Real estate developer Empire East has once again gathered their company’s investors in the Annual Stockholders’ Meeting on June 13, Wednesday, at the Eastwood Richmonde Hotel; led by the company’s President and CEO Atty. Anthony Charlemagne C. Yu, together with the Board of Directors: Chairman of the Board Andrew L. Tan, Director and Senior Vice President Evelyn G. Cacho, Directors Kevin Andrew L. Tan and Enrique Santos L. Sy; and Independent Directors Cresencio P. Aquino and Alejo L. Villanueva, Jr,
Empire East shared that the company is set to launch about 1,900 residential units this year, to be marketed under the Empire East Elite brand in their projects The Paddington Place and Kasara Urban Resort Residences. With the growing demand of Empire East’s luxurious properties, the company’s sales have continued to grow to P4.25 billion from last year’s P4.12 billion.
Elite brand The Paddington Place offers penthouse units and fewer number of units per floor to preserve privacy and offer a more upscale lifestyle. It will also soon open “The Pad”, a two-storey lifestyle mall that will be managed by the Megaworld Lifestyle Malls. Tower 1 of The Paddington Place in Shaw Boulevard, Mandaluyong, which has 645 units, is now 71 percent sold.
While, Kasara Urban Resort Residences in Pasig City have reached a 74 percent sales mark. This six-tower project continues to move forward in terms of construction. Having an 80 to 90 percent completion for the Towers 1 and 2, Kasara’s construction for Towers 3 and 4 is now underway.
President and CEO Anthony Charlemagne C. Yu assures, “The company is not only stable, it also continues to be very strong and continues to be the leader in the middle-income sector of the market.”
Empire East is set to complete and turn over about 5 to 7 towers this year.