Around 150 hectares of raw land and other allied properties included in the acquisition
Megaworld, through its wholly-owned subsidiary Suntrust Properties, Inc., has acquired Stateland, Inc., a 42-year old real estate company known for building affordable quality homes and well-developed communities in South Luzon, particularly in Cavite and Laguna, and some parts of Metro Manila.
This allows Megaworld to expand its raw land portfolio by another 150 hectares and to own certain allied and related properties, on top of Stateland’s existing developments spread across more than 200 hectares.
“Our goal is to further expand our developments in CALABARZON area where the growth prospects are great. Stateland’s existing properties in nearby provinces of Cavite and Laguna are impressive, and we are more than excited for the opportunities to develop them,” says Harrison Paltongan, president, Suntrust Properties, Inc., who has also been appointed as the new president of Stateland, Inc.
Through the years, Stateland has been known for developing well-planned, flood-free communities. Their latest project, which is also their flagship community, is Washington Place along Aguinaldo Highway in Dasmariñas, Cavite, that offers around 1,700 modern contemporary housing units in a 40-hectare masterplanned community.
Among other horizontal residential projects of Stateland include the Mediterranean-inspired Villa San Lorenzo (4.34 hectares) in Imus, Cavite; San Francisco Heights (23 hectares), Gran Avila (16.25 hectares) and Casa Laguerta (7.46 hectares) in Calamba, Laguna; English-inspired Chester Place (9.6 hectares) in Dasmariñas, Cavite; North Olympus IV (57 hectares) in Quezon City; the Spanish-inspired Gran Seville (20 hectares) in Cabuyao, Laguna; Avila Heights (10 hectares) in Sto. Tomas, Batangas; and Summercrest Village in Tanza, Cavite.
The company is also a builder of upscale pocket townhouse developments in Metro Manila such as the Royal Circle Townhomes in Parañaque City; Royal Garden Townhomes in Malate, Manila; Hillcrest Townhomes in Quezon City; and Royal Chateau in Pasay City.
In the last four decades, Stateland has also built residential and office condominiums in Makati City, Quezon City, San Juan, Mandaluyong, as well as in Binondo, Manila.
The company also built several industrial and farm lot developments in Bulacan, Cavite and Pasig City.
Stateland has also been known as one of the most active participants in the government’s shelter programs, pioneering in areas with potential growth and conducive to economic development.