Eton Cyberpod Centris - Topping-Off Ceremony Eton Cyberpod Centris - Cement Pouring

Eton Properties Philippines Inc. is going full blast with six property projects despite the rising cost of construction materials and a slowdown in the US economy.

Eton Properties, the property arm of business tycoon Lucio Tan, said in a statement that construction of the company’s four high-end residential towers would start this quarter.  These are The Eton Residences Greenbelt, a 39-storey luxury residential condominium across the Greenbelt complex, recently, Eton Baypark Manila along Kalaw Avenue in Manila, One Archers Place along Taft Avenue, Manila, and Eton Emerald Lofts in Ortigas.

Eton Properties president and chief operating officer Danilo Ignacio said Eton Cyberpod Centris at the corner of EDSA and Quezon Avenue, the company’s first office building catering to business process outsourcing companies, was recently topped-off.  It is scheduled for completion by end of this year. 

The company also started concrete pouring activities early this month in its three-building BPO complex, Eton Cyberpod Corinthian, located at the corner of EDSA and Ortigas.

Ignacio said Eton remained bullish despite the challenging economy, because of strong sales of residential condominium projects and keen interest of BPO companies awaiting completion of the office buildings. 

Ignacio said the company has ordered P600 million worth of steel bars in advance, enough to cover the construction of initial projects.

Eton Properties is also preparing the launch of leisure development projects after launching several residential condominiums and BPO buildings.

It is looking at Cebu, Batangas and Laguna as possible sites of its leisure development projects.

Eton Properties is reviewing the land bank of other Lucio Tan-owned companies, like Philippine national Bank and Allied Banking Corp. for possible joint venture partnerships.

It is also focusing on putting up retail and commercial projects within residential condominiums, township projects and office developments catering to business process outsourcing.