Sobre la constuctora Megaworld Corporation
La subida esta siendo un tanto vertical! Hummm
Property developer Mega-world Corp. successfully raised $250 million, or over P10 billion, from the dollar bond market to fund major projects this year.
Lauro Baja, chief Philippine representative of UBS AG, which acted as the sole bookrunner of the debt issue, said the 10-year US dollar-denominated bonds fetched 4.25 percent, the lowest for 10-year Philippine dollar bonds. It was also the lowest yield for an unrated issuer in Southeast Asia.
Megaworld is equally bullish. It is confident of generating P12 billion in sales from four new high-end residential towers that will soon rise in the Makati Central Business District.
Megaworld said the demand for residential units in Makati remained strong as reflected in the robust sales performance of the company’s four residential buildings under construction.
Megaworld’s two “super high-end” projects, called Two Central and Three Central along Valero Street, are 100 percent and 85 percent sold out, respectively.
Paseo Heights, a newly-launched residential tower located in Salcedo Village, meanwhile, is 65 percent sold out while another tower that will rise along Legaspi Village called Greenbelt Hamilton is already 75 percent sold out.
Megaworld expects to complete the new buildings, which will add 2,000 condominium units of inventory in Makati, over the next three to five years. The company currently has 18 residential and office buildings in Makati.