Philippine Realty and Holdings Corporation, or PhilRealty, as it is better known, was incorporated on July 13, 1981 with an initial capitalization of P2 million. The company was put together with the aim of providing quality real estate so that people could live and work comfortably in their developments. Each building, whether residential or commercial, was planned and built as a place for those who did the planning to live and work. This care put into each project contributed to the speedy growth of the corporation, and in 1986, PhilRealty’s capitalization was increased to P100 million to accommodate the entry of new stockholders. PhilRealty was the first in the Philippines to combine horizontal subdivision and high rise living in the beautiful Alexandra complex, located in Ortigas Center. To date, it is still the high rise complex with the largest ratio of land per occupant. The La Isla Condo, another exclusive development in the Ortigas Center, has only two units per floor and 38 units in the entire building. The Philippine Stock Exchange Centre, completed in January of 1996 held the title of being the building with the largest footprint in the Philippines for almost a decade after it was built. In September of 1987, Philippine Realty and Holdings Corporation listed in the Philippine Stock exchange. Today, its authorized capital stock is P8 billion or 8 billion shares, 4.68 billion of which is outstanding and subscribed.