Robinsons Land to put up 3rd condo building in
Global City
An article published in The
Philippine Star, December 16, 2006
By: Zinnia B. Dela Peņa
Robinsons Land Corp., the property arm of the Gokongwei's JG Summit
Holdings Inc., will build its third residential Condominium building in the
burgeoning Bonifacio Global City due to the strong demand for its projects
from overseas Filipino workers and other investors as well.
The project, named Fort Residences , involves the construction of a
28-storey modern residential tower that will have flat and loft-type units.
RLC executive vice-president Frederick Go said the flat concept is a
time-tested product that caters specifically to the balikbayans and
Filipino-American retirees due to the living convenience and freedom of a
one level setting.
The cost of each units ranges between P3.4 million to P12 million.
Fort Residences is located in the Padre Burgos Circle , a very strategic and
prime location close to Manila Golf, Fort Strip , Market! Market! and
world-class healthcare and international schools.
The first two projects of the company, Fifth Avenue Place and Mckinley Park
Residences, are now sold out.
RLC has earmarked as much as P7 billion this year for the development of new
malls, office buildings for business process outsourcing firms, residential
projects, and landbanking activities. Of this amount, P3.5 billion will go
to the construction of residential and office buildings while P2 billion has
been set aside for acquisition of properties for future development.
The company is building seven new malls in Davao , Tagaytay, Dumaguete,
Sucat, Manila , Pangasinan, and General Santos. These new malls are expected
to be completed next year or in 2008.
RLC is currentlly completing the redevelopment of a portion of Robinsons
Galleria and Robinsons Ermita.