Monarch ParkSuites

This 18-storey residential condominium is strategically located in between the SM Mall of Asia Complex, Aseana City, and the soon-to-rise Pagcor Entertainment City—the country’s future mecca for entertainment, shopping and gaming.

In Monarch Parksuites, Anchor Land Holdings, Inc. created an atmosphere of opulence and comfort. Reminiscent of century-old castles, the building’s classic Dutch architecture is highlighted against the radiant waters of the bay, creating a breathtaking vision as one approaches the property.

The property has four towers. Two of the towers have fully-fitted, one to three bedroom units that either have a balcony or a garden. Those who want to express their own personalities best choose a unit in these two towers as they offer the most freedom to fix up your unit just the way you like it. The other two towers, on the other hand, offer fully furnished, practical, hotel type, one-bedroom units.

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Building & Development Perspective

Anchor Land unveils P11B 4-tower condo project

By: Doris C. Dumlao
Philippine Daily Inquirer 
6:59 pm | Thursday, June 28th, 2012

MANILA, Philippines—Upscale property developer Anchor Land Holdings Inc. plans to roll out this year its biggest residential project to date—an P11-billion four-tower residential development at the ASEANA business park in Parañaque City, seen catering to the “multinational” community.

In a press briefing after the company’s stockholders’ meeting on Thursday, Anchor Land vice chairman Steve Li said the project, Monarch Parksuites, would offer to the public the first two towers this year comprising about 750 residential units.

The four-tower development is expected to be completed in five to six years, rising on a 1.9-hectare property acquired by the company adjacent to its SoleMare Parksuites. The first building is expected to be completed in the next four years.

Unlike the company’s previous projects that usually catered to a niche Filipino-Chinese community, Li said this new project would cater to the “multinational” community, citing an increase in demand from foreigners to invest in quality residences in the Philippines.

The project is the third phase of Anchor Land’s coastal mixed-use development along the scenic Manila Bay. It will feature more open spaces, bigger amenities and garden areas.

Monarch Parksuites will offer residential units with living space of between 25 and 130 square meters that will sell for between P90,000 and P120,000 per square meter.

Li said Anchor Land has diversified its market base and trimmed the share of business from its bailiwick Filipino-Chinese community to 60 percent from 89 percent previously.

Meanwhile, Li said the company was also on track to meet its net profit target of P1 billion for 2012. It booked a net income of P841.7 million in 2011, up by 49 percent from a year ago.