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Vista Land spending P30 B this year
The Philippine Star
|May 24, 2024
The Villar Group's listed property developer has earmarked P30 billion this year to boost its residential offering and expand its land bank.
Vista Land & Lifescapes Inc.president and CEO Manuel Paolo Villar said 98 percent of this year's capital expenditures budget would be for residential units' construction and land development.
The remaining two percent would be used for land acquisition as well as investment properties construction.
From January to March, Vista Land posted an 11 percent year-on-year jump in net income to P3 billion as the company launched P10.1 billion worth of projects across the country.
Revenue generated by the company during the period likewise rose by 11 percent to P10 billion, with real estate revenue reaching P5 billion and rental income amounting to P4.1 billion.
Dit verhaal komt uit de May 24, 2024-editie van The Philippine Star.
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