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Located at La Torre St. corner Masangkay and Benavides Sts., Tondo, Manila. There will be 210 units with sizes ranging from studio (37.4 sq.m.) up to 3br (127-149 sq.m.)
 
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Anchor Land to raise capital to P3.6B

by Zinnia B. Dela Peña | The Philippine Star | Sunday | Updated June 17, 2012 | 12:00 AM

MANILA, Philippines - Anchor Land Holdings Inc. has secured the Securities and Exchange Commission’s approval to raise its authorized capital to P3.6 billion from P2.3 billion.

The capital hike is intended to support the 100-percent stock dividend declaration made by the company. Entitled to receive dividends are stockholders of record as of June 28. The payment date has yet to be fixed by the company,

Out of the P1.3-billion increase in capital, 346.67 million shares with a par value of P1 will be used to cover the stock dividends.

Anchor Land closed at P39.45 each share Friday, down 1.25 percent from P39.95 Thursday.

Anchor Land is eyeing a net income of P1 billion this year on the back of new product launches.

To achieve its goal, the company has set its capital spending at P4.5 billion to roll out six new residential projects and/or expansion phases as well as to shore up its land bank.

Among its new projects are Oxford Parksuites, Clairemont Hills, Admiral Baysuites II, SoleMare Parksuites phase III, One Executive Suites and One Soler.

Hoping to duplicate the success of Wharton Park Suites located in Chinatown’s “university belt”, the company is building another residential condominium to be called Oxford Parksuites.

Also in the pipeline is a three-story townhomes and medium-rise condominium project in San Juan City to be called Clairemont Hills.

Anchor Land will also redevelop a prime property near its Admiral Hotel redevelopment project along Roxas Blvd., into a premium commercial office building.

To beef up its retail portfolio, Anchor Land is building One Soler, an 18-story commercial center in the Divisoria area.

Source: http://www.philstar.com/Article.aspx?articleId=817923&publicationSubCategoryId=66
 

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Located at La Torre St. corner Masangkay and Benavides Sts., Tondo, Manila. There will be 210 units with sizes ranging from studio (37.4 sq.m.) up to 3br (127-149 sq.m.)
nice render ... so, this is located on the same narrow street La Torre where Wharton Parksuites is being constructed, right..?
 

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That part of Tondo-Sta. Cruz area is becoming higher and denser. Manila is a huge skyline city in the making having its northern and southern parts busy with construction.
 

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Anchor spearheads Binondo redevelopment

Details Published on Friday | 29 June 2012 | 02:00

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 Filipno-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 vice-chairman, said there is a need to craft a comprehensive redevelopment plan for the entire Binondo area.

“For one, the roads are narrow,” Li said.

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 Executive 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.

Source: http://www.malaya.com.ph/index.php/business/business-news/7425-anchor-spearheads-binondo-redevelopment
 

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Discussion Starter · #10 ·




 

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Ilan po ang total floor area ng 8th floor, yung para sa amenities. Hindi po kaya kulang ang space na ito para sa iba pang recreational facilities?
 

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Discussion Starter · #16 ·
Masangkay is not a narrow street. It's only made narrow due to both sides parking. And traffic is only bad in those areas during school days particularly early morning and dismissals. Also when there is sunday mass. Other than that, traffic is generally light. But after the completion of both wharton and oxford plus another big project that will soon be launched in that area, traffic might worsen. Which is precisely why forward-looking parents who want to give their kids the best elementary and high school education look into and ultimately invest in these projects as their second home so they dont have to worry about the traffic and dont have to worry about the kids going home late when there are school activities, which is a boon to both the parents and the kids.
 

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Scale model at the Oxford Parksuites showroom (located at Masangkay cor. La Torre Sts.)
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Model unit of the studio (Unit G)
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The showroom is expected to be demolished in a few months, since groundbreaking is tentatively scheduled on the mid-latter part of the year.
 
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