Megawide Construction Corp. has secured two new contracts with Megaworld Corporation to build residential towers in the latter’s township developments.
The multibillion-peso contracts cover civil, structural, and architectural works, as well as MEPF (mechanical, electrical, plumbing, and fire protection). These latest developments add to the numerous projects that both companies have successfully delivered together in the past.
“We are very excited to again work with Megaworld, who has been our long-standing client. Our partnership with them is built on the shared pursuit of sustainability, excellence, and speed-to-market, which have defined both our organizations’ brand and track record. We intend to cultivate this further by providing them products and services that meet their very strict quality and workmanship standards,” said Edgar Saavedra, Megawide President and CEO.
The two projects are Uptown Modern and One Portwood—both residential offerings in Megaworld’s township developments. Uptown Modern is the newest addition to the high-rise residential towers in Uptown Bonifacio, designed with “form and function in mind” and setting “a new standard for modern living.”
One Portwood, meanwhile, is a residential condominium located in Newport City, right across Ninoy Aquino International Airport (NAIA) Terminal 3. It features world-class amenities in a prime location, making it an attractive investment option with strong rental potential and long-term value appreciation.
Megawide will once again leverage its world-class expertise in engineering and construction, anchored on its precast technology and integrated construction solutions. These have been showcased in previous Megaworld projects such as The Worldwide Plaza, Albany Luxury Suites, Newport Link, International Finance Tower, and Gentry Manor, among others.
“Our strategic partnership with Megawide has been built on a foundation of trust, and we applaud the consistent excellence they bring to every project. We are proud to collaborate with a top-tier construction company like Megawide as we turn our vision for our integrated townships like Uptown Bonifacio and Newport City into reality,” said Jennifer L. Romualdez, Megaworld Head of Operations.
The new Megaworld contracts form part of the ₱20 billion worth of projects Megawide has been negotiating to raise its total order book to ₱50 billion by year-end. These include contracts with other clients such as Trans Aire Development Holdings Corporation (a subsidiary of San Miguel Corporation), DoubleDragon, 8990 Holdings, Landers, and Citicore Power Inc.
The Company aims to maintain a healthy mix of residential, commercial, industrial, and infrastructure projects to ensure a balanced, sustainable, and diverse portfolio—providing long-term revenue visibility and business stability.
