One Developer


About the Developer


One Shangri-La Place is a quality development of Shang Properties Realty Corporation, the Philippine property development arm of the Kuok Group, one of the largest diversified conglomerates in the world renowned for the quality of its Kerry properties in Australia, China, Hong Kong, Malaysia, the Philippines and Singapore, as well as the Shangri-La Hotels and Resorts worldwide.

The investments of the Kuok Group in the Philippines comprise four (4) Shangri-La hotels and resorts (Makati Shangri-La, Edsa Shangri-La, Shangri-La’s Mactan Resort and Spa, Cebu, and Shangri-La’s Boracay Resort and Spa) and Shang Properties, Inc., with core businesses in office and retail leasing, and residential development.  

The company has a 78.7% stake in the Shangri-La Plaza Corporation, which owns and operates the upscale Shangri-La Plaza mall in Ortigas Center, as well as a 52.9% share in KSA Realty Corporation, which in turn, owns The Enterprise Center, one of the most prestigious business addresses in the country.  Through these two subsidiaries, Shang Properties earns over Php1.5 billion in lease income annually.

In 2002, the company expanded its business portfolio by entering the residential condominium market with its first project, the Php2 billion, 46-storey Shang Grand Tower.  The project was well received, completed in record time, and has since completely sold out.

Following the success of the Shang Grand Tower, the company proceeded to build its second residential project, the Php5-billion twin tower 60-storey St. Francis Shangri-La Place,  located within its 8.6 hectare Shangri-La Place property in Ortigas Center and linked to the 5-star Edsa Shangri-La hotel and the Shangri-La Plaza mall via comfortable walkways.  The project is 98% sold and was completed in 2009.

In 2007, the group was able to solidify its strengths and efficiencies with the merger of Edsa Property Holdings and Kuok Philippine Properties into Shang Properties, Inc., almost doubling its profitability in the process.   Shang Properties also purchased a 1.5 hectare piece of prime property in Bonifacio Global City which is the future site of the Shangri-La at the Fort hotel and luxury residences.  In 2008, it acquired the shares of San Miguel Properties Inc. (SMPI) in KSA Realty Corporation, owner of The Enterprise Center in the Makati Central Business District, making Shang Properties the majority owner of the building.

In October 2009, Shang Properties commenced with the redevelopment of Shangri-La Place, further enhancing the facilities of this integrated community. Construction of its current residential project, the twin-tower One Shangri-La Place located atop the six level retail podium of the Shangri-La Plaza mall expansion, is on-going.

The group has earmarked over Php11 billion for its developments in the next three (3) years, with a land bank of over 500 hectares located in Batangas, Tagaytay, Cavite, Mactan and the Fort Bonifacio Global City for future development, and total assets estimated at Php17.2 billion.

Shang Properties is poised to set the pace for premium real estate projects in the Philippines. Backed by the added value and advantages provided by its affiliates worldwide– Kerry Properties, the Kuok Group, and Shangri-La International Hotels and Resorts, and their ever-growing network of property, logistics and infrastructure assets, the company is equipped to leave an indelible mark on the Philippine landscape.

 

 

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