The first two months of 2026 have already proven remarkably fruitful for one construction firm, securing P1.6 billion in new real estate contracts and accelerating its progress toward ambitious growth targets.
Company leadership views this early success as a powerful indicator of positive momentum. These projects, focused on both residential and hospitality sectors, represent a strategic push into expanding regional markets and a commitment to building sustainable communities across the nation.
Recent awards include significant construction roles for Torre Lorenzo Development Corp., specifically the Crown Residences and Crest Suites projects in Tierra Davao. These developments signal a deepening presence within the rapidly expanding residential and hospitality landscape.
Crown Residences, a striking 21-story tower, will prioritize resident well-being with extensive wellness facilities and offer 322 individual living spaces. Crest Suites, also 21 stories, blends hospitality and residential living, featuring a unique combination of condominium-hotel units and traditional condominiums.
The company anticipates these projects will contribute to a year of consistent financial performance, fueled by a robust and growing project pipeline. Successful collaborations with partners across diverse industries are expected to further bolster results.
Looking back to the third quarter of 2025, the company’s project pipeline already reached an impressive P19.1 billion. The total backlog at the close of August 2025 stood at a substantial P39.24 billion, demonstrating a strong foundation for continued expansion.
Despite the positive news, trading activity saw a slight dip in share value, with shares closing at P2.34 each, down one centavo or 0.43%.
