The time & date in Clark, Philippines is

Anchor Land sets record capital expenditure outlay

Krista Angela M. Montealegre
Tuesday, June 07, 2011

ANCHOR Land Holdings Inc. has programmed a record capital expenditure this year for the construction of its projects and for operating expenses.

Steve Li, Anchor Land vice chairman, told reporters the real estate developer will spend P5.5 billion this year, 83 percent higher than the P3 billion spent last year.

The capex will also cover the acquisition of additional 18,119 square meters of lot from D.M. Wenceslao and Associates Inc. in the Aseana Business Park in Paranaque City, the site of the company’s biggest project to date, the P4-billion SoleMare Parksuites Phase 3.
The record capex will be sourced through a combination of internally generated cash and bank finance.

Anchor Land has six ongoing projects namely, Admiral Baysuites along Roxas Boulevard, SoleMare Parksuites in Aseana Business Park, Mayfair Tower in Ermita as well as Mandarin Square, Wharton Parksuites and Anchor Skysuites, all three in Binondo, Mania.

The company, whose target market for most of its projects are the local Filipino Chinese communities, intends to launch two more projects within the year:

Source: http://www.manilatimes.net/business/anchor-land-sets-record-capital-expenditure-outlay/

Manila residents and tourists spending a vacation in Philippines prefer to travel out of town from Manila to the north to visit Subic, Pampanga, Angeles City and Clark Philippines. While many areas of the Philippines are plagued by crime and security concerns, Clark continues to impress the travel and tourism observers with its immaculately low crime records. Other features of Clark that attract family tourists and those visitors that are health sensitive include low pollution, peace and quiet ambiance and a most welcome absence of traffic congestion.

Many are selling off their assets to start a new life in Philippines, taking advantage of the standard-of-living differential to start a business or just enjoy living in a tropical country. With careful planning, the move to Philippines can work out brilliantly or it can be a painful mistake.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon.

For assistance with organizing and planning weddings and garden receptions, log on to http://www.PhilippinesWeddingVenue.com

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

---

If this article about Clark is useful to you, please click here to contact us to tell us what more you wish to know about this article or Clark Philippines, which can be something about Clark investment, about Clark resorts, about Clark Swimming and Leisure or simply general news about Clark.

---

Please send questions to Editor@ClarkPhilippines.com. Leave your name, email address, contact numbers and we will get back to you as soon as possible. Information received will not be disclosed.

---