Globe Asiatique

Globe Asiatique, formally Globe Asiatique Realty Holdings Corp., is a Philippine real-estate company founded by Delfin Lee in 1994. The developer was established with a social-housing and mass-market orientation, seeking to provide relatively affordable homes and residential lots for low- and middle-income households. Its projects relied in part on financing available through the Home Development Mutual Fund, commonly known as the Pag-IBIG Fund, a government-linked Philippine housing finance institution. The company's first identified residential development was Santa Barbara Villas I in San Mateo, Rizal. Initially conceived as housing for approximately 300 employees, the project ultimately expanded to about 3,500 houses. During the 2000s, Globe Asiatique expanded its portfolio beyond individual subdivisions into larger residential townships, condominium developments, business-oriented property and high-rise housing. Its best-known township platform was Xevera, with projects in Pampanga and later in Calapan, Oriental Mindoro. The company also developed communities such as Saint Monique Valais, Casa Ibiza, The Enclave, Chateau Valenzuela and Golden City Business Park. Globe Asiatique also entered the Metro Manila high-rise market. Its first residential tower, GA Tower Condominium I, was developed along EDSA in 2003, followed by GA Tower II and the G.A. Twin Towers. Construction of GA Skysuites began in 2007; the project was subsequently known as Skysuites Tower. The company promoted its properties through mainstream entertainment and television partnerships, including arrangements with ABS-CBN programs such as Wowowee, Pinoy Big Brother and Pinoy Dream Academy. It supplied housing or condominium prizes and used television exposure to reach both domestic buyers and Filipinos living overseas. The company received industry recognition in 2007 as the Most Pioneering and Responsive Developer at the Real Estate Development Awards. In 2009, it reported income of PHP 502 million, according to the cited reference material, and was described as a significant Philippine property developer. Globe Asiatique considered an initial public offering on the Philippine Stock Exchange in 2010, but the proposed listing did not proceed, in part amid the effects of the 2008 global financial crisis. Globe Asiatique's expansion was followed by a major crisis involving alleged irregularities in housing loans connected with Xevera Homes in Pampanga. Pag-IBIG Fund personnel alleged that loans had been granted to fictitious or so-called ghost borrowers. Globe Asiatique executives, including Delfin Lee, were charged in connection with the allegations. Lee denied the accusations and maintained that properties had not been double-sold. He was arrested in 2014 and was later released on bail in 2018 after the charge was reduced from syndicated estafa to simple estafa. The controversy contributed to the company's decline during the 2010s and affected several development plans and assets. The planned campus subdivision in Bacolod was halted. GA Skysuites was foreclosed by Rizal Commercial Banking Corporation in 2010 and later acquired by DoubleDragon Properties in 2014. In 2020, Westchester Realty Corp. acquired three Pampanga properties associated with the Xevera portfolio. Court proceedings continued for years; reference material states that in February 2026 a regional trial court cleared Lee and three other Globe Asiatique executives, together with a Pag-IBIG Fund chief, after granting a demurrer to evidence. The company's current operating condition, ownership and corporate status are not established by the supplied material.

