Given a buoyant property market and a low interest rate regime, AGI said it is optimistic growth will continue for the rest of the year with reservation sales seen hitting P55 billion or an increase of 48.6 percent from the P37 billion recorded in 2011.
The group sells real estate products under Megaworld Corp., Empire East Land Holdings Inc., Suntrust Properties Inc. and Global-Estate Resorts Inc. (GERI). Each of the companies caters to niche markets ranging from the luxury, middle-income and affordable home sectors to the vacation homes segment.
Megaworld, one of the country’s leading residential condominium developers and the largest BPO office developer and landlord, showcases a variety of township projects all over Metro Manila. Each of these live-work-play-learn-shop communities, including Eastwood City, Newport City, McKinley Hill, Manhattan Garden City and Uptown Bonifacio, offers at least 500,000 square meters of residential space and 200,000 square meters of BPO office space.
“Megaworld’s strong performance for the first quarter of this year can be attributed to superior product offerings that address on a large scale the Filipinos’ need for quality, affordable homes in the very best locations,” said Megaworld senior vice-president for marketing Noli Hernandez.
Sales of Empire East and Suntrust, AGI’s middle-income and affordable housing brands, respectively, came from the strong marketing of the companies’ multi-tower condominium developments in the metro and sprawling residential communities in the Calabarzon.
http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=803330
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