Megaworld mulls high-tech BPO building in Davao

Major property developer Megaworld has unveiled a number of projects, comprising office buildings and commercial complexes, each year through 2020. Among the planned projects is a high-tech building for business process outsourcing (BPO) service providers in Davao City. According to reports, Megaworld is planning to build more than 10 office buildings and commercial complexes through 2020, increasing the company’s total rental space to 2.11 million square meters in three years. Megaworld remains unfazed, even as IT-related foreign investment in Q2 dropped 34% year-on-year, since it is betting on the long-term growth of the country’s property market.