Alliance Global Group Inc. of businessman Andrew Tan said Wednesday it plans to pursue more township projects outside Metro Manila on shifting consumer preference for larger open spaces.
AGI chief executive Kevin Andrew Tan said during the company’s annual stockholders meeting property unit Megaworld Corp. continued to get a higher share of residential sales in the provinces.
Tan said projects outside Metro Manila accounted for more than 30 percent of Megaworld’s real estate sales. This is expected to grow further as more infrastructure projects could further spur economic activities outside Metro Manila.
“AGI is set to pursue more township projects outside of Metro Manila, contributing strongly to future sales, backed by over 4,300 hectares of developable land throughout the country,” Tan said.
Last year’s pre-sales came mostly from Cavite, Iloilo and Bacolod City.
Megaworld has 26 masterplanned integrated urban townships, integrated lifestyle communities and lifestyle estates across the country,
Megaworld is also boosting its foreign sales by expanding its presence worldwide. Foreign property sales accounted for 25 percent of Megaworld’s total real estate sales.
About 50 percent of foreign sales came from North America, with the balance coming from homebuyers in Europe, the Middle East and Asia. Megaworld International has presence in 60 countries.
Meanwhile, Tan said its liquor business plans to expand the distribution network of Emperador brandy to more than 100 from 61 currently. In 2020 Emperador contributed the biggest share of 41 percent to AGI’s consolidated revenues.
Golden Arches Development Corp., which holds the exclusive franchise to operate McDonald’s restaurants in the Philippines, also plans to open 30 stores this year.
Tan said the new McDonald’s outlets would open primarily as stand-alone stores with drive through options and with provision for outdoor dining.
“AGI is steadfast in operating our various businesses sustainably, all while serving our customers in many creative and innovative ways under this new reality,” said Tan.