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Anchor Land building five projects this year

By Jennifer Ambanta | Posted on Jul. 29, 2013 at 12:01am | ]
Property developer Anchor Land Holdings Inc. said it will launch five new projects this year, including three residential developments with sales value of P15 billion.
Anchor Land vice chairman Steve Li said in an interview following the annual stockholders’ meeting that one of the three residential projects to be launched this year is the Monarch Parksuites, a four-tower high-rise structure that may generate P11 billion in revenues.
Monarch Parksuites, located between the Mall of Asia complex and Pagcor Entertainment City, will have two towers dedicated to bigger, multiple-room units that will cater to executives and expatriates, who are expected to flock to hotels and casinos in the area. The two towers will also offer medium-sized residential condominium units.
The whole project will offer 1,500 units, costing between P3 million and P20 million.
The two other residential projects that will break ground this year are the 39-storey Oxford Parksuites offering 210 units and another 39-storey Princeview Parksuites offering 180 units. Both towers are located in Binondo, Manila.  The selling price of the units range from P4 million to P12 million.
Anchor Land said it would construct two commercial developments offering warehousing facilities.

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