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Megaworld's Reservation Sales Rise 10% in Q1

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Megaworld (PSE:MEG) posted 29.7 billion Philippine pesos in reservation sales in the first quarter, up 10.4% from a year earlier.

The group attributed the jump to steady demand for residential projects in Metro Manila and provincial areas, according to a Tuesday Philippine Exchange filing.

Megaworld Corp. remained the main contributor, accounting for about 71% of total sales, or roughly 21.2 billion pesos.

The group said the performance reflects continued demand despite broader industry challenges.

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