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| From a family business established by John Gokongwei Jr. in 1954, JG Summit Holdings has grown to become one of the Philippines’ largest business groups with core interests in branded consumer foods, agro-industry, commodity foods, textile, real estate & hotel management, financial services, electronics and petroleum corporation. At present, it is also pursuing investments in infrastructure and high value-added projects including telecommunications, power generation, petrochemicals and cement. Through Robinsons Land Corporation, JG Summit has long been in the field of real estate development. It operates four shopping complexes and manages three hotel properties and two service apartment complexes. In 1995, the group entered into the area of housing development via another subsidiary – Robinsons Land Corporation, Housing and Land Division (RLCHLD). RLCHLD believes that the provision of decent homes is critical in the vision for a better quality of life. With a strong capital base, long-term orientation and a comprehensive understanding of the target market’s real needs, it is committed in turning every Filipino household’s future dream of owning a residential lot and a housing unit become a reality today. Thus, in 1999, RLCHLD received the citation of "Outstanding Developer of the Year" from the Chamber of Real Estate and Builders Association (CREBA) for its sustained support and valuable contribution to the government's national shelter program despite the economic crisis and market uncertainty. The plaque reads as follows: For its sustained support and valuable contribution to the government's National Shelter Program despite the current economic crisis and market uncertainty by engaging in socialized, low cost and economic housing projects, For its outstanding track record on delivery and completion of affordable yet quality housing units - ensuring that every commitment it made to its Filipino homebuyers is faithfully complied, For its strong balance sheet and solid financial backing thus enabling it to extend its own In-House buyers, Financing program, popularly known as Sariling Pabahay Plan, Mega Flex and Home Sweet Home Financing, which provides flexible financing packages to suit the paying capacity of many Filipino average and low-income earners, For continuously building environment friendly residential communities using its own innovative in-house planning design and construction capabilities, For its outstanding sales performance for the year thus overcoming fears of the ill-effect of the current crisis on the housing sector, For attaining a strong industry position after barely five years from its establishment, and being instrumental in putting into reality every Filipino family's dream to own a house and lot. |
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