CONCERNS over a condominium oversupply do not reflect conditions across the Philippine property market, particularly in the mid-income segment where demand remains driven by end-users and overseas Filipino workers (OFWs), according to Empire East Land Holdings Inc.
At its annual stockholders’ meeting on Tuesday, the company said market conditions vary across price segments and locations, making broad-based oversupply assessments misleading.
“Oversupply is not uniform across the market — it depends on the segment and location,” Empire East President and CEO Anthony Charlemagne Yu said. “In the mid-income segment, particularly in accessible locations, demand remains steady.” Demand in its core housing segment remains anchored on end-users buying homes for long-term occupancy, rather than investors anticipating gains or rental income, the company said.
Empire East also highlighted sustained demand from OFWs, describing them as a resilient buyer base despite global economic uncertainties, with purchasing decisions increasingly centered on accessibility and long-term family use.
Developments in well-located and accessible areas continue to generate healthy rental demand over time, but this is not the primary driver of its business, the company said.
Supporting its outlook, Empire East reported P5.39 billion in revenues in 2025, alongside sustained collection performance that funds ongoing development activities and expansion plans.
Construction engagements reached more than P4.11 billion.
Several projects are in active development, including Pioneer Woodlands, The Paddington Place in Mandaluyong, Kasara Urban Resort Residences in Pasig, and its flagship township, Empire East Highland City.
At Highland City in the Pasig-Cainta corridor, initial residential towers are rising alongside infrastructure components such as four-lane and six-lane road networks and solar-powered street lighting.
The township includes the development of a 1.36-hectare Highland Forest, where tree-planting activities form part of its sustainability initiatives. It is designed as an integrated residential ecosystem combining housing, infrastructure, and green spaces to support long-term community development.
The company likewise cited its advancement to Pag-IBIG Fund Window 1 status, which is expected to improve housing loan processing and expand access for prospective buyers.
Its Sustainability Core (Score) program integrates environmental, social and governance principles into operations, including initiatives to expand green spaces and improve livability across developments.
Despite global uncertainties and cost pressures linked to geopolitical conflict and supply chain conditions, the company said the impact on its operations is manageable through disciplined procurement, long-term supplier relationships, and value engineering initiatives.
“The market is becoming more selective. So are we,” Yu said. “We will continue to build where demand is real, operate with prudence and discipline, and deliver on our commitments.”
