Megawide completes housing projects as it targets higher 2026 earnings

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Megawide completes housing projects

Highlights

Megawide completes the P575-million Northscapes San Jose del Monte project in Bulacan with 329 units and turns over 40 units in Cavite's Southscapes Trece Martires under a P593-million contract.
Megawide targets net income of about P1.2 billion for 2026, citing lower borrowing costs and expansion in construction and real estate as drivers.
Attributable net income for the six months ended June rises 22.5% to P532.7 million, revenue improves 1.2% to P8.7 billion, and shares close at P5.19 each.

Project delivery across Bulacan and Cavite

As reported by BusinessWorld Online, Megawide says horizontal housing development requires speed, consistency and efficiency because it involves delivering an entire community rather than a single structure.

In a statement on Monday, Chief Operating Officer Frederick T. Tan says the company has completed Northscapes San Jose del Monte in Bulacan, a P575-million project developed by its real estate unit PH1 World Developers, Inc. The company also says it has turned over three residential blocks comprising 40 units at Southscapes Trece Martires in Cavite under a P593-million contract.

Northscapes covers as many as 329 housing units within a 4.6-hectare community in San Jose del Monte and was completed on Oct. 15, less than three years after construction started. Megawide says the project shows the use of its integrated engineering, procurement, and construction model in horizontal housing developments.

Southscapes is PH1 World Developers, Inc.'s first horizontal housing project in Cavite. The five-hectare development will have 394 housing units, and PH1 World Developers President Gigi G. Alcantara says the partnership with Megawide supports a more coordinated approach for greater consistency and efficiency.

Earnings target and market performance

For 2026, Megawide is targeting net income of about P1.2 billion, with the company citing lower borrowing costs and growth in its construction and real estate businesses as key supports.

For the six months ended June, attributable net income rises 22.5% to P532.7 million from a year earlier, while revenue increases 1.2% to P8.7 billion. Megawide shares rise 0.19%, or one centavo, to close at P5.19 each.

Our earlier article on the second National Housing Expo in Pasay City outlined how DHSUD and Pag-IBIG Fund planned to bring 50,000 housing units from dozens of partner developers under one venue, alongside on-site loan assistance and discounted offers. It also explained the Expanded 4PH program’s financing support, including higher loan limits and subsidized or promotional interest rates aimed at improving housing affordability and expanding supply through public-private collaboration.

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