Leading by Example

State Properties Corporation is headed by Dr. Allen Roxas, an entrepreneur with years of business experience in leading his companies in achieving their goals with the values of concern for honor, respect for tradition and loyalty to service.

Our History

State Properties Corporation (SPC) is a wholly owned real estate arm of State Investment House, Inc. (SIHI),one of the pioneer investment houses in the Philippines.

In 1976, SIHI through its subsidiary Peltan Development, Inc. acquired a 75-hectare prime land located in Las Piñas City across Ayala Alabang Village. Peltan was renamed “State Properties Corporation” on July 12, 1995 in preparation to develop such raw land into a high-end residential/commercial subdivision now appropriately known as “Versailles Alabang” which is considered as one of the most beautiful subdivisions in the Philippines.

SPC has completed developing the 30-hectare Versailles Alabang Village becoming one of the pioneers representing a high-end first-class subdivision with commercial component to service the southern corridor of Metro Manila. It caters to the country’s upper income strata and is also being marketed to the Filipinos based in the U.S. and Europe.

State Properties Corporation and State Investment House Inc. together form The State Group of Companies. STATE GROUP OF COMPANIES is managed by seasoned industry leaders under the steadfast vision of its company officers led by the Chiong/Roxas family and the late Dr. Washington Z. SyCip.

State Investment House Inc. started operation as a family owned trading company under the name of Chionson Industries. In 1964, the Company broadened its horizon and established State Investment House Inc. (SIHI).

It was one of the pioneer investment houses granted quasi-banking and trust licenses by the Bangko Sentral ng Pilipinas (formerly Central Bank of the Philippines). SIHI also embarked on the construction of office condominiums in several parts of Manila, Makati and Greenhills, San Juan. Not long after, SIHI expanded its projects in the Visayan Region particularly in Bacolod and Iloilo and in the Mindanao Region namely in Cagayan de Oro City and Davao City.

As a spin-off from the success of SIHI’s endeavor in real estate came the existence of Stateland Inc. and Cityland Development Corporation headed by Messrs. Daniel Chiong and Stephen Roxas, respectively.

Stateland engaged in the development of affordable homes, while Cityland started off with farm lots and residential subdivisions and eventually focused on condominiums. To date, it has already completed more than 59 projects in Metro Manila and neighboring cities.

Under the leadership of Dr. Allen C. Roxas, State Investment House Inc. was renamed State Investment Trust Incorporated in 1993. In 1995 SITI formed State Properties Corporation, its real estate arm focusing on high-end mixed-used developments. By 2001, SITI diversified and undertook the construction and operation of a PHP 13.5 Billion 210-MW Power Plant Project in a joint venture with STEAG AG, a leading independent power producer in Germany.

The Engineering Procurement Construction was awarded to Kawasaki-Nissho Iwai. In 2008, State sold its shares in SPI, a practical move in achieving an excellent return on investment and retaining a small share as an original consortium member.


State Investment House, Inc. is a multi-function financial institution established in 1964 to provide an array of financial products and services through its different licenses and special authorities granted by the Bangko Sentral ng Pilipinas formerly Central Bank of the Philippines and the Securities and Exchange Commission.

Being one of the few non-bank financial intermediaries authorized by the Bangko Sentral to perform quasi-banking and trust functions, State operates both as an investment house and trust institution. It has continuing professional relationships with the major banking institutions locally as well as internationally.

From its inception, State has been involved in land banking activities and real estate development. A pioneer in the condominium industry, both in the construction and sale of condominiums in Metro Manila, State is also an early starter in the development of residential subdivision and industrial land.