Empire East Land Holdings, Inc. (PSE: ELI), a company that builds homes and residential buildings in Metro Manila, recently shared how they’re dealing with rising construction costs – a challenge that’s affecting the entire real estate industry.
According to a disclosure filed with the Securities and Exchange Commission on June 9, 2026, the company discussed these challenges during its Annual Stockholders’ Meeting.
What’s Causing Construction Costs to Go Up?
Think of it like this: when you want to build a house, you need materials like cement, steel, and wood. You also need trucks to deliver these materials, and workers to put everything together. When things happening around the world – like tensions in the Middle East – make fuel more expensive, it becomes more costly to ship materials and run construction equipment. This is what Empire East is dealing with right now.
The company’s President and CEO, Atty. Anthony Charlemagne C. Yu, acknowledged that “rising construction costs continue to be one of the key challenges across the industry, and global developments inevitably influence the operating environment.”
How is Empire East Managing These Higher Costs?
Even though costs are going up, Empire East says the impact hasn’t been too severe because they’ve been smart about how they handle their business. Here’s what they’re doing:
1. Planning Ahead
Instead of rushing, Empire East plans their projects carefully with a long-term view. They break down big projects into smaller phases, which helps them schedule construction work wisely without sacrificing quality.
2. Good Relationships with Suppliers
Imagine if you always buy snacks from the same store and become friends with the owner – they might give you better deals. That’s similar to what Empire East does. They’ve built strong, long-lasting relationships with contractors and suppliers over many years, which helps them negotiate better prices and avoid sudden cost increases.
3. Working Smarter
The company uses something called “value engineering” – a fancy term that means they find smarter ways to build without lowering quality. They improve how they design buildings, make construction work more efficient, and use their resources better.
Why This Matters for Homebuyers
Empire East focuses on building homes for middle-income Filipino families – people who want quality homes at prices they can afford. Even with rising costs, the company says it’s working hard to keep its housing products accessible and affordable.
About Empire East
Empire East Land Holdings, Inc. has been building residential communities in Metro Manila and surrounding areas for over 30 years. The company is a subsidiary of Megaworld Corporation and part of the Alliance Global Group. As of the report date, Empire East has 14,676,199,167 outstanding common shares.
The company emphasized that while global uncertainties might continue creating challenges in the short term, they’re confident their careful planning, smart financial management, and strong partnerships will help them continue delivering quality housing projects to Filipino families.
Source: Empire East Land Holdings, Inc. SEC Form 17-C filed June 9, 2026
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.
