DoubleDragon Corporation
Also known as: DoubleDragon Corporation · DoubleDragon Properties · DD
Definition
DoubleDragon Corporation is a major Philippine real estate developer and holding company joint-ventured by Edgar ‘Injap’ Sia II (founder of Mang Inasal) and Tony Tan Caktiong (founder of Jollibee Foods Corporation). Headquartered in Pasay City, the company focuses on community retail shopping centers (under the CityMall brand), office buildings (DoubleDragon Plaza), industrial warehouses (CentralHub), and hospitality brands (Hotel 101). The company’s unique hotel model allows buyers to purchase individual condotel units for passive rental income. (Wikipedia, DoubleDragon Govt)
Identities
| Source Type | Identity |
|---|---|
| Wikipedia | DoubleDragon Corporation |
| Wikidata | Q25209040 |
| DBpedia | DoubleDragon_Corporation |
| ProductOntology | N/A |
| Wiktionary | N/A |
| Library of Congress Subject Headings (LCSH) | N/A |
| MeSH | N/A |
| NCBI Taxonomy | N/A |
| AGROVOC | N/A |
| Google Scholar | DoubleDragon Corporation real estate CityMall Hotel 101 Injap |
| ConceptNet | N/A |
| OpenCyc | N/A |
Also Known As
- DoubleDragon Corporation
- DoubleDragon Properties
- DD
Examples and Analogies
- DoubleDragon Plaza: A massive commercial office complex in DD Meridian Park, Pasay City, catering to BPO and corporate offices.
- CityMall Cotabato: A community mall providing organized retail spaces, supermarket, and dining brands to regional provincial populations.
Usage Scenarios
1. Investing in a Hotel 101 Unit
An investor purchases a condotel unit in Hotel 101 Fort to receive a share of the monthly hotel room revenues.
2. Leasing Warehouse Space in CentralHub
A logistics company leases a 5,000-square-meter warehouse in CentralHub Tarlac to store consumer goods.
Strategies
- Target community-mall retail spaces in emerging provincial cities with low penetration of national shopping chains.
- Diversify real estate investments into condotel hospitality models to generate stable recurring rental yields.
Security and Safety Measures
- Ensure that condotel investments have clear Condominium Certificates of Title (CCT) and leaseback terms.
- Verify the terms of the master deed and restrictions for commercial properties before purchasing units.
Historical Context
DoubleDragon was originally incorporated as Injap Land Corporation in 2009 by Edgar Sia II. In 2012, Tony Tan Caktiong’s holding firm acquired a 50% stake, and the company was renamed DoubleDragon Properties Corporation. The firm went public on the Philippine Stock Exchange in 2014. In 2021, it changed its name to DoubleDragon Corporation to reflect its expanding international investments, including the global rollout of its Hotel 101 brand. (Wikipedia)
Challenges and Controversies
Interest Rate Risks
The company’s expansion is highly capital-intensive, making it sensitive to high interest rates on corporate bonds and loans.
High Competition in BPO Leasing
Office property segments face high vacancy risks during shifts toward work-from-home models by BPO tenants.