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 The Company is one of the fastest growing property developers in the country whose main focus is the development of high-end condominium projects in Manila.
The Company’s very first project, the Lee Tower, was also the first condominium to offer residents of Binondo. Manila access to the Makati-style of living right in their own backyard. The project was marketed mainly through word-of-mouth and was fully sold in just 18 months.
This project was funded by a combination of capital infusion, non-interest advances from stockholders and internally generated funds through pre-selling as a result of a very positive response from the market.
Leveraging on the goodwill generated by its first project, the company currently has two condominium projects under construction – the Mayfair Tower and the Mandarin Square. Another project will be started by the company this year as it continues to slowly build its reputation for building high quality condominiums.COMPANY HISTORYThe company traces its roots to Anchor Properties Corporation (APC). APC was incorporated on July 15, 2003 and was primarily organized to acquire by purchase lease, donation or otherwise, and to own, use, improve, develop, subdivided, sell, mortgage, exchange, lease and hold for investment, real estate of all kinds, whether improve, manage or otherwise dispose of buildings, houses, apartments, and other structures of whatever kind, together with their appurtenances. It commenced commercial operations on April 30, 2004, simultaneous with the start of the construction of its Lee Tower project.
On December 13, 2006, the Board of Directors and Stockholders of the company approved and authorized the plan of merger with APC, with company as the surviving entity. Both companies are substantially under common control and the merger of the two companies was done to consolidate their real estate projects under one group.
The company was founded by a group of entrepreneurs led by Stephen Lee Keng and Li Yi Chiang, and was incorporated under the Philippine law on July 29, 2004. The company was primarily organized to engage in real estate development and marketing focusing initially in high-end residential condominiums within the Manila area. It started business operations on November 25, 2005.
In December 2005, the company, through APC, acquired 100% ownership of Manila Towers Development Corporation, then a shell company which owned a 2, 107.30 square meter property in Binondo, Manila. The property is the site of the Mandarin Square condominium. COMPANY MISSION - We shall continuously utilize the most efficient operating systems, tools and procedures available to build trust and confidence amongst our customers, suppliers and investors.
- We shall employ qualified and competent people who share our ideals and dare to be ICON’s in the industry through sustained and up-to-date training.
- We shall continue to develop world-class, modern and high-end Real Estate Projects that will provide the most excellent in amenities and the finest in living comfort.
CORE CORPORATE IDEOLOGY: ICON Integrity in everything we do
Continously strive for “excellence” in all we do
Observe respect for the environment and humanity
Necessitate a “sense of urgency” in all our tasks The company Board of the Directors and Senior Officers are as follows:
Chairman of the Board Stephen Lee Keng
Vice Chairman and Director Li Yi Chiang
Director, President and CEO Imelda Taneda Sze
Director and Treasurer Peter Kho
Director and Corporate Secretary Christine P. Base
Independent Director Frances S. Monje
Solita V. Delantar Independent Director
Antonio E. Fernandez Chief Finance Officer
Elizabeth V. Sison Assistant Vice President – Sales and Marketing
Maria Victoria M. Ong Human Resources Development Department
and Administrative Manager
Carlo B. Gonzaga Project Manager, Engineering Department
In December 2005, the company, through APC, acquired 100% ownership of Manila Towers Development Corporation, then a shell company which owned a 2, 107.30 square meter property in Binondo, Manila. The property is the site of the Mandarin Square condominium.
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