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This profile was last updated on 3/26/12  and contains information from public web pages.

Harrison M. Paltongan

Wrong Harrison M. Paltongan?

Attorney, President, SALES and MA...

Phone: (404) ***-****  HQ Phone
SunTrust Banks , Inc.
303 Peachtree St N E
Atlanta, Georgia 30308
United States

Company Description: SunTrust Banks, Inc. (SunTrust) primarily operates as a financial services holding company. Through its principal banking subsidiary, SunTrust Bank (the Bank), the...   more
Web References
In an interview, Suntrust ...
www.abs-cbnnews.com, 26 Mar 2012 [cached]
In an interview, Suntrust president Harrison M. Paltongan said the company is embarking on an aggressive expansion of its vertical products to meet the strong demand for affordable residential condominiums. Around 10,000 new units will be added to the firm's inventory this year to boost sales.
"We made less than P5 billion last year. We're looking at significantly increasing that given the pace we're going, P7 billion should be attainable," he said.
Paltongan said next year's earnings would even be much bigger since some of the company's projects would start contributing to its books in 2012.
"Right now, our goal is to launch at least one project per month. This year will definitely be a very significant one for us as we lay the groundwork for a successful, high-growth future," he said.
Paltongan explained that the company used to be conservative, focusing on the development of residential subdivisions in Dasmari├▒as, Gen. Trias and Silang, in Cavite.
While demand for the high-end segment of the market will remain strong this year, Paltongan noted that the bigger market is with affordable condominium developments given the pent-up demand for units priced at P50,000-P65,000 per square meter depending on the project location.
"More companies have been shifting their focus on the development of affordable condos. The challenge is how to make these condo units more affordable and distinct while keeping the quality," Paltongan said.
He said flexible payment terms and low interest rates offered by banks boost demand for this niche market of affordable condominiums.
Empire East Suntrust Properties, Inc. - About Us
www.empire.homelandpinoy.com, 8 Oct 2011 [cached]
Atty. Harrison M. Paltongan President
SALES AND MARKETING DIVISION
Megaworld International Marketing | Suburban Projects
www.megaworldinternational.com, 14 Nov 2008 [cached]
During the project's recent launch, Suntrust President Harry Paltongan led the unveiling of the Trinity and Simone residential clusters, which feature the full two-story model units.
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