Vista Land nets P3.5 billion; reservation sales on an upward trend
August 17, 2020

Vista Land & Lifescapes, Inc.,one of the country’s leading integrated property developers and the largest homebuilder generated consolidated total revenues of P18.3 billion and consolidated net income of P3.5 billion for the first six months of 2020, a decline of 22% and 39%, respectively from the same period last year due to the impact of COVID19 on the Company’s operations. 

In terms of its capital expenditures, the Company already spent P9.4 billion during the first six months of the year. “This pandemic has impacted our performance for the first half of the year, both on our leasing and residential businesses, and we still expect the rest of the year to be challenging,” said Manuel B. Villar, Jr., Vista Land Chairman. The Company, however, has adapted to the “new normal mindset” and has aggressively shifted to digital platforms for its marketing initiatives. “We are seeing some positive signs of recovery especially in our residential business as the economy reopened last June. In fact, our June sales are already at about 70% of pre-COVID level with sales in July tracking better than June,” he added.

The Company’s total consolidated assets as of 30 June 2020 stood at P274.8 billion.

 “We have launched a total of P1.8 billion in terms of project value for the first half of the year, all of which are located outside Mega Manila to capitalize on the traction we have gained for our housing producs in the provincial areas amid this pandemic. We are continuously revisiting our planned project launches as well as the expansion program of our leasing business and are always making the necessary adjustments to our operations in order to better position the company once the economy recovers,” said Vista Land President & CEO, Manuel Paolo A. Villlar.

Vista Land intends to focus on the development of Communicities, an integrated urban developments combining lifestyle retail, prime office space, university town, healthcare, themed residential developments and leisure components.

Villar’s Vista Land sets P25-B capex
August 03, 2020
VISTA LAND & LIFESCAPES, Inc. (VLL) is allocating P25 billion for capital expenditures (capex) this year to continue supporting construction and land banking plans.

Vista Land raises US200M from note issue
July 14, 2020
Vista Land & Lifescapes, Inc., one of the country’s largest integrated developers and the biggest homebuilder, has successfully raised US0 million from the issuance of 7.25 percent Senior Guaranteed Notes Due 2027.

Vista Land raises P10B from bond offer
December 16, 2019
Vista Land and Lifescapes, one of the country’s leading property developers and the biggest homebuilder, has raised P10 billion from its recent bond offering.

Vista Land sets interest rates for retail bond offering
November 29, 2019
VISTA LAND & Lifescapes, Inc. (VLL) has set the interest rates for the fixed-rate retail bonds worth up to P10 billion that it is set to issue next month.

Vista Land bond issue secures top credit rating
November 19, 2019
VILLAR-LED Vista Land & Lifescapes, Inc.’s (VLL) planned P10-billion bond issuance received the top credit rating from a local debt watcher.

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