Megaworld posts 71% growth in home sales


Home sales of Andrew Tan-led Megaworld Corp. rose by more than two-thirds last year as it expanded in more areas across the country, confident of its “superior portfolio and sterling track record” in the industry.

The company on Monday also announced it would launch 10 new residential projects in the first half of the year. It earmarked P35 billion for capital expenditures, the highest in its history.
Megaworld sold P63.5 billion in residential projects in 2012, translating to about 550,000 square meters of home space—up by 71 percent from year-ago level.



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