Megaworld said in disclosure to the stock exchange reported net income also climbed 12 percent to P10.34 billion in the first nine months of the year from P9.27 billion on yeat. Rental income totaled P8.82 billion compared with P7.41 billion a year ago, while residential revenues remained steady. “There is a brighter side for our residential business as we have started the bulk of our unit turnovers in Makati and Fort Bonifacio this year. Megaworld earlier projected a rental income of P12 billion this year, with P7.2 billion coming from office projects. Megaworld has planned to launch P30 billion worth of projects across existing township developments this year.

Source: The Standard November 08, 2017 11:37 UTC