Author: siamese401

Returning property developer Philippine Realty and Holdings Corp. (PhilRealty) said it has a new president and chief executive officer effective Aug. 1, 2014 to replace retiring Amador Bacani.

 

Andrew Alcid, who has a 25-year experience in financial services, will now lead PhilRealty while Bacani will remain as member of the property developer’s board of directors.

 

Read more about it here:
http://www.tribune.net.ph/business/philrealty-names-new-president-ceo

Philippine Realty and Holdings Corp (PhilRealty), one of property firms that went under in the aftermath of the Asian financial crisis the late 1990s, has a new chief executive officer. In a statement, PhilRealty said Andrew D. Alcid has been appointed to replace Amador C. Bacani who retires on July 31.

PHILIPPINE Realty and Holdings Corp. (Philrealty), a developer that recently emerged from corporate rehabilitation, has named a former banker as its new president and chief executive officer (CEO).

Andrew Alcid, former Citibanker, has been appointed to lead the company starting on August 1, replacing Amador Bacani, who will step down after serving Philrealty for over 20 years.

Continue reading “Philrealty names new president”

Philippine Realty & Holdings Corp. (PhilRealty), the developer of Philippine Stock Exchange Center and The Alexandra complex at Ortigas, has reported an P11-million total comprehensive income as of the quarter ending March 31, 2014 on revenues of P51.8 million, compared to a P14.2 million loss on P98.4 million of revenues during the same period last year.

 

FIRST-quarter earnings results from two listed property developers — Philippine Realty & Holdings Corp. (PhilRealty) and 8990 Holdings, Inc. — were mixed, their separate filings with the stock exchange showed.

 

Read more about it here:
http://www.bworldonline.com/content.php?section=Corporate&title=PhilRealty-widens-net-loss,-8990-boosts-earnings&id=87527

Continue reading “SkyVillas Set to Open in New Manila”

Luxe living and sophisticated spaces aren’t usually associated with condo life. Cramped spaces with only the bare necessities-this is often what condo living in Metro Manila is about. Sky Villas at Balete Drive, New Manila seeks to change all that.

Here are a few things to love about Sky Villas at One Balete:

1. It is developed by a real estate pioneer in the country.

Philippine Realty and Holdings Corporation (PhilRealty) has been in the business of land development for over 30 years. The company has been a key player during the height of the development boom in Ortigas Center in the ’80s and ’90s, and was responsible for innovative landmark projects, such as the Philippine Stock Exchange Centre (the Tektite Towers), The Alexandra, La Isla, and The Alexis, among many others. PhilRealty pioneered the concept of home replacement here in the Philippines-the concept of vertical living within urban communities.

2. The units have so much space.

All units have an approximate size of 205 square meters. Each one is a three-bedroom unit and has a floor-to-ceiling height of up to 3.1 meters with full-height windows per room. Bedrooms have ample closet space and cooking in the kitchen doesn’t have to be a one-person affair, either, as it has a separate service area.

3. There are only 4 units for each floor.

You don’t need to worry about waiting long for the elevators: each floor will only house 4 units, thus, giving each homeowner the most comfortable and intimate living community they deserve.

4. The units are semi-furnished with top-of-the-line fixtures

All units are furnished with an air conditioning system. Bedrooms are equipped with Canadian Cabinets while bathrooms use fixtures by Kohler and Grohe. You can also look forward to rediscovering your passion for food and cooking, with a fully fitted, full-ceiling height cabinetry and SMEG appliances waiting for you at the kitchen.

5. The city views will be quite spectacular.

The units all have verandas from their bedrooms and living areas where they can enjoy city views worth coming home to.

6. Sky Villas at One Balete is in the middle of everything.

Located at the corner of N. Domingo and Balete Drive in New Manila, Sky Villas is just a few blocks away from a hospital and a church.  It’s also near a shopping center, a deli, and a grocery for impromptu necessity runs and movie dates. Novelty restaurants also surround the property, making Sky Villas the most elegant address in New Manila.

7. The amenities will make staying-in more enjoyable.

Sky Villa homeowners will also enjoy amenities like a fitness gym, a business lounge and library, a meeting room, and a swimming pool-luxuries they can experience in their new home.

 

Philrealty Holdings Corp., said it will need P700 million more to complete the second tower of its P25-billion project Andrea North.  The company in a regulatory filing said the Sky Villas Tower of Andrea North is on schedule to be completed by the first half of 2016.

 

Property developer Philippine Realty Holdings Corp. has made plans for a big comeback in the property market after its exit from a 12-year court-assisted rehabilitation, becoming the first publicly listed company to graduate from court receivership in the aftermath of the Asian financial crisis.

To mark its return to the property market, Philrealty unveiled a P10-billion investment over the next 10 years in upscale residential development Andrea North in Quezon City. In line with this, the company launched Sky Villas Tower, the second phase of its five-tower, two-hectare Andrew North project, which is expected to create about P25 billion worth of property inventory in the next decade.