Posted May 4th, 2012 by Jenniffer B.
Austria
[ manilastandardtoday.com ].
Conglomerate Alliance Global Group
Inc. of tycoon Andrew Tan expects four real estate companies to post a combined
P55 billion in reservation sales in 2012, up 49 percent from P37 billion in
2011.
Alliance Global’s four real estate
firms are Megaworld Corp., Empire East Land Holdings Inc., Suntrust Properties
Inc. and Global-Estate Resorts Inc. Each caters to niche markets ranging from
the luxury, middle-income and affordable home sectors to the vacation homes
segment.
Alliance Global said in a disclosure
to the stock exchange it was confident about the property sector after its
units posted a record P16.4 billion in reservation sales in the first quarter
of 2012, up 52 percent on year.
“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.
(Published in the Manila Standard
Today newspaper on /2012/May/04)
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