces which camps do they still need, they want to retain, and which camps they want to let go or develop for additional revenue generation,” he said in a press conference.