Global-Estate Resorts Inc. (GERI) said its net income in the first quarter grew by 37 percent to P566 million from last year’s P412 million, on the back of the sustained recovery of the economy and strong demand for leisure properties. Know more:
Global-Estate Resorts Inc. said its net income in the first quarter grew by 37 percent to P566 million from last year’s P412 million, on the back of the sustained recovery of the economy and strong demand for leisure properties.
“Our strong start to the year raises our confidence that we are on track to hit new heights for GERI. This is also a testament to the quality of our projects and the strength of our brand. Demand continues to grow, and we are committed to capturing new opportunities as we strive to deliver meaningful value to our stakeholders,” GERI President Monica T. Salomon said.
The company saw growing demand for residential and commercial properties in its projects at Boracay Newcoast in Aklan, Eastland Heights in Antipolo, Rizal, Twin Lakes in Laurel, Batangas, Southwoods City in Biñan, Laguna, and Arden Botanical Estate in Trece Martires, Cavite.The project, which was valued at P849 million, was launched in the first quarter. To be completed in 2027, this project is now selling at P255,000 per square meter.
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