Eton Properties Philippines Inc. said it will unveil two residential communities and a new hotel brand in the next two to three years.
Eton currently operates Mini Suites Eton Tower Makati. Kyle Tan, Eton Properties president, told shareholders the company grew its profit to P746 million last year, up 152 percent from P296 million the prior year. Revenues went up12 percent to P2.8 billion from P2.5 billion.
“The two residential communities will boast low to medium density, emphasizing on spaciousness and comfort for residents, and will be located in the most prime locations within Metro Manila,” Eton Properties said.
Tan in his president’s report said all of the company’s office spaces made a healthy outlook last year, closing approximately 136,429 square meters. More stores were opened last year in the four-hectare commercial property, Eton City Square, inside the 600-hectare Eton City in Sta. Rosa, Laguna.
“As the market regains confidence influenced by economic stability and strong consumer spending, we are expecting to open up more stores across all commercial properties and retail districts this year,” said Tan.
“Looking ahead, we aim to evaluate opportunities in Eton City, explore join ventures in real estate, and launch new projects in the Visayas region to sustain growth and create value for stakeholders,” he added.
