Towships developer Megaworld Corporation posted a 36 percent growth in net income to P14.4 billion last year from P10.6 billion in 2020, boosted by the listing of its real estate investment trust .
During the year, the company launched 11 new residential and commercial lot projects with a total sales value of P28 billion, more than triple from the previous year’s launches. In 2021, Megaworld Premier Offices hit a record high rental income of P11.1 billion as it closed around 236,000 square meters of new and renewal transactions. Office occupancy rate during the year stood at 90 percent.
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