Globe Asiatique Realty Holding was incorporated on November 22, 1994, with Delfin Lee as founder. Its original business concept focused on housing for low- and middle-income Filipinos, with the Pag-IBIG Fund housing-loan program helping make homes and lots more accessible. The company's first reported project was Santa Barbara Villas I in San Mateo, Rizal. Although initially intended to house Lee's workforce, the development grew into a substantially larger community of roughly 3,500 homes. The company expanded rapidly during the 2000s. Its activities included subdivision housing, township development, condominiums and urban high-rises. Xevera Homes became its principal township brand, with developments in Bacolor and Mabalacat, Pampanga. Related projects included Saint Monique Valais in Rizal, Casa Ibiza in Antipolo, The Enclave in Pampanga, Chateau Valenzuela in Metro Manila and Golden City Business Park in Bulacan. Globe Asiatique also established an urban residential presence along EDSA through GA Tower Condominium I, GA Tower II, the G.A. Twin Towers and the project that began as GA Skysuites. Marketing was an important part of the company's expansion. Globe Asiatique partnered with ABS-CBN and provided house-and-lot or condominium prizes for programs including Wowowee, Pinoy Big Brother and Pinoy Dream Academy. The Pinoy Big Brother house was modeled on a typical Globe Asiatique residence at Saint Monique Valais. The developer also purchased advertising on highly rated ABS-CBN programs broadcast through The Filipino Channel to reach overseas Filipinos. Globe Asiatique received a 2007 Real Estate Development Award recognizing it as a pioneering and responsive developer. In 2009, it reported income of PHP 502 million. The company planned to pursue a Philippine Stock Exchange listing in 2010, but the proposed initial public offering was abandoned. The same period brought allegations involving transactions with the Pag-IBIG Fund. Fund personnel alleged that Globe Asiatique had helped obtain housing loans for ghost borrowers purchasing units at Xevera Homes in Pampanga. The allegations led to criminal charges for syndicated estafa against Lee and other company executives in 2012. The dispute became the defining event in the company's later history. Lee was arrested in March 2014, denied the allegations and stated that no homes had been double-sold. He was released on bail in September 2018 after the charge was downgraded to simple estafa. The controversy coincided with Globe Asiatique's decline during the 2010s. A planned campus subdivision in Bacolod was halted, while GA Skysuites was foreclosed by Rizal Commercial Banking Corporation in September 2010 and later acquired by DoubleDragon Properties in 2014. The Xevera portfolio subsequently changed hands in part. Westchester Realty Corp. acquired three Pampanga properties in 2020. Reference material further states that a regional trial court in San Fernando, Pampanga cleared Lee, three other Globe Asiatique executives and a Pag-IBIG Fund chief in February 2026 after granting a demurrer to evidence. The supplied material does not establish whether Globe Asiatique remains actively operating, its current ownership, or its current corporate leadership.

• 2026

  Trial court grants demurrer to evidence

  [1]Globe Asiatiqueen.wikipedia.org

  A regional trial court cleared Lee and other defendants in the criminal case described in the reference material.

• 2020

  Pampanga properties sold

  [1]Globe Asiatiqueen.wikipedia.org

  Westchester Realty Corp. acquired three Pampanga properties associated with Xevera.

• 2014

  Skysuites Tower acquired by DoubleDragon

  [1]Globe Asiatiqueen.wikipedia.org

  DoubleDragon Properties acquired the foreclosed high-rise property that had been developed as GA Skysuites.

• 2012

  Executives charged in housing-loan case

  [1]Globe Asiatiqueen.wikipedia.org

  Delfin Lee and other Globe Asiatique executives were charged with syndicated estafa in connection with alleged Pag-IBIG Fund loan irregularities.

• 2010

  Proposed stock-market debut is abandoned

  [1]Globe Asiatiqueen.wikipedia.org

  Globe Asiatique did not complete its proposed initial public offering on the Philippine Stock Exchange.

• 2009

  Reported record income

  [1]Globe Asiatiqueen.wikipedia.org

  The company reported income of PHP 502 million in 2009.

• 2007

  Industry recognition and GA Skysuites construction

  [1]Globe Asiatiqueen.wikipedia.org

  Globe Asiatique received recognition as the Most Pioneering and Responsive Developer and began construction of GA Skysuites.

• 2003

  Entry into high-rise residential development

  [1]Globe Asiatiqueen.wikipedia.org

  The company developed GA Tower Condominium I along EDSA, its first identified residential high-rise.

• 1994

  Incorporation and first housing project

  [1]Globe Asiatiqueen.wikipedia.org

  Globe Asiatique Realty Holding was incorporated on November 22, 1994, and launched Santa Barbara Villas I in San Mateo, Rizal.

Mass-market and affordable residential development, combining socialized housing, subdivision communities, township-scale projects and urban condominiums.

