Empire East Land Holdings, Inc. (PSE: ELI) is sticking to its plan of building homes for middle-income Filipino families, as the company sees more people buying houses to actually live in them, rather than just as investments.
According to a disclosure filed with the Philippine Stock Exchange on June 9, 2026, the real estate company shared its direction during its Annual Stockholders’ Meeting held on the same day.
What’s Happening in the Housing Market?
Empire East President and CEO Atty. Anthony Charlemagne C. Yu explained that the real estate market is changing. In simple terms, fewer people are buying properties just to resell them for profit (what’s called “investment activity”). Instead, more people are buying homes because they actually want to live in them with their families.
“As portions of the industry recalibrated, particularly those driven largely by investment activity, a clearer direction emerged. Demand is increasingly anchored on end-users—homebuyers purchasing not for speculation, but for long-term living,” Yu said during the meeting.
This means that developers like Empire East, who build affordable homes for regular families rather than luxury properties for investors, are in a good position.
Why Empire East Feels Confident
Empire East builds condominiums and residential communities mainly for middle-income earners—families who aren’t super rich but aren’t struggling either. Think of teachers, nurses, office workers, and small business owners who want a decent place to call home.
Yu said this market segment remains “steady, resilient, and sustainable” even when other parts of the property market face challenges.
The company measures its success not just by how many units it sells, but by how many people are actually moving in and building their lives in these communities. “We are seeing not only sales activity, but communities actively taking shape—homes being occupied, neighborhoods becoming established, and residents building their lives within the environments we create,” Yu explained.
How Did Empire East Perform in 2025?
For 2025, Empire East reported revenues of ₱5.39 billion. The company also spent more than ₱4.11 billion working with contractors and suppliers to keep building new projects.
During the year, Empire East completed and turned over two major projects:
- The North Residences at Covent Garden in Manila
- The East Tower of Mango Tree Residences in San Juan
These two projects added more than 800 completed condominium units that new homeowners could move into.
What Projects Are Currently Being Built?
Empire East is actively working on several residential developments across Metro Manila, including:
- Pioneer Woodlands in Mandaluyong
- The Paddington Place in Mandaluyong
- Kasara Urban Resort Residences in Pasig
- Empire East Highland City, the company’s flagship township project
Making Homes More Affordable
The company also achieved Pag-IBIG Window 1 status, which is good news for Filipino homebuyers. In simple terms, this means it’s now easier for people to get home loans from Pag-IBIG (the government housing fund) to buy Empire East properties. This helps more families afford to buy their own homes.
About Empire East
Empire East Land Holdings, Inc. has been building homes for Filipino families for over three decades (more than 30 years). The company is a subsidiary of Megaworld Corporation and part of the Alliance Global Group, one of the country’s large business conglomerates.
The company operates in Metro Manila and nearby areas, focusing on creating communities that are easy to reach, affordable, and designed for long-term living.
As of the disclosure date, Empire East has 14,676,199,167 common shares outstanding.
“The market is becoming more selective. So are we,” Yu added. “We will continue to build where demand is real, operate with prudence and discipline, and deliver on our commitments.”
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
