Manila Bulletin

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with com­mer­cial and in­dus­trial lot sales.

Com­mer­cial leas­ing rev­enues grew 8 per­cent to R26.6 bil­lion as its port­fo­lio of malls, of­fices, and ho­tels and re­sorts con­tinue to ex­pand within the Philip­pines.

“We con­tinue to re­shape our busi­ness to achieve a more sus­tain­able level of growth by re­bal­anc­ing our leas­ing and prop­erty devel­op­ment busi­nesses,” said Dy.

He added that, "last year, we launched a good mix of res­i­den­tial and com­mer­cial prop­er­ties in both our es­tab­lished and emerging es­tates. In ad­di­tion, our strat­egy re­mains con­sis­tent – to build sus­tain­able com­mu­ni­ties across the coun­try. And with the gov­ern­ment’s thrust to in­crease spend­ing on in­fra­struc­ture, we also plan to ac­cel­er­ate the devel­op­ment of our es­tates that are closely linked to these projects.”

The com­pany launched R61.5 bil­lion worth of res­i­den­tial and of­fice for sale prod­ucts in 2016. Res­i­den­tial sales grew 3 per­cent to R108.00 bil­lion.

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