Boutique developer Livingsprings bets on demand for horizontal, nature-inspired living

LIVINGSPRINGS Communities Realty and Development Corp. (LCRDC), a premium boutique developer, is focusing on more wellness-themed residential projects outside the Philippine capital as more Filipinos seek nature-inspired and sustainability-led developments beyond the metro.

- By Beatriz Marie D. Cruz Reporter

“We are definitely hoping to increase our revenue moving into house and lots. We're looking forward to 300% growth,” Monica Therese “Monique” C. Albert Lopez, co-founder and managing director at LCRDC, said in an interview with Business World.

She said the company is optimistic about achieving quadruple growth in revenues, driven by rising demand for horizontal residential properties, higher foreign remittances, and stronger take-up during the holiday season.

“Especially during the pandemic, people realized how important wellness and a sound mind is, as opposed to living ina concrete box,” Ms. Lopez said.

Outside the Philippine capital, the average take-up rate of house-and-lot (H&L) units ranged from 86% to 98% as of the end of the second quarter, according to property consultancy firm Colliers Philippines.

The shift from vertical to horizontal developments is driven by growing demand for more open spaces and residential properties with sustainability features, Colliers also said.

It also cited improved road networks connecting to Metro Manila and sustained price appreciation in H&L properties.