Property developer Arthaland Corp. said it has not delayed any of its project launches despite rising construction costs, as it had already secured prices for some materials in advance.
Executive vice president Oliver L. Chan said the company locked in material prices for three to five years through supplier partnerships, helping protect projects from sudden cost increases. Arthaland has already launched the third tower of Una Apartments in Biñan, with another tower in Cebu set for launch in the fourth quarter.
Chan noted that while global tensions have pushed steel prices higher, the company built cost buffers into its plans. He added that other construction components, such as finishing materials, remain stable due to existing supply from within Asia.
Meanwhile, Arthaland reported strong sales for its Sondris project in Makati, reaching around P1.7 billion to P1.8 billion in the first quarter. The project benefits from its location near residential areas and its proximity to the redeveloping Greenbelt, which is being upgraded by Ayala Land Inc..
