Anchor Land surges ahead with upscale property projects
Brimming with the right fundamentals, the Philippines' property market sits on a sweet spot. The country is among Southeast Asia's fastest-growing economies with a forecast growth of 6.3 per cent this year, making it a favoured location for multinationals and outsourcing companies.
Brimming with the right fundamentals, the Philippines' property market sits on a sweet spot. The country is among Southeast Asia's fastest-growing economies with a forecast growth of 6.3 per cent this year, making it a favoured location for multinationals and outsourcing companies.
In Asia, it has the lowest rental rate and the highest prime office yields averaging at 10 per cent. In this year's Emerging Trends in Real Estate Asia-Pacific survey published by the Urban Land Institute and PwC, the Philippines' capital region of Metro Manila ranks eighth out of 22 regional markets for investment and development prospects.
Among the country's prime real estate locations is Binondo, a bustling commercial enclave and home to wholesale and retail suppliers in the city of Manila. Behind its Arch of Goodwill that heralds arriving visitors, a trove of historic buildings, commercial sites and modern structures line its busy streets. Many major establishments run by Filipino-Chinese magnates trace their humble beginnings to Binondo, which also serves as a gateway for overseas Chinese seeking business opportunities in the country and the epicentre of China's link to the Philippines.
Anchor Land (ALHI), one of the foremost real estate developers in the Philippines, carries on its mission of transforming Binondo's cityscape. With a discerning eye for fresh opportunities, the company foresaw an imminent demand for luxury condominiums in Binondo when it still had predominantly low- and medium-rise apartments. "When we started, most of the developers were concentrated on key business districts. To us, Binondo is an untapped market with a strong financial background," says Steve Li, CEO. "While everyone stepped back, we stepped forward."
Anchored by 100 per cent commitment
A fast-growing industry player, ALHI is a publicly-listed company specialising in the development of high-end residential condominiums. It mainly serves the Filipino-Chinese business elite, with a growing clientele of foreign investors. ALHI promises 100 per cent hands-on involvement and a commitment to quality every step of the way.