• Township and subdivision housing

  Xevera Homes

  Xevera is Globe Asiatique's flagship township platform. The portfolio included residential communities in Mabalacat and Bacolor, Pampanga, as well as Sameera Angeles City and Xevera Neo-Calapan in Calapan, Oriental Mindoro. The projects were positioned around affordable house-and-lot ownership and were central to the company's mass-market strategy.

• Socialized housing subdivision · 1994

  Santa Barbara Villas

  Santa Barbara Villas I in San Mateo, Rizal was Globe Asiatique's first reported residential project. It began as an intended employee-housing development but expanded into a much larger community of approximately 3,500 houses, reflecting the company's early emphasis on lower-cost housing.

• Residential subdivision · 2003

  Saint Monique Valais

  Saint Monique Valais is a Globe Asiatique residential subdivision in Rizal. It also served as a marketing reference point when the Pinoy Big Brother house was modeled on a typical home from the development.

• Condominium complex · 2003

  Chateau Valenzuela

  Chateau Valenzuela is a Metro Manila residential complex comprising 18 six-storey condominium buildings designed in a Mediterranean style. It formed part of Globe Asiatique's move into denser urban residential formats.

• High-rise condominium · 2003

  GA Tower Condominium

  GA Tower Condominium I, followed by GA Tower II and the G.A. Twin Towers, represented Globe Asiatique's high-rise residential projects along EDSA in Metro Manila.

• High-rise residential tower · 2007

  GA Skysuites

  GA Skysuites was a high-rise residential project whose construction began in 2007. After foreclosure, the property became known as Skysuites Tower and was later acquired by DoubleDragon Properties.

• Residential development · 2005

  Casa Ibiza

  Casa Ibiza is a Globe Asiatique residential development in Antipolo, Rizal, included among the company's projects established during its 2000s expansion.

• Business park · 2005

  Golden City Business Park

  Golden City Business Park in Bulacan broadened Globe Asiatique's property portfolio beyond residential subdivisions and condominiums into business-oriented real estate.

• Residential development · 2006

  The Enclave

  The Enclave is a Globe Asiatique residential project in Pampanga developed during the company's major expansion period in the 2000s.

• 2010

  Pag-IBIG Fund ghost-borrower allegations

  Pag-IBIG Fund personnel alleged that Globe Asiatique-related housing loans for Xevera Homes in Pampanga had been granted to fictitious borrowers. The allegations triggered investigations, negative publicity and a long-running criminal case.

  Source

Read more

• ABS-CBN program prize partnerships

  Philippines · Overseas Filipino market

  Globe Asiatique partnered with ABS-CBN programs including Wowowee, Pinoy Big Brother and Pinoy Dream Academy, providing house-and-lot or condominium prizes and using entertainment programming to promote its developments.

  Outcome. The partnerships increased brand visibility among domestic audiences and overseas Filipinos, although the supplied material does not provide campaign performance figures.

  Source
• The Filipino Channel advertising

  Overseas Filipino market

  The company purchased television spots on high-performing ABS-CBN programs broadcast through The Filipino Channel to market homes and condominiums to Filipinos abroad.

  Outcome. The campaign extended Globe Asiatique's reach beyond the domestic Philippine housing market; no quantitative outcome is supplied.

  Source

• 2010

  Abandonment of planned initial public offeringStrategy

  Background

  Globe Asiatique had planned to debut on the Philippine Stock Exchange, but the proposal came amid the effects of the 2008 financial crisis and increasing scrutiny of its Pag-IBIG-related transactions.

  Action taken

  The company did not proceed with its planned initial public offering.

  Aftermath

  Globe Asiatique remained unlisted, while the housing-loan controversy became central to its subsequent decline.

  Source

• 2007

  Launch of GA Skysuites constructionProduct launch

  Background

  After developing several subdivision and condominium projects, Globe Asiatique expanded its EDSA high-rise portfolio.

  Action taken

  The company began construction of GA Skysuites, later known as Skysuites Tower.

  Aftermath

  The property was foreclosed in 2010 and acquired by DoubleDragon Properties in 2014.

  Source

1. 1Globe Asiatiqueen.wikipedia.org