Planning For A Better Future
Property Report|February - March 2017

The Philippines’ biggest townships developer is spearheading the next phase in the evolution of urban planning across the archipelago.

Planning For A Better Future

Manila puts a face on the chaos of urban sprawl. Home to 12 million people, the metropolis has seen almost a dozen urban masterplans fail over the years, according to award-winning urban planner Paulo Alcazaren. From schemes by Spanish colonists to recreate a Madrid in the East to American architect Daniel Burnham’s efforts to develop the city along the lines of Paris, many have tried and ultimately been unsuccessful.

One solution, it appears, is to build “integrated urban townships” out of economically obsolescent and underused land parcels across the Metro Manila — a concept pioneered by Megaworld. The property developer has built a reputation on transforming the capital’s urban wastes into aesthetically pleasing pockets of development, with nine townships in total. Outside Metro Manila, the company has developed 12 townships, bringing the total to 21 throughout the country.

Many cities outside Manila run the danger of following Manila’s fate, however. Enter Megaworld, which has taken the initiative of acquiring various landbanks where, expanding on the success of its integrated urban township scheme, it is rolling out a new real estate development concept: the “integrated lifestyle community.”

An integrated lifestyle community is, similar to the townships, a self sustaining private development with residential and retail components. The key difference is that the lifestyle community places more emphasis on leisure and tourism rather than commercial properties.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM PROPERTY REPORTView all
Singapore Starts To Swings
Property Report

Singapore Starts To Swings

Generous stimulus has saved the Lion City’s economy from disaster, and a percolating post-pandemic boom looks set to send the residential sector into overdrive

time-read
8 mins  |
August - September 2021
Natural Highs
Property Report

Natural Highs

With people seeking safe ways of re-engaging with the outside world, the pandemic has steered investment in key ski markets back on-piste

time-read
5 mins  |
August - September 2021
It's In Hua Hin
Property Report

It's In Hua Hin

A long-time favorite of Thai royalty and weekenders travelling from Bangkok, the famous beach town is adding some alluring new strings to its bow

time-read
3 mins  |
August - September 2021
Blues In The Blood
Property Report

Blues In The Blood

As China’s cities explode, its built heritage is often neglected. Hangzhou-based Bluetown Architects aims to redress that balance through its striking but functional work

time-read
6 mins  |
August - September 2021
Little Joy Soldiers
Property Report

Little Joy Soldiers

Real estate sales offices are reopening in Yangon, but banking problems, low confidence and oversupply mean a bleak outlook as the army seeks to entrench rule

time-read
4 mins  |
August - September 2021
Youth Movement
Property Report

Youth Movement

Young members of a storied family shift property development in Cebu forward with a smart, green commercial tower, rising tall above an heirloom estate

time-read
7 mins  |
August - September 2021
Gift From Above
Property Report

Gift From Above

Source Global is tapping into a renewable source— the sky—to supply drinking water to residential communities and commercial properties in Asia

time-read
6 mins  |
August - September 2021
Proptech Is Enhancing Efficiency And Human Experience
Property Report

Proptech Is Enhancing Efficiency And Human Experience

The pandemic has forced the real estate industry into a more meaningful embrace with technology after years of flirting with innovation

time-read
8 mins  |
August - September 2021
Legacy Of Handy, Individualistic Inventions
Property Report

Legacy Of Handy, Individualistic Inventions

The global crisis has caused unprecedented pain, but its extraordinary nature has seen it spawn a legacy of handy, individualistic inventions

time-read
1 min  |
August - September 2021
Wave Of Mutilation
Property Report

Wave Of Mutilation

Lockdown disruption, evolving working conditions and an exodus by offshore gaming operators have sent the vital office space sector in the Philippines into freefall

time-read
7 mins  |
August - September 2021