Skip to main content

GERI to turn over PhP3B worth of projects in Boracay, Batangas and Iloilo

Global-Estate Resorts, Inc. (GERI), Megaworld’s subsidiary brand for integrated lifestyle and tourism estates, is turning over P3-billion worth of residential and commercial projects this year, as the company stands to its commitment of timely delivery of projects to customers.

These project turnovers include residential units and commercial lots at Boracay Newcoast in Aklan, Twin Lakes in Laurel, Batangas, and Sta. Barbara Heights in Iloilo.


“We uphold our commitment to our customers for the timely completion and turnover of projects even if we are in the middle of a pandemic,” says Monica T. Salomon, president, GERI.

The company also assured that development works in its various ongoing projects across the country will continue and will remain unhampered by the ongoing health crisis affecting the country.

However, GERI is cutting its capital spending by 38% this year, from P6.5-billion to P4-billion, as the lockdowns, regional quarantine measures, and physical distancing rules continue to restrict the movement of materials and workers in the company’s construction sites.

“The company will continue to observe financial discipline to ensure financial stability through prudent cash management and operational efficiency. While we have deferred new township launches, we will push thru with the launching of projects within our integrated estates. We have also allocated funds for strategic property acquisitions to allow us to take advantage of opportunities for business expansion and growth,” explains Salomon.

GERI’s Eastland Heights in the uplands of Antipolo, Rizal, overlooks the bustling skyline of Metro Manila.

GERI also rolled out its roadmap towards recovery from the health crisis that affected most of its core businesses during the first half of the year.

The GERI Roadmap focuses on:

Innovations in Product Design and Services
The company is carefully studying emerging trends in the lifestyle choices and behavior of consumers necessary to innovate and come up with new product designs, services and business processes, and finding ways to apply them in existing and future developments.

Digital Transformation
The company is investing in digital innovations and platforms that support responsive customer care services as well as integrating digital technology in all of its business processes.

Workforce Health, Safety and Well-Being
The company prioritizes the health, safety and well-being of its workforce by strengthening health insurance coverage, providing medical, health and safety kits, implementing health and safety protocols in the workplace, and institutionalizing flexible work arrangements such as work from home, work rotation and work offsite.

Financial Discipline and Strategic Expansion
The company will continue to observe financial discipline to ensure financial stability through prudent cash management and operational efficiency. “While the company adopts a prudent outlook during these uncertain times, we will continue to seek opportunities in a rapidly evolving market,” adds Salomon.

“While the company adopts a prudent outlook during these uncertain times, we will continue to seek opportunities in a rapidly evolving market,” adds Salomon.

Popular posts from this blog

Connie Carillo Diversified Farm in Bingawan: Helping Sustaining a Healthy Community Through Farm Schools

The area around the town of Bingawan, the edge of the central portion of the province is where it ends and the town of Tapaz, Capiz province begins and is very much another unsung corner of Iloilo with warm, friendly, welcoming people. Bingawan has some rich farming land and farming is at the heart of its village life. The landscapes are gorgeous here; with gentle pastures, to the high mountains. The area offers some beautiful hikes and bike trails across its lovely rolling meadows, woodland and a few working farms. The town would be less touristic than its neighboring towns but is well worth exploring. If you are concerned about how organic can contribute to benefit our shared environment, promote fair relationships and a good quality of life for all involved, then a trip to Connie Carillo Diversified Farm is for you. With the governments’ efforts to improve the knowledge and technical skills of the farmers, the Connie Carillo Diversified Fa
Read more

Travelers guide to Iloilo transport terminals (Airport, Jeepneys, Buses, RORO. etc)

Being the biggest city on Panay Island and the center of Western Visayas region, Iloilo City is a transportation hub whether by land, sea or air. These numerous transportation terminals facilitate day to day commerce, light & heavy industries, and tourism, among others. As this is a travel blog, this guide is aimed to tourists who want to experience and explore Iloilo and perhaps even beyond. Iloilo International Airport A little more than five years old, the Iloilo International Airpor t is among the most modern and beautiful in the country today. It is situated around 20 kilometers from Iloilo City , straddling the towns of Cabatuan, San Miguel and Sta. Barbara . It has direct links to Manila, Cebu, Clark, Cebu, Davao, Cagayan de Oro  and Puerto Princesa plus international destinations Hong Kong and Singapore . Among the first hurdles tourists will have to contend is the distance that translates to expensive fare when traveling to and from this airport.
Read more

Park Inn by Radisson Iloilo Levels Up Sustainability Efforts by Eliminating single-use plastic water bottles in guest rooms.

  Park Inn by Radisson Iloilo, a prominent player in the hospitality industry, is proud to announce a significant step forward in its commitment to sustainability. With a dedication to preserving the environment, the hotel is taking substantial measures to reduce its ecological footprint and enhance its sustainable practices.   Hotels have long been contributors to plastic pollution due to the widespread use of single-use bottled water. Recognizing this environmental challenge in the tourism industry, Park Inn by Radisson Iloilo is taking a bold step forward by reducing its plastic footprint significantly by removing single-use bottled water from guest rooms.   Eliminating Single-Use Bottled Water: Embracing Reusable Carafes with UV Filtration Water Stations   Park Inn by Radisson Iloilo places itself at the forefront of the eco-conscious movement by eliminating single-use bottled water from its guest rooms and fully implementing reusable carafes as an amenity from July onwards. Water
Read more