Filipino-Chinese tycoon Andrew L. Tan, the third richest man in the Philippines and head of the Alliance Global Group, has been selected by the editors of Property Report as winner of the prestigious Real Estate Personality of the Year award at the second annual Philippines Property Awards.
A self-made billionaire, the 61-year-old Tan has an estimated personal fortune of USD5 billion, with various business interests in retail investment and in real estate.
His flagship urban development firm Megaworld Corporation, where he is chairman and chief executive officer, was consolidated earlier this year to own more than 3,900 hectares of prime land properties in the Philippines and is now celebrating its milestone 25 years in the real estate industry with the announcement of a five-year expansion plan valued at PHP230 billion (USD5.23 billion).
“Even in Asia’s fastest growing property market, Megaworld’s expansion in the last year has stood out and been particularly impressive,” says Terry Blackburn, CEO of Ensign Media and publisher of Property Report. “The driving force behind this is Dr. Tan and he has proven himself time and time again to be one of South East Asia’s most astute and forward thinking businessmen who has created a property empire to stand alongside his other business interests and make himself one of the dominant figures in the Philippines business community.”
Tan’s property empire comprises residential, office, commercial, retail and hotel projects, including the country’s premier township Eastwood City Cyberpark in Metro Manila, the upcoming Mactan Newtown project in Lapu-Lapu City, Cebu, and the Davao Park District project in Lanang, Davao City, his group’s first township in Mindanao that is being positioned to become the city’s premier central business district.
The presentation of his award will take place at the Philippines Property Awards 2014 exclusive gala dinner at the Raffles & Fairmont Makati on 29 July 2014.