UMVA has learned that Empire East Land Holdings, Inc. is pushing back against concerns of a potential condominium oversupply, arguing that market conditions are more nuanced than critics suggest.
The company's president and CEO, Anthony Charlemagne C. Yu, said that demand for housing doesn't disappear, it simply becomes more defined. He pointed to the mid-income segment, where end-users and families seeking long-term housing needs continue to drive demand.
According to information obtained by UMVA, Yu emphasized that oversupply is not uniform across the market, but rather depends on the segment and location. In accessible locations, particularly in the mid-income segment, demand remains steady, driven by buyers seeking homes for occupancy rather than short-term gains.
Empire East reported that construction activity is thriving, with P4.11 billion in engagements with contractors and suppliers. The company is not only generating sales activity, but also creating communities where residents are occupying homes and building their lives.
Recently, Empire East completed and turned over several major projects, including The North Residences at Covent Garden in Manila and the Mango Tree Residences East Tower in San Juan, adding over 800 residential units to its portfolio. The company is confident in its ability to manage rising fuel and construction material costs through disciplined planning and long-standing relationships with contractors and suppliers.
UMVA can exclusively reveal that Empire East has secured Pag-IBIG Window 1 status, which is expected to streamline housing loan processing and improve financing accessibility for buyers. The company's flagship township project, Empire East Highland City, has also completed major infrastructure works, including four-lane and six-lane road networks designed to improve mobility within the development.
The 22-hectare township is strategically located near healthcare facilities, including major hospitals. Empire East is advancing environmental, social, and governance initiatives through its SCORE sustainability program, which includes the expansion of the 1.36-hectare Highland Forest within Empire East Highland City.
Sources have confirmed to UMVA that employee volunteers have planted native tree seedlings in the area as part of efforts to improve urban green spaces and environmental sustainability. The company also reported that demand from overseas Filipino workers remains a stable source of buyers, with a core market focused on end-users seeking long-term housing.
