Megaworld Corp, a leading Philippine property developer, saw its first-quarter reservation sales rise as strong housing demand continued to support the market, according to a report from AD HOC NEWS .
The company attributed the growth to robust demand from both local and overseas Filipino buyers, particularly for its mid-market and high-end residential projects in key urban centers. Reservation sales, a key indicator of future revenue, climbed compared to the same period last year.
Analysts noted that Megaworld's performance reflects broader trends in the Philippine housing sector, where low interest rates and remittance inflows continue to fuel demand. The developer remains optimistic about sustained growth through the remainder of the year.