ON THE PATH TO SUSTAINABILITY, RESILIENCY
2019 was indeed another banner year for your company. On top of delivering P4 billion worth of booked sales, which was a 14 percent increase from the previous year that amounted to P3.5 billion, we recorded a 15 percent increase in our net profit to P615,563,311 in 2019. We have likewise completed the construction of seven residential towers. To date, your company holds an aggregate land bank of 427 hectares with a projected P5.1 billion worth of inventories.
...And just like when we pioneered breakthrough lifestyle concepts such as the live-work-play township, micro-city developments, lofttype communities, TOD and urban resorts, we look forward to a promising future where Empire East continues to cater to the needs and aspirations of the Filipino homeowners.
The city living solutions we will provide tomorrow, we anticipate and prepare for today. Your company’s direction is clear. We will take the path leading to more residential developments that embody and promote sustainability and crisis resiliency.
In 2019, Empire East committed together with its affiliates under the Alliance Global Group to meet specific end-goals by 2030 based on the United Nations (UN) Sustainable Development Goals. We shall be laying down plans and platforms that will aim to build sustainable cities and communities, to rely on renewable energy, to lower carbon footprint, create more jobs and empower women in the workplace. With these in mind, your company is driven to continue the creation of sustainable communities that improve the urban lifestyles of aspiring homeowners in Metro Manila.
The two-tower Mango Tree Residences in San Juan City will showcase a high-rise and low-density community filled with “green” features where residents can breathe and feel close to nature in the middle of the bustling metropolis. On the other hand, the four-tower The Paddington Place along Shaw Boulevard in Mandaluyong City, which has shown brisk sales at 72 percent, will let its future dwellers experience premium mobility through a TOD lifestyle and for having its own bi-level community mall complete with basic daily needs.
But the boldest step of your company to take on the sustainable path is the unveiling of its grandest township yet—the 37-tower Empire East Highland City along Felix Avenue at the convergence of Pasig City and Cainta, Rizal. Complete with a spacious green park, a shopping mall, a parish church, a five-star recreation club, wide roads and walkways, and more greeneries and open spaces, the future residents of Empire East Highland City will experience a redefined and upgraded urban lifestyle centered on long-term sustainability and a community that can withstand crises and calamities.
Once again, thank you for being part of our growth, for responding to the times with us, and for straining forward to what lies ahead. Together, we pray for endurance, healing, strength and courage to press on for the benefit of the communities we serve today and in the future.