Its first development was Lee Tower, a 33-story residential tower in Binondo that sold out in nine months and turned over ahead of schedule in 2006. ALHI’s main market is the Filipino-Chinese community in downtown Manila, but it has branched out of its usual turf. In 2008, it broke ground for Solemare Parksuites, an 18-level twin tower residential community located at ASEANA Business Park in Paranaque City.
During the same year, ALHI’s strong performance drew international attention. The company was cited in Forbes Magazine’s list of 200 Best Companies in Asia—one of the only two Filipino businesses that made it to the 2008 list. ALHI had capitalization valued at under $1 billion, a remarkable achievement amid the worldwide economic slump at that time. In 2011, it posted a net income of P841.7 million, marking a 49 percent increase from the previous year.
In 2012, ALHI launched Monarch Parksuites, a P11-billion, four-tower residential community adjacent to SoleMare. Monarch, which is aimed at “multinational” clients, will have living spaces measuring between 25 and 130 sq m. The company is also expected to reach its net profit target of P1 billion for 2012. Since listing in the Philippine Stock Exchange in 2007, ALHI has become known for its delivering on its promise—without compromising timelines, quality and style.