Written by : James Konstantin Galvez, Reporter
The Villar-led Vista Land and
Lifescapes is now the Philippines’ largest homebuilder.
This was confirmed by a market report
prepared by Colliers International Philippines Inc.
“Based on a market scan of various
vertical and horizontal residential projects in the Philippines developed by 14
major players in the real estate industry, Vista Land has captured 22 percent
of the over 80,000 units of reservation sales in 2011 with the middle-income as
their primary market,” Colliers said in its report dated March 2012.
The advantage of Vista Land is that
they have a good track record in developing livable communities in the country
even before the other players came in, it added.
Vista Land has condominium and
subdivision projects in over 50 cities and municipalities. With this wide
coverage, the company is the largest homebuilder in the country.
Vista Land President and Chief
Executive Officer Manuel Paolo Villar stated that the company expects continued
strong performance in 2012.
“We are projecting around 20 percent
revenue and earnings growth for 2012 which should result in another record year
for our company,” he said.
“Demand for housing in the Philippines
continues to be very strong so we are expecting robust growth in reservation
sales given our planned project launches countrywide,” Villar added.
Vista Land’s planned capital
expenditure outlay is projected to exceed P15 billion for 2012.
Vista Land is the holding company of
five business units, namely Brittany, Crown Asia, Camella Homes, Communities
Philippines and Vista Residences.
The company generated P13.5 billion in
revenues and P3.5 billion in net income in 2011. Its consolidated assets
totaled P67.6 billion compared to P60.5 billion in 2011.
It also recently raised P 4.5 billion
through the issuance of unsecured domestic corporate notes.
Vista Land is recognized for its
themed and master-planned communities that offer quality housing across all
market segments.
Its stock (ticker:VLL), which is
listed on the Philippine Stock Exchange, has increased about 50 percent since
the beginning of the year.
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