GERI prioritizes completion of P11-B projects amid headwinds

GLOBAL-ESTATE RESORTS, Inc. (GERI), the integrated tourism estates unit of Megaworld Corp., is prioritizing the completion of about P11 billion worth of projects across its leisure-oriented developments as it navigates geopolitical risks and inflationary pressures.

“The company is navigating the difficult business environment with financial discipline and operational agility, focusing its resources towards completing about P11 billion worth of projects across its integrated estates and lifestyle communities,” GERI President Monica T. Salomon said during the company’s annual stockholders’ meeting held on Thursday last week.

Despite the challenges, she said the company remains optimistic about the resilience of the Philippine property market and is introducing new development features aimed at transforming its estates into integrated destinations for tourism, leisure, commerce, and community living.

She said GERI benefited from strong demand for leisure properties outside Metro Manila, generating P5.8 billion in real estate sales from its integrated tourism estates, including Twin Lakes, Boracay Newcoast, Southwoods City, and Arden Botanical Estate.

In 2025, GERI completed P4.5 billion worth of residential and commercial lots, as well as condominium projects, across Southwoods City, Twin Lakes, Alabang West, and The Hamptons Caliraya.

The company also opened Chancellor Hotel Boracay, the third hotel within Boracay Newcoast, adding 295 rooms and bringing its hospitality portfolio to more than 1,600 rooms.

GERI said it plans to launch P4.7 billion worth of residential inventory in Boracay Newcoast, The Hamptons Caliraya, and Eastland Heights. It also plans to expand into Cagayan de Oro, Iloilo, and Batangas through projects that are undergoing regulatory review.

For 2025, GERI posted a consolidated revenue of P8.9 billion, up slightly from P8.8 billion a year earlier. Net income rose 4.62% to P2.3 billion, supported by a 7.6% increase in rental income from its retail and office properties.

The company also achieved carbon neutrality in 2025 through the use of renewable energy and forest adoption, which Ms. Salomon said reflects GERI’s commitment to “balanced growth and responsible development.” — Juliana Chloe A. Gonzales