Stock News 2012: Alliance Global unit hits record sales in Q1

The property group of tycoon Andrew Tan’s Alliance Global Group Inc. (AGI) is off to a strong start, with reservation sales growing 52 percent in the first quarter to a record P16.4 billion.

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

Related articles

• Alliance Global reports 2011 net profit of P14.7 B (business.inquirer.net)
• Megaworld 2011 profit up 60% to P8.03B (business.inquirer.net)
• Andrew Tan acquire's global liquor giant's Laguna plant (business.inquirer.net)
• Megaworld sets P25B capital spending this year (business.inquirer.net)
• Megaworld nets P8B in 2011 (business.inquirer.net)
• SunTrust Names Jim Jenkins National Sales Manager for Equipment Finance and Leasing Unit (prweb.com)

Stock News 2011: Filinvest City introduces California lifestyle

Image via Wikipedia
Californians are known for living the best of both worlds; they enjoy a laid-back, leisurely lifestyle amid the excitement of a cosmopolitan hub. The skyscrapers of Los Angeles and San Francisco complement the sand and surf where residents can unwind.

The Levels of Filinvest Land, Inc. takes inspiration from this popular West Coast state by offering a relaxed suburban living inside the fast-paced business district of Filinvest Corporate City.

The Filinvest Corporate City (FCC) is a masterplanned urban center and central business district sprawled over 244 hectares of land south of Metro Manila. It accommodates an impressive mix of residential, commercial and business establishments, providing round-the-clock amenities within a self-sustaining community.

According to FLI cluster head and senior vice president Francis Ceballos: “The Levels is a perfect residential sanctuary for career-driven individuals who aspire to achieve a balance between professional success and blissful personal life. It allows them to build a career while raising a family or indulging in their passions every single day.”

With FCC at the junction of four major roads, namely: Alabang-Zapote Road, the South Luzon Expressway, the National Highway, and the Skyway, The Levels becomes an enviable home for families with members working in Makati or at CALABARZON industrial and techno zones. In fact, it is an easy half-hour drive from the Makati CBD while situated at the forefront of the country’s next growth region – the South Luzon area.

http://mb.com.ph/node/325756/filinve