{"id":29597,"date":"2025-11-10T19:12:12","date_gmt":"2025-11-10T10:12:12","guid":{"rendered":"https:\/\/kb-realty.com\/?p=29597"},"modified":"2025-11-10T19:12:13","modified_gmt":"2025-11-10T10:12:13","slug":"how-top-real-estate-developers-fared-in-2022","status":"publish","type":"post","link":"https:\/\/kb-realty.com\/en\/how-top-real-estate-developers-fared-in-2022\/","title":{"rendered":"How Top Real Estate Developers Fared in 2022"},"content":{"rendered":"<p class=\"wp-block-paragraph\">January 5, 2023<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" width=\"510\" height=\"340\" src=\"https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1.jpg\" alt=\"\" class=\"wp-image-29598\" style=\"width:515px;height:auto\" srcset=\"https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1.jpg 510w, https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1-300x200.jpg 300w, https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1-18x12.jpg 18w, https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1-200x133.jpg 200w, https:\/\/kb-realty.com\/wp-content\/uploads\/2025\/11\/Century-City-H1-105x70.jpg 105w\" sizes=\"(max-width: 510px) 100vw, 510px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Table of Contents<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">SM Prime Holdings, Inc.<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 22 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Ayala Land, Inc.<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 13.3 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Megaworld Corporation<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 9.7 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Robinsons Land Corporation<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 6.7 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Vista Land &amp; Lifescapes, Inc.\u00a0<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 6.7 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">DMCI Homes<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 3.9 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Filinvest Land Inc.<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 2.27 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Rockwell Land Corporation<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 2 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Century Properties<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 1.14 Billion<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><a href=\"\" title=\"\">Eton Properties<\/a>\n<ul class=\"wp-block-list\">\n<li><a href=\"\" title=\"\">2022 Net Income: PhP 335 Million<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the rise of inflation rates in the country,\u00a0<a href=\"\" title=\"\">real estate is still an ideal investment<\/a>. Thanks to real estate developers, property seekers have plenty of options when choosing properties that fit their needs. Different things set top real estate developers apart from other developers. These include adaptability to the changing demands and needs of property buyers, the quality of their properties, and getting the value of your money for the property\u2019s price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The following are the top real estate developers in the Philippines for 2022:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SM Prime Holdings, Inc.<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 22 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">From PhP 15.6 billion net income, there has been a 41% growth in SM Prime Holdings, Inc.\u2019s net income in 3Q of 2022. SMDC reported PhP 10.1 billion revenue in 3Q of 2022, a 32% increase from 2021. SMDC\u2019s reservation sales grew by 15% in July to September 2022 compared to 2021. Factors such as growing domestic demand, relaxed community quarantine, and sustained growth in remittances from OFWs have allowed more people to acquire real estate properties for investment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ayala Land, Inc.<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 13.3 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This real estate giant made solid progress in 2022. ALI\u2019s net income increased by 55% compared to 2021. Commercial lot sales and ongoing residential project construction led to ALI\u2019s revenue increase. Their famous commercial developments, such as\u00a0<a href=\"\" title=\"\">Arca South<\/a>\u00a0and South Coast City, had strong investor demand for 2022. Regarding residential projects,\u00a0<a href=\"\" title=\"\">Ciela at Aera Heights<\/a>,\u00a0<a href=\"\" title=\"\">Parklinks North Tower<\/a>,\u00a0<a href=\"\" title=\"\">Amaia Skies Cubao<\/a>\u00a0Tower 3, and Avida\u2019s Serin East Tower 4 have received the most demand.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Megaworld Corporation<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 9.7 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Megaworld\u2019s real estate sales have helped the corporation earn more revenue than in 2021. Revenues in Megaworld Lifestyle Malls have also soared by 51% because of consumers\u2019 increased spending, higher foot traffic, and the highest return of occupancy rate of commercial properties. As life is returning to the pre-pandemic normal, staying in in-city hotels and leisure-related activities has also increased, helping Megaworld Hotels &amp; Resorts increase revenue.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Robinsons Land Corporation<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 6.7 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">RLC has earned 6% more compared to last year from January to September 2022 with an income of PhP 6.74 billion thanks to its impressive investment portfolio, increased commercial leasing, improved sales of its projects, and recovery of its malls. With the return of increased foot traffic in malls, the mall revenues of RLC in 3Q of 2022 soared to 95% as rental income soared to 126%. The company also earned from leasing new buildings such as Cybergate Iloilo 1, Cyber Omega, and Bridgetowne East Campus One.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vista Land &amp; Lifescapes, Inc.&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 6.7 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">VLL\u2019S real estate income dropped by 26% in the first three quarters of 2022 but gained 33% in rental income as lives returned to the pre-pandemic normal. Property buyers from overseas took advantage of the higher peso-for-dollar exchange rate in 2022, hence, the increase in reservation sales for Vista Land properties.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DMCI Homes<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 3.9 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">DMCI Homes experienced a 19% increase in net income in 2022. Not only did their sales and reservations increase in residential units, but in parking slots as well. Two transit-oriented projects, namely\u00a0<a href=\"\" title=\"\">Fortis Residences<\/a>\u00a0in Makati and\u00a0<a href=\"\" title=\"\">Sage Residences<\/a>\u00a0in Mandaluyong City, have contributed to increased sales and revenue for DMCI Homes.