Through its subsidiary Global-Estate Resorts Inc. (GERI), Megaworld said it is developing a 117-hectare integrated lifestyle community in the highlands of Cagayan de Oro City called The Upper Central.
GERI is allocating an initial P5 billion to develop the entire integrated lifestyle community in the next 10 years.
Alliance Global Group president and CEO Kevin Tan said the company has set its sights on Cagayan de Oro City for a long time now.
Megaworld said that Cagayan de Oro is the second richest city outside of Metro Manila in terms of per capita GDP based on the latest data released by the Philippine Statistics Authority.
It has also been ranked as the third city in the Philippines with the largest urban economy by UK-based Oxford Economics.
Esta historia es de la edición December 03, 2024 de The Philippine Star.
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Esta historia es de la edición December 03, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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