MANILA — Property and township developer Megaworld Corp. aims to generate P2 billion in sales from Ilocandia Beach Village, its 19.4-hectare beach township within the Ilocandia Coastown development in Laoag City.

The company plans to offer 446 lots, ranging from 230 to 406 square meters, all with direct beach access and expected turnover by 2031.

“We envision Ilocandia Beach Village transforming the landscape of the city by offering a unique and vibrant lifestyle that celebrates the beauty of Ilocandia’s stunning coastline,” Ilocandia Coastown head of sales and marketing May Santos said in an emailed statement.

The village will feature a two-storey clubhouse with a fitness center, function hall, entertainment room, and swimming pool. The clubhouse will connect to a Central Park with jogging paths, a picnic grove, a play court with bleachers, and a large green lawn.

Megaworld previously said it intends to invest P15 billion to develop Ilocandia Coastown, located next to Fort Ilocandia Hotel and spanning a 1.40-kilometer beach line.

The company has allocated P65 billion for capital spending in 2026, mainly for land acquisition, land banking, and development of existing projects.

Megaworld reported a 14% growth in net income to nearly P18 billion in the first nine months of 2025, with consolidated revenues rising 8% to P64.41 billion. Its real estate portfolio covers residential condominiums, subdivision lots, townhouses, office projects, and retail spaces.

The company also manages hotel operations and leases office spaces, with subsidiaries including Richmonde Hotel Group International Limited, Eastwood Cyber One Corp., Empire East Land Holdings Inc., Global-Estate Resorts Inc., and Bonifacio West Development Corp.