Anchor Spearheads Binondo Redevelopment
Malaya Business Insight
Jun 29, 2012

ANCHOR Land Holdings Inc. is spearheading the redevelopment of Binondo, once the country's premier financial district.

Anchor Land - a fast rising property developer in the Philippines which started its business by catering to the needs of Filipino-Chinese communities, particularly those in Binondo - has five ongoing projects in the area and is planning more.

The majority of the company's portfolio of business is located in Binondo. Anchor Land is also in talks with some lot owners to beef up its land bank in Binondo..

Stephen Li, Anchor Land is set to launch this year P15 billion worth of projects whose construction is spread out over the next few years.

The company has allocated a capital expenditure of P11 billion over the next four years. Among these are Monarch Parksuites, Clairemont Hills, Oxford Parksuites, One Soler, and One Executive Suites.

Monarch Parksuites is a four-tower development that will house 1,500 units offering one-, two-, and three-bedroom units with sizes ranging from 37 square meters to 130 sq.m.

Clairemont Hills is a low-density housing development in San Juan featuring three-storey townhomes with a medium-rise condominium at the center.

Oxford Parksuites, meanwhile, is a 39-Storey residential condominium along Masangkay street in Binondo.

One Soler is a new commercial development along Soler and Reina Regente streets within the vicinity of popular discount destination 168. One Soler is a mix of office and retail space that is seen to enhance the shopping experience in the country's oldest commercial and trading centers.

One Exexcutive Suites is a 16-Storey Residential Condominium along Taft Ave. in Baclaran, Pasay City.

Li expressed confidence that it will be able to hit its target of P1 billion profit for the year.