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Category: realestate

Megaworld allots P 3.4B to expand 3 townships

MANILA, Philippines – Developer Megaworld Corp. will spend P3.4 billion to expand three of its townships across the country, banking on the strength of its provincial projects to drive growth. In a regulatory filing on Monday, Megaworld said it would reinvest the proceeds raised from selling its shares in its real estate investment trust (REIT)