Megaworld is No 1 Condo developer
Not one however 2 freelance real estate analysis companies have named Megaworld Corporation because the best developer of residential condominiums in Mega Manila, that covers the Makati CBD, Ortigas, Eastwood town, Bonifacio world town and Alabang.
In a study conducted last December, Colliers International named Megaworld because the top developer of residential condominiums in terms of units that were completed at the top of 2010 and area unit to be completed from 2011 till 2016. Megaworld's market share over the six-year amount is 18 percent, four % sooner than its nearest contestant.
In terms of the additive merchantable space for comes to be completed from 2011 to 2016, Megaworld remains on prime, with 16.5 p.c of the market, accounting for 1.1 million sq. meters of units sold-out. This once more is ahead by four % over the second player. Colliers associated this to Megaworld's larger unit sizes.
CBRE Philippines, meanwhile, conducted its study over a extended amount. "Based on the findings, Megaworld Corporation, together with [its subsidiaries] Empire East and Suntrust, launched the foremost residential condominium comes in terms of units and merchantable space from 2000 to 2011," CBRE exhaustive in their report's gov't outline.
With over forty,000 home units launched throughout the amount, Megaworld at bay sixteen p.c of the market, with a 3 p.c lead over the closest contestant, in step with CBRE. In terms of the overall merchantable space, Megaworld even widened its market share to sixteen.5 p.c or one.9 million sq. meters, a 5 p.c gap over the second player during this class.
For this year, CBRE estimates that a minimum of fourteen,000 units are going to be launched. It expects Megaworld's market share to decrease slightly to fifteen p.c, however "still be initial on the list of most units drifted." With over 740,000 sq. m of residential condominium units to be launched within the market this 2012, "Megaworld Corp can still be dominating with the best total market share supported the overall merchantable space with or so fifteen.5 percent."
On the workplace portfolio front, Colliers Inta'l. named Megaworld because the best developer of workplace house with associate eight p.c market share as of end-2010, with a 1 p.c lead over the closest contestant.
"Megaworld, that has the most important provide pipeline till 2015, can increase its market share by then to eleven p.c if all workplace comes within the pipeline complete as scheduled ," Colliers explicit . By then, its lead over the quantity 2 workplace developer can widen by 3 p.c.
In a sub-category, the business method outsourcing (BPO) workplace provide, wherever Megaworld has perennially been at the highest over the past decade, Colliers deemed that "Megaworld additionally has the most important market share at thirty p.c as of end-2010." It cautioned tho', "This can slightly decrease to twenty five p.c by end-2015 however it still has the most important share by then."
"We at Megaworld area unit proud to be declared because the prime developer of residential and workplace condominiums in Mega Manila. we have a tendency to area unit set to launch eleven new residential condominium comes this year, and with a lot of workplace developments within the pipeline over following few years, we'll still lead in these 2 vital segments of the property trade," Megaworld Chairman & corporate executive Apostle Tan aforesaid.
The urban administrative district model, which mixes residential, workplace and industrial aspects that Megaworld has adopted for its comes beginning with Eastwood town within the late 1990's, has established to be an enormous hit for the developer in its core market. Among the comes the corporate launched last year in its urban townships area unit One Eastwood Ave. in Eastwood town; one hundred and one Newport avenue and Belmont Luxury building in Newport City across NAIA Terminal 3; Tower one of The Viceroy in McKinley Hill, Fort Bonifacio; Tower a pair of of Manhattan Heights in Manhattan Garden town at the Araneta Center and One Uptown Residence in Uptown Bonifacio, world town.
With residential and workplace condominiums set to rise altogether its urban townships in railway system Manila, Megaworld is expected to solidify its lead in each property segments, as are often gleaned over the studies by CBRE Philis. and Colliers Int'l.