EEI Realty Corporation is a 100% owned subsidiary of EEI Corporation, one of the Philippine’s leading construction companies involved in general construction, high-rise buildings, electromechanical works and heavy infrastructure, e.g., power plants, dams, light rail systems, elevated highways and expressways, steel fabrication, water distribution and mining operations.
For CY 2016, total revenues for EEI Realty Corporation amounted to P19.778MM. There were twenty six (26) socialized housing units in Royal Parks @ Grosvenor Place with HDMF/PAGIbig take-out, generating proceeds amounting to P10.855MM. Two (2) housing units in Suburbia East (Marikina City) were also booked as sold for a total of P8.923MM. Total revenues generated in CY 2016 was 146% higher than that of the previous year.
Interest income generated from Suburbia East buyers availing of in-house financing reached P3.618MM while income in the form marketing commissions on the sale of EEI Corporation owned real estate, rental proceeds and other miscellaneous income amounted to P 2.859MM.
EEI Realty Corporation also managed the sale of five (5) condominium unit and five (5) parking slots at Fairways Tower for P30.19MM. In Manggahan Village, there was one (1) condominium unit and four (4) parking spaces sold to EEI Corporation & Subsidiaries employees totaling P 4.60MM.
EEI Realty Corporation also continued to render property management services for EEI Corporation in leasing out condominium units at Kingswood Condominium in Makati and Robinsons Place Residences in Ermita, Manila and in marketing other condominium units at Fairways Tower, Ft. Bonifacio Global City. Marketing assistance was also provided to EEI Corporation in selling 167 lots in Golden Haven Memorial Park, Las Piñas City and in offering its 39.15 hectare landholding in Bgy. Mataas na Bayan, Lemery Batangas to potential buyers looking for a good-sized industrial property.
EEI Realty Corporation will be taking a lead role in building socialized and low-cost housing units in its joint venture development with Robinsons Homes, Inc. in Cavite. During the next two years, EEI Realty Corporation will complete the construction of 200 housing units in the Royal Parks at Grosvenor Place residential village in Tanza, Cavite.
EEI Realty Corporation (EEIR) is the property management and real estate arm of EEI Corporation.
EEI Realty Corporation
No. 12 Manggahan St. Bagumbayan, Quezon City Philippines 1110
Telefax: (632) 634-7192