Listed property firm Anchor Land Holdings, Inc. has announced profit for the first nine months of the year reaching P401 million, 30 percent higher than the P308.6 million reported a year ago.
Consolidated revenues reached P2.05 billion, a 34 percent jump compared to the P1.5 billion last year.
Anchor Land said the increase in revenues in the first nine months is driven by a robust P1.9 billion real estate sales, boosted by a higher number of units sold and higher project completion percentage of its condominium and commercial developments in Metro Manila.
Anchor Land, which established a strong niche in the Filipino-Chinese community and is now aggressively expanding outside of Manila’s Chinatown, said third quarter revenues in 2010 hit P925 million, higher by P371 million compared to the same period last year.
The holding company has already surpassed its full 2009 consolidated revenues of P1.63 billion.
ALHI chairman Stephen Lee Keng said he expects to sustain the company’s growth momentum into next year as the company launches more projects in the fourth quarter of this year and beyond.
"We have additional projects coming to the market, and we are matching these with more aggressive marketing and advertising activities. At the same time, we will continue to deliver all our projects ahead of schedule, as much as possible," he said.
Lee said bulk of Anchor Land’s current revenues came from the bestselling SoleMare Parksuites, a twin 18-storey project at the ASEANA Business Park in Parañaque City under the company’s subsidiary Posh Properties Development Corp. (PPDC), and the 39-storey Wharton Parksuites project along Masangkay Street in Binondo under its subsidiary Manila Towers Development Corp. (MTDC).
Anchor Land recently introduced the second phase of SoleMare Parksuites which is another twin 18-storey development beside the original property, and is expected to sustain robust buyer interest in the Bay City area where Anchor Land is a pioneer developer.
Early this year, the company started construction of the 39-storey Wharton Parksuites along Masangkay Street in Binondo, which caters mainly to those who send their children to prominent Chinese learning institutions in the district.
The company likewise started the development of its signature project in Chinatown, the Anchor Skysuites, which at 56-storeys high is projected to become the tallest building in the city of Manila and in all Chinatowns around the world.
Construction of the landmark project is in full swing, and units are scheduled for turnover by 2014. The project is being undertaken by ALHI subsidiary Gotamco Realty Corp.
Another subsidiary, Admiral Realty Corporation, will redevelop the Admiral Hotel in Manila into a European-inspired boutique hotel with white gloved service that will redefine luxury in the Roxas Boulevard area.
Behind the hotel will rise a 53-storey luxury residential condominium that features units of up to 1,000 square meters in size with their own private swimming pool.
Unit owners at Admiral Baysuites will have access to all the facilities and services of the boutique hotel, including room service and housekeeping. In addition, the condominium tower will have its own set of amenities like cigar rooms, 25-meter lap pools, as well as fitness and recreation facilities, among others.
Anchor Land has completed and fully leased out all the stalls in its first commercial development, the One Shopping Center along Kapitan Ambo Street in Pasay City, while construction in its Two Shopping Center along Cuneta Avenue, also in Pasay City, is already on the fourth level.
Both shopping centers are also under Posh Properties, and cater to wholesalers doing business in the Baclaran bargain shopping district. They also offer warehousing facilities and hundreds of parking spaces, something that is not easily found in other shopping malls in the area.
Two Shopping Center has five floors of shops and retail spaces while the sixth floor is exclusively for parking, and the seventh and eighth floors are for warehouses. It is targeted for turnover by the 3rd quarter next year and will be the biggest shopping center in Baclaran upon completion.
Another PPDC project in the pipeline is the Clairemont Hills Parksuites, a mixed use development in San Juan City that will be launched early next year.
Anchor Land has completed three luxury condominium projects to date: The 33-storey Lee Tower along Gandara Street in Binondo, the 33-storey Mayfair Tower along UN Avenue in Manila, and the 39-storey Mandarin Square along Ongpin Street (under MTDC), also in Binondo.
For details on Solemare Parksuites, Wharton Parksuites and Anchor Skysuites, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insights, 07 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Wednesday, December 8, 2010
Sunday, September 5, 2010
Anchor Land searches for architect to recreate Admiral Hotel
Manila’s love affair with European-style living at the heart of the city has been rekindled when Anchor Land Holdings, Inc. (ALHI) acquired the historic Admiral Hotel from the Lopez-Araneta family in 2009.
