Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group, announced a P900-million capital expenditure plan for 2025, targeting township redevelopment and property enhancement initiatives aimed at boosting long-term asset value and customer experience. The investment underscores the company’s strategy to future-proof its portfolio through improved master planning, zoning, and upgraded amenities.
President and CEO Kyle C. Tan emphasized Eton’s forward-looking approach: “We’re not just building structures—we’re building the future of Eton with clarity and purpose.”
Despite a reported 71 percent drop in net income to P213 million due to a one-time inventory revaluation gain in 2023, Eton’s core operations remained solid. Revenue rose 12 percent year-over-year to P3.1 billion in 2024, highlighting the company’s ability to adapt to shifting market conditions, including the exit of POGOs and reduced retail tenancy renewals.
Leasing operations continued to anchor growth. Office occupancy remained strong, with 70 percent of gross leasable area utilized, including full occupancy at Centris Cyberpod One. Retail leasing posted a 72 percent occupancy rate, while residential leasing was optimized to support inventory-to-sales conversion. Notably, residential revenues surged to P501 million, fueled by strong sales in Sta. Rosa, Laguna, and Metro Manila.
Eton’s renewed investment strategy and stable leasing performance position it for long-term profitability, despite industry headwinds.
