State Properties Corporation

Name

State Properties Corporation

Legal name

State Properties Corporation

Website

https://statepropertiescorp.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

State Properties Corporation is a Philippines-based real estate developer and wholly-owned subsidiary of State Investment House, Inc., building premium master-planned residential communities and mixed-use developments in Metro Manila for upper-income buyers and overseas Filipinos.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Single-Family Home Construction (Detached Homes) (IMAFABAA), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Real estate development
• Master-planned communities
• Residential properties
• Mixed-use developments
• Commercial real estate

Headquarters

HQ city

Mandaluyong City

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Residential Property Sales: Sale of single detached houses, townhouses, and residential lots in high-end master-planned subdivisions like Versailles Alabang Village
2. Commercial Property Development: Development and sale of commercial lots and spaces including Versailles Town Plaza retail/commercial spaces
3. Mining Operations: Through subsidiary First State Mining Resources Corporation (FSMRC), operating chromite mining in Masinloc, Zambales and copper mining in Marinduque with estimated deposit value of US$ 3.0 Billion

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

State Properties Corporation develops and sells high-end residential properties (single detached houses, townhouses, and residential lots) and mixed-use commercial developments in Metro Manila, Philippines. The company's flagship project is the 30-hectare Versailles Alabang Village master-planned community, with ongoing expansion via the 45-hectare Alabang Global City mixed-use masterplan. It also markets commercial spaces such as Versailles Town Plaza retail center and the AGC Lifestyle Park recreational venue.

Differentiator

Problem solved

Functional benefit

Brands

• Versailles Alabang Village: 30-hectare high-end first-class master-planned residential development with commercial component in southern Metro Manila
• Versailles Town Plaza
• Alabang Global City (AGC)
• AGC Lifestyle Park
• Vida Garden Ville

Products and services

• Versailles Alabang Village A 30-hectare high-end, first-class master-planned residential community with commercial component located in southern Metro Manila (across Ayala Alabang Village). Offers single detached houses, townhouses, and residential lots for upper-income buyers.
• Versailles Town Plaza An urban lifestyle retail and commercial center in Alabang combining rustic ambiance and nature with flexible spaces for shopping, dining, wellness, recreation, and events for retail tenants and visitors.
• AGC Lifestyle Park An outdoor recreational lifestyle park adjacent to the Alabang Global City masterplan, featuring wide-open spaces for events such as pet parades, acoustic concerts, and outdoor activities for families and visitors.
• Alabang Global City (AGC) Masterplan A 45-hectare mixed-use master-planned development combining commercial, office, and residential areas, envisioned as the BGC of the South in the Alabang corridor of Metro Manila.
• Vida Garden Ville A gated, thoughtfully-planned, family-oriented affordable housing community located in Valenzuela, providing suburban living with accessibility to public transportation, prominent hospitals, and top-notch schools.

Quantifiable outcome

• One of the most beautiful subdivisions in the Philippines
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• State Investment House Inc. (SIHI)coreOthersState Properties Corporation is a wholly-owned real estate arm of State Investment House Inc. (SIHI), one of the pioneer investment houses in the Philippines. SIHI started operation as a family-owned trading company under Chionson Industries and was established in 1964. SPC was formed in 1995 as the real estate arm focusing on high-end mixed-used developments.
• NorthEast Land Development Inc. (NELDI)coreStrategic or Co-development PartnerNorthEast Land Development Inc. is a subsidiary company of State Investment House Inc. that focuses on developing affordable homes. NELDI developed Vida Garden Ville, a gated, thoughtfully-planned, family-oriented community providing affordable suburban living in Valenzuela.
• First State Mining Resources Corporation (FSMRC)minorStrategic or Co-development PartnerSubsidiary of State Properties Corporation engaged in mining business. FSMRC is a major stockholder of Consolidated Mines Inc. which owns the largest chromite mining site in Masinloc, Zambales and a large copper mining site in Marinduque.
• STEAG AGminorStrategic or Co-development PartnerLeading independent power producer in Germany. Joint venture partner for the PHP 13.5 Billion 210-MW Power Plant Project undertaken by State Investment Trust Incorporated in 2001. SPC's parent company sold its shares in SPI (Steag Power Inc.) in 2008, achieving excellent return on investment.
• Consolidated Mines Inc.minorStrategic or Co-development PartnerOwner of the largest chromite mining site in Masinloc, Zambales (250 kilometers northwest of Manila) and a large copper mining site in Marinduque. FSMRC is a major stockholder in this company.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Federal Land: Metro Manila-focused developer of high-end vertical and horizontal residential projects. Comparable customer segment (upper-income Filipinos) and comparable luxury positioning to SPC's townhouse and high-rise (Annapolis) plans.
• Megaworld Corporation: Creator of Bonifacio Global City, the explicit benchmark SPC uses for its 'BGC of the South' Alabang Global City. Megaworld's township model (mixed-use residential + commercial + office on owned land) is the closest analog to SPC's masterplan strategy.
• Ayala Land: The Philippines' largest and most diversified real estate developer. Ayala Land builds master-planned estates (e.g., Nuvali, Alabang-area projects), high-end residential subdivisions, and mixed-use townships — directly comparable to SPC's Versailles Alabang Village and Alabang Global City.
• Filinvest Land: Major Philippine developer with strong Alabang-area presence (Filinvest City). Comparable product mix across high-end residential subdivisions, mixed-use townships, and mid-market housing makes it a direct competitor in SPC's core geography.
• Vista Land & Lifescapes: Major Philippine horizontal residential developer with nationwide master-planned communities (Camella brand). Comparable in product type and in serving the OFW investor segment through its overseas marketing offices.

Broad incumbents

• SM Prime Holdings: Philippines' largest mall operator and integrated property developer. Comparable mixed-use and residential components but with a much broader retail-led platform; competes with SPC for premium Metro Manila land and buyer attention.
• Robinsons Land Corporation: Diversified Philippine developer with residential, office, and mall portfolios. Overlaps with SPC in vertical residential developments targeting upper-income segments and in mixed-use masterplanning.

Emerging players

• DoubleDragon Properties: Emerging Philippine developer focused on mixed-use and community mall formats (e.g., CityMalls, DoubleDragon Plaza). Partial overlap with SPC's commercial and mixed-use components inside Alabang Global City and Versailles Town Plaza.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/statepropertiesofficial
• LinkedInlinkedin.com/company/state-properties-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Properties Corporation