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Filinvest Land Inc.<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 2.27 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">FLI reported that its income declined by 33% in 2022. An increase in selling, marketing, administrative, and general expenses were the main factors affecting the profitability of FLI in 2022. These expenditures are hoped to improve its reservation sales performance year on year. Despite this loss, Filinvest Land Inc. saw a 15% increase in reservation sales when they started launching their new residential projects in Teresa in Rizal, San Rafael in Bulacan, and Naga in Camarines Sur.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rockwell Land Corporation<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 2 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Rockwell Land Corporation experienced a 40% increase in net income in 2022. The corporation has earned bulk revenues from selling condominium units, including the accretion from interest income. Commercial development also earned impressive revenues because of the recognition of the sale of One Proscenium and improvements in the retail segment. Both its retail and office operations generated impressive revenues for 2022 thanks to improved average rental and occupancy rates, office leasing, and sale of office units.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Century Properties<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 1.14 Billion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Century Properties earned higher profits in 2022 thanks to the reopening of the Philippine economy. In 2022, Century Properties saw an increase in demand for their residential projects, especially in the affordable housing segment outside of Metro Manila, despite the high inflation and interest rates. Century is also introducing\u00a0<a href=\"\" title=\"\">Century NULIV<\/a>, the developer\u2019s venture into exclusive low-rise townhouse communities to help address the growing demand for luxury properties in the Philippines.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Eton Properties<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2022 Net Income: PhP 335 Million<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Eton Properties\u2019 net income declined by 9% compared to 2021. This real estate developer\u2019s income in 2022 was mainly from their leasing operations. Currently, its leasing portfolio has 283,000 square meters. Their office and residential markets have also contributed to their net income in 2022. Since its leasing market has the most share in its total revenue, Eton Properties is keen on increasing its leasing portfolio. Currently, Centris Cyberpod One and Tree are 100% leased out for 2022, and Centris Cyberpod Five had a 118% growth in its occupancy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>For more tips on the Philippine real estate market, check out other related journals on KB Realty Group\u00a0<\/em><a href=\"https:\/\/kb-realty.com\/en\/homepage-5\/\" target=\"_blank\" rel=\"noopener nofollow sponsored ugc\" title=\"\"><em>here<\/em><\/a><em>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Main photo from Deposit Photos<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>References:<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/edge.pse.com.ph\/openDiscViewer.do?edge_no=c5b74865cbeff0653470cea4b051ca8f\">https:\/\/edge.pse.com.ph\/openDiscViewer.do?edge_no=c5b74865cbeff0653470cea4b051ca8f<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.ayalaland.com.ph\/ali-9m22-net-income-up-55-percent-p13b\">https:\/\/www.ayalaland.com.ph\/ali-9m22-net-income-up-55-percent-p13b<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/10\/business\/corporate-news\/megaworld-net-income-up-12-to-p97b\/1865666\">https:\/\/www.manilatimes.net\/2022\/11\/10\/business\/corporate-news\/megaworld-net-income-up-12-to-p97b\/1865666<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.philstar.com\/business\/2022\/11\/11\/2222909\/rlc-income-6-p67-billion\">https:\/\/www.philstar.com\/business\/2022\/11\/11\/2222909\/rlc-income-6-p67-billion<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/17\/business\/corporate-news\/vista-land-nets-p67b-end-of-q3-up-12\/1866601\">https:\/\/www.manilatimes.net\/2022\/11\/17\/business\/corporate-news\/vista-land-nets-p67b-end-of-q3-up-12\/1866601<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/09\/business\/corporate-news\/dmci-holdings-net-income-up-105\/1865567\">https:\/\/www.manilatimes.net\/2022\/11\/09\/business\/corporate-news\/dmci-holdings-net-income-up-105\/1865567<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/18\/business\/corporate-news\/filinvest-land-net-income-down-33\/1866723\">https:\/\/www.manilatimes.net\/2022\/11\/18\/business\/corporate-news\/filinvest-land-net-income-down-33\/1866723<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mb.com.ph\/2022\/11\/13\/rockwells-earnings-rise-40-to-p2-b\">https:\/\/mb.com.ph\/2022\/11\/13\/rockwells-earnings-rise-40-to-p2-b<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/16\/business\/corporate-news\/century-properties-group-nets-p114b\/1866476\">https:\/\/www.manilatimes.net\/2022\/11\/16\/business\/corporate-news\/century-properties-group-nets-p114b\/1866476<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.manilatimes.net\/2022\/11\/15\/business\/corporate-news\/lt-group-net-income-up-313\/1866302\">https:\/\/www.manilatimes.net\/2022\/11\/15\/business\/corporate-news\/lt-group-net-income-up-313\/1866302<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>January 5, 2023 Table of Contents Despite the rise of inflation rates in the country,\u00a0real estate is still an ideal investment. Thanks to real estate developers, property seekers have plenty of options when choosing properties that fit their needs. Different things set top real estate developers apart from other developers. These include adaptability to the changing demands and needs of property buyers, the quality &#8230;<\/p>","protected":false},"author":5,"featured_media":29598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[171],"tags":[189,214,191,186,188,190,185,187,177,30],"class_list":["post-29597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trend-reports","tag-alabang","tag-cavite","tag-house-for-rent","tag-makati","tag-muntinlupa","tag-paranaque","tag-pasay","tag-real-estate","tag-sale","tag-selling-your-home"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/posts\/29597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/comments?post=29597"}],"version-history":[{"count":1,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/posts\/29597\/revisions"}],"predecessor-version":[{"id":29599,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/posts\/29597\/revisions\/29599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/media\/29598"}],"wp:attachment":[{"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/media?parent=29597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/categories?post=29597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kb-realty.com\/en\/wp-json\/wp\/v2\/tags?post=29597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}