Megaworld to build township in Cagayan de Oro

Megaworld Corporation, the country’s leading real estate developer and the no. 1 business process and outsourcing (BPO) office developer and landlord in the Philippines will build a township in Cagayan de Oro. This was confirmed by no less than Megaworld and Alliance Global Group founder Andrew Tan. In an interview with Philippine Star, Mr. Tan expressed his dream for the Philippines in 2015 and beyond and that is to decentralize the socio-economic development outside Metro Manila by building township developments in Iloilo, Davao, Cebu and Cagayan de Oro City.

Earlier this year, Megaworld announced that it has already acquired 80.4 percent ownership of Global-Estate Resorts Inc. (GERI). In 2012, GERI assumed the 260 hectare property Mountain Meadows project in Cagayan de Oro.

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