Posted at 05/11/2012 10:16 AM | Updated as of 05/11/2012 10:51 AM
MANILA, Philippines - Vista Land & Lifescapes is the largest homebuilder in the country, according to a property market report 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% of the over 80,000 units of reservation sales in 2011 with the middle-income as their primary market,” Colliers said in its March 2012 report.
Vista Land, a property company owned by the family of Sen. Manuel Villar, was cited for its good track record in developing communities even before other property companies come in. The company currently has condominium and subdivision projects in over 50 cities and municipalities around the country.
For 2012, Vista Land is seeing continued strong performance. Manuel Paolo Villar, president and CEO, said the company is projecting around 20% growth in revenues and earnings.
For 2012, Vista Land is seeing continued strong performance. Manuel Paolo Villar, president and CEO, said the company is projecting around 20% growth in revenues and earnings.
"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 said.
The company is planning to spend more than P15 billion in capital expenditures for 2012.
Vista Land is the listed holding company of Brittany, Crown Asia, Camella Homes, Communities Philippines and Vista Residences. In 2011, the company generated P13.5 billion in revenues and P3.5 billion in net income.
For information about Vista Land projects, you may visit our website at http://www.yourwiseinvestment.com
3 comments:
Nice report property leads
Thanks for sharing this very interesting information about Villar's Vista Land and this is very amazing to know that they have the largest homebuilder in PH. I really appreciate your effort and I am truly glad to find this kind of Property in Philippines.
We all know that Villar Vista Land is one of the largest homebuilder in Philippine and having a properties there is really an honor. Thanks.
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