THE wholly owned property unit of SOCResources, Inc. will be holding its groundbreaking ceremony for the second tower of the Anuva Residences development in Muntinlupa City.
In a disclosure to the exchange on Monday, the company said SOC Land Development Corp. will begin the construction for the condominium project’s Azalea Tower on Aug. 5.
Plans for the third and fourth towers of the Anuva Residences are said to be ongoing, with a sales launch tentatively set for 2022.
The company also broke ground for the second phase of its horizontal development, Althea Residences, in Biñan City in Laguna last March.
SOCResources said it is considering other sites in Pasay City, Quezon City, Baguio City, and the provinces of Pampanga, Laguna, Cavite, Batangas, and Rizal for its future developments.
On Monday, shares of SOCResources at the local bourse went up by 4.29% or three centavos to close at P0.73 apiece. — Keren Concepcion G. Valmonte
