The company is currently owned in equal shares of 20 percent by Jardine Davies, Hongkong Land, San Miguel Properties, Metrobank, and Equitable Bank. It is a holding company for lands owned by the firm, which are in turn developed by Jardine Properties. The latter also develops properties in joint venture with other property owners. Jardine Properties is 60 percent owned by Jardine Land, 20 percent by Jardine Davies, and 20 percent by HK Land.
Jardine Land executive vice president and chief operations officer Harry Rodriguez Jr. told The STAR that they now have an agreement with Banco de Oro to develop the latter’s non-performing real estate assets. "Banco de Oro will provide the land and development funds and then we will develop it. We then share in the proceeds," he said.
Established in 1996, Jardine Land started both the Greenwoods and Lexington projects in 1997. At present, Greenwoods is already 50 percent developed and sold. It consists of 381 lots with a total area of 9.4 hectares and a saleable area of 5.6 hectares. Around 297 houses have been built so far, with each lot measuring between 100 to 200 sq.m. at a price of P2.6 to P4.3 million.
Greenwood Heights, which is Phase 3 of the Greenwoods projects, has a total area of 13.7 hectares, with a total of 843 lots and 234 houses built (duplex type). The lots average 80 sq.m. in size and sell for P999,000 to P1.4 million.
Meanwhile, Lexington in Pasig-Pateros has a total area of 8.3 hectares. The cost of the lots are anywhere between P5.1 to P7.8 million with sizes ranging from 120 to 180 sq.m. at a price of P20,000 per sq.m. while the townhouse units measuring 152 sq.m. in floor area are priced at P4.9 million.