July 3, 2013
8:03 pm [ manilatimes.net ]
by Madelaine
B. Miraflor Reporter
For this
year, upscale property developer Anchor Land Holdings Inc. is expecting to
breach its 2012 record profit as it plans to invest further in its after-sales
services.
Anchor Land
wrapped 2012 with P1.03-billion net income, which is the first time the listed
firm saw its earnings breaching the P1-billion level. The company also saw a
13-percent growth in its net income for the first quarter of 2013.
The company
is expecting to surpass the P1.03-billion net income it posted in 2012,” Anchor
Land said in a statement on Wednesday.
Anchor Land
President Elizabeth Ventura said that in order for the firm to register another
record profit this year, the company it jack up its investment in after-sales
services.
“This is
executed mainly through a network of departments and subsidiaries that work
together to ensure that all of our clients’ requirements are met, more so after
the turnover of their units,” she added.
The property
developer recently formed a leasing and asset management group, which allows
homeowners to enroll their units to the pool of properties being leased out by
the group to interested tenants, given the strong rental demand for Anchor
Land’s residential condominiums.
Anchor Land
also has a separate company, Momentum Properties Management Corp., which
handles its property management functions.
This wholly
owned subsidiary offers services on contracts management, general building
administration, lease management, estate management, parking, security and
safety management, among other functions.
Anchor Land’s
current projects include Admiral Baysuites, a luxury boutique hotel and
residential development rising in Roxas Boulevard, and the P11-billion
development Monarch
Parksuites located at the Asean Business Park in Parañaque City.
For this
year, the company has earmarked a P5-billion capex, which is 11 percent higher
than the P4.5 billion it has spent in 2012.
This,
according to Anchor Land, will be used mainly to develop follow-up projects of
its existing developments.
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