Empire East Land Holdings Inc - ELI- Profile

Empire East Land Holdings Inc. The Group's principal activity is developing and marketing housing projects either in the form of condominium communities or house-and-lot packages, commercial and office space and mixed-use complexes. The Group also sells land and leases out commercial and industrial properties. The Group focuses on the development of housing townships, residential subdivisions and other horizontal development. The Group's property operations are carried out through two segments namely, High-Rise Projects and Horizontal Projects. High-Rise Projects refers to condominiums and other medium scale properties that caters to middle-income market. Horizontal Projects refer to house and lot packages and subdivisions lots that are intended both for low and middle-income market. High-Rise Projects accounted for 64% of 2005 revenues and Horizontal Projects, 36%