The South of Manila to welcome the first full-scale lifestyle mall

Situated within the 561-hectare Southwoods City, the US $39.2 million Megaworld Mall will welcome guests by October 2017, providing shopping and leisure space with the total GFA of 58,000 sq m. Southwoods City is a fully-integrated township, which features a 26-hectare residential village named Pahara, the 125-hectare Manila Southwoods Golf and Country Club, as well as commercial and facilities.

In the housing sector, the inconsistency between national laws and provincial ordinances, a prolonged period of licensing, and low profits are challenging investors and the Philippine government in developing social housing projects and solving the backlog in other segments. Under the amended Urban Development and Housing Act, developers in the Philippines are required to allocate from 5% to15% of their total project area for social housing units.