Property developer Philippine Realty Holdings Corp. has made plans for a big comeback in the property market after its exit from a 12-year court-assisted rehabilitation, becoming the first publicly listed company to graduate from court receivership in the aftermath of the Asian financial crisis.

To mark its return to the property market, Philrealty unveiled a P10-billion investment over the next 10 years in upscale residential development Andrea North in Quezon City. In line with this, the company launched Sky Villas Tower, the second phase of its five-tower, two-hectare Andrew North project, which is expected to create about P25 billion worth of property inventory in the next decade.