{"id":329955,"date":"2024-10-17T00:46:51","date_gmt":"2024-10-16T16:46:51","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329955"},"modified":"2024-10-17T01:07:51","modified_gmt":"2024-10-16T17:07:51","slug":"trade-the-news-meg-earmarks-p15b-for-84-hectare-ilocandia-coastown","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-meg-earmarks-p15b-for-84-hectare-ilocandia-coastown\/","title":{"rendered":"Trade the News: MEG earmarks P15B for 84-hectare Ilocandia Coastown"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Megaworld Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MEG<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2.63<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Megaworld Corp. (MEG) is allotting P15 billion to develop a township in Laoag City, Ilocos Norte, over the next 10 years, marking the company\u2019s first property development in Northern Luzon.<\/p>\n\n\n\n

The company is developing the 84-hectare Ilocandia Coastown mixed-use beachfront township, its 34th township development overall, Megaworld said in a statement to the stock exchange on Monday.<\/p>\n\n\n\n

Ilocandia Coastown will have upscale residential developments, a shophouse district, a commercial district, and a town center.<\/p>\n\n\n\n

It will also feature a 1.4-kilometer beach line that includes an area for sand dunes.<\/p>\n\n\n\n

\u201cWe are already present in Central and Western Visayas, the two fastest-growing regions in the country when it comes to the local economy. Now it\u2019s time to be in Ilocos to complete our presence in the three fastest-growing regions in the country today. We are very excited to showcase our signature township lifestyle in Ilocandia,\u201d Megaworld President Lourdes T. Gutierrez-Alfonso said.<\/p>\n\n\n\n

Ilocandia Coastown will be adjacent to the Fort Ilocandia Hotel and is only around 15 minutes away from Laoag International Airport.<\/p>\n\n\n\n

It is likewise less than 30 minutes away from Paoay Church.<\/p>\n\n\n\n

The property\u2019s architectural inspiration will be drawn from Filipino and Spanish heritage designs.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329955","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329955"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329955\/revisions"}],"predecessor-version":[{"id":329982,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329955\/revisions\/329982"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}