Listed property developer Anchor Land Holdings Inc. is moving to enter the bedspacing business in a bid to increase its recurring income, a company official said.
In an exclusive interview, Anchorland President Elizabeth Ventura told The Manila Times that the firm is working on its venture into the bedspacing business.
“We’re looking at supplying bedspacing, but that’s something we’re still in the process of finalizing,” Ventura said.
The company is currently in talks with landowners of properties where the firm might locate their bedspaces, according to Ventura.
“We’ve already checked out some areas and we’re already under negotiation with some property owners of the lands that we’ll be acquiring,” Ventura said.
Possible locations for the bedspace projects according to Ventura are the Bay City, outside of the SM Mall of Asia complex, the Cash and Carry area in Palanan, Makati and one in Taguig City.
For the Bay City location, Ventura noted that the firm will provide a shuttle service for residents, as part of the project’s amenities.
The company’s venture into the bedspacing business is in line with its aim to boost its recurring income and is part of a 5-year plan, according to Ventura.
“The intention is to provide strength for our recurring income,” Ventura said, “So in five years we expect that we should be able to provide 10,000 to 12,000 bedspaces.”
The president said the bedspaces it plans to put up would target business process outsourcing (BPO) workers.
“We’ll be providing bedspacing for those who are on a tight budget because we’ve seen a lot of areas where there are a lot of BPO’s. We have to also provide for their housing,” Ventura said.
As for the number of bedspaces per location, Ventura said the firm does not yet have a specific number.
“It depends. Like I said, we’re still on the work of doing the feasibility for every property,” Ventura concluded.