Anchor Land set to build P1.5-b dormitory complex

Property developer Anchor Land Holdings Inc. launched its dormitory business with the unveiling of the P1.5-billion Cosmos Suites in Pasay City.

Anchor Land said in a statement the twin-tower development, with 3,000 beds in over 800 units, would offer affordable, high-quality bed spaces to young employees looking for ways to outsmart the challenging commute in Metro Manila.

“Cosmo Suites aims to help improve the quality of life of employees. It becomes their halfway home near their workplace, allowing them to spend their time on more productive activities instead of being stuck in traffic for around three to four hours,” said Anchor Land chief executive Steve Li. 

“We help them achieve work-life balance,” Li said.

The project is strategically located in Pasay City, one of the fast-rising hubs for business process outsourcing firms.

“Cosmo Suites will cater to the continuously increasing demand of BPO employees for quality, yet affordable urban dwelling spaces. We will limit the rental rates equivalent to 25 percent of the average income of BPO employees,” said Li. 

Anchor Land said unlike the usual dormitory and bed spacing, Cosmos Suites would provide young employees with a more secure and comfortable lifestyle. 

Cosmo Suites will also offer high-end amenities such as a 20-meter lap pool, fitness gym, knockdown basketball court, open lounge area, deck seating area, a garden deck and a food hall that offers affordable meals. 

Tenants are also provided free access to WiFi internet. 

Topics: dormitory business
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