EMPIRE East Land Holdings Inc. is looking at P25 billion in capital expenditures over the next five years as it continues its expansion in the mid-cost housing market following a robust performance in 2023.Anthony Charlemagne Yu, president and chief executive officer of Empire East, told stockholders on Tuesday that reservation sales rose 41 percent year on year to nearly P24 billion in 2023.Majority owned by Megaworld Corp.
'To manage risks and uncertainties, it is crucial to diversify investments across various property types and geographic locations. Maintaining a strong financial foundation with adequate liquidity ensures we are well-prepared to handle unexpected events.
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