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Draft:Empire East Land Holdings

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  • Comment: This draft describes a ROTM company going about its business. I see nothing here that would make this noteworthy in any way. If you wish to tell the world about your company, I suggest you try LinkedIn etc. DoubleGrazing (talk) 06:52, 5 September 2024 (UTC)

Empire East Land Holdings, Inc. (PSE:ELI), also known as Empire East, is a real estate company located in the Philippines. It is a subsidiary of Megaworld Corporation.[1] Previously known as Megaworld's Community Housing Division, before it was spun off and incorporated on July 15, 1994.

Empire East Land Holdings, Inc.
Company typePublic
PSE: ELI
FoundedJuly 15, 1994
FounderAndrew Tan
Key people
Atty. Anthony Charlemagne C. Yu (President and CEO)
ParentMegaworld Corporation
Websitehttps://www.empire-east.com

Developments

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Empire East's developments are centered on the middle-income sector. It has built projects across cities in Metro Manila and CALABARZON.

In Metro Manila:

  • Little Baguio Gardens
  • Governor's Place[2]
  • Kingswood Makati
  • Gilmore Heights
  • San Francisco Gardens
  • Greenhills Garden Square[3]
  • Xavier Hills[4]
  • California Garden Square[5]
  • Cambridge Village
  • San Lorenzo Place[6]
  • Pioneer Woodlands[7]
  • The Rochester
  • Kasara Urban Resort Residences[8]
  • Little Baguio Terraces
  • Covent Garden[9]
  • Mango Tree Residences[10]

In CALABARZON:

  • Laguna BelAir[11]
  • The Sonoma

Upcoming Projects:

  • The Paddington Place
  • Empire East Highland City[12]

Controversies

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Service Issues

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Pioneer Woodlands was featured on ABS-CBN's TV Patrol segment called, calling out the developer for issues surrounding its then pre-selling units.

A Facebook group named "Megaworld Pissed Buyers," comprising hundreds of property owners, has created a petition on Change.org urging Megaworld and Empire East founder Andrew Tan to address numerous issues. These concerns include unfair payment terms, significant delays in the turnover of units, deficiencies in documentation and financing, as well as construction defects, leading to regret among the buyers regarding their property purchases [13].

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California Garden Square, one of the properties developed by Empire East, was involved in a legal dispute with the Meralco subsidiary MPower, which claims that the project has outstanding obligations amounting to P42 million[14]. Kevin Tan, the CEO of Megaworld, refuted claims that the real estate developer owed funds to MPower. He clarified that although Empire East is responsible for the development of California Garden Square, the property has long been under the ownership and management of the California Garden Square Condominium Association (CSGSCAI). [15]

References

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  1. ^ "Annual Report 2023". Megaworld.
  2. ^ "Empire East's innovations through the years". The Philippine Star. June 19, 2017. Retrieved August 13, 2024.
  3. ^ "Greenhills Garden Square: Resort-style living in the city". October 8, 2001. Retrieved August 13, 2024.
  4. ^ "FAMILY-FRIENDLY FUN AT THE XAVIER HILLS Parents are constantly looking for an enjoyable and nurturing environment for their children, a concern that heavily". The Philippine Star. June 17, 2005. Retrieved August 13, 2024.
  5. ^ "LUXURIOUS LOFT LIVING AT CALIFORNIA GARDEN SQUARE". June 3, 2006. Retrieved August 13, 2024.
  6. ^ "Empire East earmarks P700 million for 3 new developments". GMA News. October 14, 2007. Retrieved August 16, 2024.
  7. ^ "Empire East and DATEM together for a fast and quality construction of Pioneer Woodlands". Philippine Daily Inquirer. May 15, 2015. Retrieved August 13, 2024.
  8. ^ "Empire East launches Kasara Tower 3". Philippine Daily Inquirer. September 27, 2013. Retrieved August 13, 2024.
  9. ^ "Covent Garden Condo in Santa Mesa topped off". Philippine Daily Inquirer. February 8, 2019. Retrieved August 13, 2024.
  10. ^ "Empire East launches P10B worth of residential units". Philippine Daily Inquirer. June 16, 2018. Retrieved August 13, 2024.
  11. ^ "Empire East to launch potential bestseller Laguna BelAir III". The Philippine Star. February 7, 2000. Retrieved August 13, 2024.
  12. ^ "Megaworld, Empire East to develop P20-billion township in Cainta". ABS-CBN News. March 11, 2019. Retrieved August 16, 2024.
  13. ^ "Bad investment: Owners of Andrew Tan's Megaworld, Empire East properties bare construction defects, unjust terms". Bilyonaryo. October 24, 2022. Retrieved September 5, 2024.
  14. ^ "Empire East condo owes us P42M, says Meralco unit". Bilyonaryo. November 1, 2022. Retrieved August 16, 2024.
  15. ^ "Developer lang Empire East! Kevin Tan hands off Mandaluyong condo's P42M legal battle with Meralco". Bilyonaryo. November 2, 2024. Retrieved August 16, 2024.
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Official website