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Sta. Lucia allots P5.62 B for capex
The Philippine Star
|June 17, 2024
Listed real estate developer Sta. Lucia Land Inc. is beefing up its capital spending this year to develop more projects and further expand its land bank.
Sta. Lucia has earmarked P5.62 billion for its capital expenditures this year, of which P4.5 billion will be used for project development and P1.12 billion will be utilized for land acquisitions.
The company said the amount would be funded by its capital resources.
Last year, Sta. Lucia allocated P5.04 billion for project and capital expenditures to meet the rising demand for real estate.
For its expansion plans, the company said it continues to selectively explore land acquisitions, focusing on key emerging areas where it has successfully developed and sold projects.
Denne historien er fra June 17, 2024-utgaven av The Philippine Star.
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