Thursday,
May 10, 2012
Manuel
B. Villar-led Vista Land & Lifescapes is 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 a report
dated March 2012.
According
to the said report, “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.”
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.
Company
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,” Villar 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,”
he 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 totalled P67.6 billion compared to P60.5 billion
in 2010. The company has also recently successfully raised P4.5 billion pesos
through the issuance of unsecured domestic corporate notes.
Vista
Land is recognized for its themed and masterplanned 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.
Published in the Sun.Star Cebu
newspaper on May 11, 2012.
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