DoubleDragon aims to hit P10-billion sales, rental income this year


Posted at Jan 03 2019 01:06 PM

MANILA – DoubleDragon Properties Corp on Thursday said it was expecting to hit P6.1 billion in sales from pre-selling of its Hotel101 projects.

A "record" P4.42 billion in recurring rental income is also expected from its malls, warehouses and office buildings this year, DoubleDragon told the stock exchange.

DoubleDragon, a joint venture between tycoons Tony Tan Caktiong and Edgar "Injap" Sia, said it planned to grow its leasable space portfolio to 1.2 million square meters by 2020.