ALHI, one of the country’s fastest rising real estate developers, has conceived a high-end condominium to cater to discriminating men and women who appreciate the finer points of luxurious European-style living in sync with fast-paced, modern lifestyles.
The search is on for an architect to recreate a genuine European look and feel from the layout to the smallest detail of this soon-to-rise boutique hotel and condominium along Roxas Boulevard that will cater to an ultra-elite clientele, which Anchor Land calls "the privileged fewer."
Three buildings will comprise the Admiral BaySuites, including the old Admiral Hotel, which will be turned into a boutique hotel while preserving its original structure. Aside from the usual amenities of boutique hotels, Admiral BaySuites will feature first-class intercontinental restaurants to be operated by a top hotel chain, as well as a spa facing the bay to provide the perfect backdrop for relaxation.
Beyond brick and mortar, the one feature that distinguishes between a good and a great living experience is service. To this end, Admiral BaySuites’ boutique hotel patterns its in-house service to the white-gloved touch that historic and reputable European institutions are known the world over.
Right behind the boutique hotel will rise the first of the two 50-storey towers that will house the condominium units and its amenities. Since the old Admiral Hotel in front has eight floors, the residential rooms on Tower 1 will start on the ninth floor. All units facing the bayside will have balconies, guaranteeing a scenic view of Manila Bay.
Tower 1 will house loft-type premier units, each having a total floor area between 600 and 800 sqm. Tower 1 unit owners will enjoy all the privileges that the boutique hotel offers, including hotel-type room service, a yacht service, wine cellar, private and sky lounges, cigar rooms, and a helipad.
Tower 2 will be built behind Tower 1. Residential rooms will likewise start on the ninth floor, and will have balconies for a panoramic view of the city. Tower 2 is a more practical choice for the middle high-class businessmen and professionals seeking the comforts of condominium living and still enjoy a taste of Europe.
With Admiral BaySuites, ALHI aims to meet the wishes of the most discriminating individuals with the capability to savor all that life has to offer, in an atmosphere of utmost exclusivity, privilege and luxury.
The privileged fewer won’t settle for anything less.
For Anchor Land property details, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Malaya, 05 September 2010
For details on the Real Estate Service Act > www.ra9646.com
ALHI, one of the country’s fastest rising real estate developers, has conceived a high-end condominium to cater to discriminating men and women who appreciate the finer points of luxurious European-style living in sync with fast-paced, modern lifestyles.
The search is on for an architect to recreate a genuine European look and feel from the layout to the smallest detail of this soon-to-rise boutique hotel and condominium along Roxas Boulevard that will cater to an ultra-elite clientele, which Anchor Land calls "the privileged fewer."
Three buildings will comprise the Admiral BaySuites, including the old Admiral Hotel, which will be turned into a boutique hotel while preserving its original structure. Aside from the usual amenities of boutique hotels, Admiral BaySuites will feature first-class intercontinental restaurants to be operated by a top hotel chain, as well as a spa facing the bay to provide the perfect backdrop for relaxation.
Beyond brick and mortar, the one feature that distinguishes between a good and a great living experience is service. To this end, Admiral BaySuites’ boutique hotel patterns its in-house service to the white-gloved touch that historic and reputable European institutions are known the world over.
Right behind the boutique hotel will rise the first of the two 50-storey towers that will house the condominium units and its amenities. Since the old Admiral Hotel in front has eight floors, the residential rooms on Tower 1 will start on the ninth floor. All units facing the bayside will have balconies, guaranteeing a scenic view of Manila Bay.
Tower 1 will house loft-type premier units, each having a total floor area between 600 and 800 sqm. Tower 1 unit owners will enjoy all the privileges that the boutique hotel offers, including hotel-type room service, a yacht service, wine cellar, private and sky lounges, cigar rooms, and a helipad.
Tower 2 will be built behind Tower 1. Residential rooms will likewise start on the ninth floor, and will have balconies for a panoramic view of the city. Tower 2 is a more practical choice for the middle high-class businessmen and professionals seeking the comforts of condominium living and still enjoy a taste of Europe.
With Admiral BaySuites, ALHI aims to meet the wishes of the most discriminating individuals with the capability to savor all that life has to offer, in an atmosphere of utmost exclusivity, privilege and luxury.
The privileged fewer won’t settle for anything less.
For Anchor Land property details, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Malaya, 05 September 2010
For details on the Real Estate Service Act > www.ra9646.com
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