By Jennifer
Ambanta | Posted on Jul. 29, 2013 at 12:01am | manilastandardtoday.com ]
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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