March 21, 2013
MANILA, Philippines - Vista Land & Lifescapes, Inc., real estate firm founded by Sen. Manuel Villar, reported a net income of P4.4 billion in 2012, a record high. In a statement to the stock exchange on Thursday, March 21, Vista Land said its financial performance exceeded the P4.2 billion goal for 2012, citing record sales. “We are very pleased to report that we have once again exceeded our targets for the year,” Manuel Paolo Villar, Vista Land’s Chief Executive Officer and son of Sen. Villar, said in a statement. The 2012 earnings performance translates to a 25.7% increase from 2011's P3.5 billion net. A year ago, its net income rose 17%. Real estate sales reached P16.3 billion in 2012, an all-time high. Total assets stood at P74.3 billion in 2012 against P67.6 billion a year ago. It has a land bank of 1,962 hectares nationwide. “Our strategy is paying off handsomely and given the strength of the property market, particularly housing, we will continue to focus on bringing the Camella brand to families around the country," Villar added. Vista Land is the holding company of 5 business units: Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences. "The market demand for housing, particularly for Camella in the provinces, continues to be robust and we don’t see any risk of a slowdown in that segment," Ricardo B. Tan, Jr, Vista Land’s Chief Financial Officer, said about prospects for 2013. Vista Land is mulling a capital restructuring plan, which is part of moves to raise funds in the future without breaking foreign ownership rules. - Rappler.com
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Vista Land readies P32-B housing plans January 30, 2012 PROPERTY DEVELOPER Vista Land & Lifescapes, Inc. plans to launch 32 residential subdivision developments worth P32 billion this year in a bid to serve robust demand from overseas Filipino workers (OFWs). Read More >> |
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Low-end housing capex is P32B January 30, 2012 VISTA Land and Lifescapes Inc. has set aside P32 billion as capital expenditure for the year as it plans to launch 32 residential subdivision projects nationwide. Read More >> |
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Vista Land launching 32 residential projects in ’12 January 30, 2012 Vista Land and Lifescapes Inc., the property company owned by Senator Manuel Villar, is launching 32 subdivision projects worth P32 billion this year in a bid to cement its position as the country’s leading house and lot developer. Read More >> |
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Vista Land to build condominium project January 16, 2012 Vista Lands and Lifescapes Inc plans to spend PHP400 million (US.14 million) on a new condominium project in Pasig City under its flagship Camella Homes brand. The project dubbed Camella Condo Homes Pasig (CCH-Pasig) will be a single mid-rise 10-storey Read More >> |
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Vista Land allots P400M for mid-rise condo project January 16, 2012 MANILA, Philippines - Vista Land and Lifescapes Inc., a listed residential developer controlled by the family of Sen. Manuel Villar Jr., is allotting P400 million to build a residential condominium in Pasig under its Camella Homes brand. Read More >> |
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