Formed in 1995 as RFM Properties and Holdings, Incorporated (RPHI), the initial thrust of the company was to optimize the use of the land assets of food and beverage conglomerate RFM Corporation, its parent company. The strategy resulted in transforming the corporate properties to residential, commercial and industrial developments that were either sold or leased to third parties. To ensure the success of its first projects, RPHI drew on the experience of Sta. Lucia Realty and Development Corporation, a known real estate developer, and entered into joint venture agreements with the company for the development and marketing of Glenwood Park and Ridgemont South, which are both located in Calamba, Laguna. The success of these initial projects, together with the project development/management experience gained, gave RPHI the needed boost to proceed with its other projects in Calamba, namely Woodlands and Makiling Hills, which were launched in 1997.
Also in 1997, RPHI was renamed Philippine Townships, Incorporated (Philtown) to focus on industrial community developments. An offshoot of this shift in focus is the Manggahan development which is comprised of Manggahan Village in Manggahan, Pasig City, a cluster of 5 residential condominium buildings; the Manggahan Light Industrial Park, Manggahan Village Center and Manggahan Townhomes. Furthermore, with its substantial land bank in Batangas, another industrial community was launched in the municipalities of Sto. Tomas and Tanauan. The Batangas development covers two industrial parks, namely Light Industry and Science Park (100 hectares) and Philtown Technology Park (70 hectares) and Plantacion del Sol subdivision (80 hectares).
As more experience was acquired and core competencies in project management and sales/marketing were developed, Philtown was emboldened to embark on high-end projects such as Tagaytay Heights and One McKinley Place, a luxurious high-end 44-storey residential condominium located in Fort Bonifacio. With further success from these high-end projects, another luxury residential condominium called Fairways Tower was launched in 2003. Also in 2004, we launched The Metropolitan. Unique in its class, The Metropolitan offers not only high-end residential units but each unit comes with playing rights to what will be the country's foremost sports club, the Metropolitan Club. (MAC). The Metropolitan also offers Sky Lofts, best in its class due to the units' magnificent view of Makati's breathtaking skyline.
What follows are Philtowns answer to the growing demand for developments that cater to the students, young professionals and urbane dwellers.
In 2006, Philtown launched the 100% Wi-Fi enabled W.H. Taft Residences, a 30-storey education-inspired address beside De La Salle University. Functionally and aesthetically made conducive not just for urban living, but for productive work and study as well. Towards the end of 2007, Philtown introduced ASIANA-Quezon City, a 25-storey Residential condominium project situated at the corner of Esteban Abada and Xavierville Avenue offering unmatched quality in design and construction that epitomizes the Luxury of Asian Living.
With its continued success both in the horizontal and vertical real estate projects, Philtown is fast becoming the preferred developer in the Philippines, known for its marketing savvy and technical expertise. This, on top of its financial stability with a paid in capital base of P2.1 Billion as of 2006, makes it one of the largest real estate companies in the Philippines.