Empire East Land Holdings, Inc. (PSE: ELI) shared an update about how Filipino workers living abroad continue to buy homes in the Philippines, even as the world economy faces uncertain times.
According to a disclosure filed with the Securities and Exchange Commission on June 9, 2026, the real estate company explained during its Annual Stockholders’ Meeting that Overseas Filipino Workers (OFWs) remain an important group of home buyers for the Philippine property market.
What’s Happening with OFW Home Buyers?
Think of OFWs as Filipinos working in other countries who want to own a home back in the Philippines. Empire East says these buyers are still very interested in buying properties, though they’re now taking more time to choose the right home.
Company President and CEO Atty. Anthony Charlemagne C. Yu explained that while economic problems in some countries might make OFWs take longer to decide, they still want to own homes in the Philippines for their families.
“OFWs continue to represent an important and resilient segment of the Philippine real estate market,” Yu said, according to the company’s press release.
How OFW Buying Behavior is Changing
Empire East noticed that OFW buyers are now shopping differently than before. Instead of buying properties just to sell them later for profit (what adults call “investment”), many OFWs now look for homes that:
- Their families can actually live in
- Are easy to reach and travel to
- Offer good value for long-term use
- Can be used when they retire and return to the Philippines
This change fits well with Empire East’s business model, which focuses on building affordable homes for middle-income families rather than expensive luxury properties.
What About Too Many Condos?
Some people worry that there are too many condominium buildings being built in Metro Manila. Empire East addressed this concern by explaining that “oversupply” (having too many units) doesn’t happen everywhere equally.
Yu clarified that in the mid-income segment—where Empire East operates—and in locations that are easy to reach, people still want to buy homes. The important thing, he said, is matching the right price, location, and type of property with what buyers can actually afford.
The company added that projects focused on people who will actually live in the units (not just investors) tend to perform better because real families need real homes.
About Empire East
Empire East Land Holdings, Inc. is a Philippine real estate developer that builds residential communities for middle-income Filipino families. The company has 14,676,199,167 common shares outstanding as of the filing date.
The developer focuses on creating communities in key areas across Metro Manila and nearby cities, emphasizing accessibility and long-term value for Filipino families. Empire East is headquartered at The Paddington Place in Mandaluyong City.
This article is based on a disclosure filed by Empire East Land Holdings, Inc. with the Securities and Exchange Commission on 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.
