PHILIPPINE REALTY & HOLDINGS CORPORATION
BULLETIN BOARD
Mission
Philrealty is a holding company that prides itself in maintaining a core group of entrepreneurs, professional managers and employees committed to setting the pace in excellence and upholding at all times Christian values and principles.
We are primarily engaged in real estate development but are open to investments in other businesses that will optimize the utilization of our resources and accelerate growth for our company and for our country.
We espouse the nurturing of a corporate culture that provides our people an environment where they can develop to the fullest and grow with the organization, thus fulfilling their career objectives and enhancing their quality of life. It is a culture that demands the highest standards of personal integrity, professional competence and adherence to a work ethic.
Profitability is a necessary requirement for survival and growth, but we do not believe in gains made by taking unfair advantage of others nor do we sacrifice long term objectives for short term profits. Our business relationships are anchored on a belief in justice and fairness. Any enduring relationship should be beneficial to all involved. We aim at all times to give a continuing and fair return to our stockholders, at the same time giving just and equitable compensation to our officers, employees and suppliers.
Philrealty is committed to being actively involved in nation building as it lives up to its social responsibility as a good corporate citizen.
History
Philippine Realty and Holdings Corporation, or PhilRealty, as it is better known, was incorporated on July 13, 1981 with an initial capitalization of P2 million. The company was put together with the aim of providing quality real estate so that people could live and work comfortably in their developments. Each building, whether residential or commercial, was planned and built as a place for those who did the planning to live and work.
This care put into each project contributed to the speedy growth of the corporation, and in 1986, PhilRealty’s capitalization was increased to P100 million to accommodate the entry of new stockholders.
PhilRealty was the first in the Philippines to combine horizontal subdivision and high rise living in the beautiful Alexandra complex, located in Ortigas Center. There is so much space for the residents to live and play that to date, it is still the high rise complex with the largest ratio of land per occupant. The La Isla Condo, another development in the Ortigas Center, is a building finished with marble and narra. Completed in 1991, it has only two units per floor and 38 units in the entire building.
The Philippine Stock Exchange Centre, completed in January of 1996 held the title of being the building with the largest footprint in the Philippines for almost a decade after it was built. It is an office building with wide hallways, spacious offices, and parking slots large enough for a big SUV to maneuver comfortably.
In September of 1987, Philippine Realty and Holdings Corporation listed in the Philippine Stock exchange. Today, its authorized capital stock is P8 billion or 8 billion shares, 4.68 billion of which is outstanding and subscribed.
