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.
In a statement over the weekend, the Villar-led property developer said it was revisiting its pipeline of projects for 2020 in light of changing consumer behavior due to the coronavirus pandemic. Its P25-billion capex this year is lower than its 2019 capex of P38.29 billion and 2018 capex of P45.05 billion. About 90% of the allocation is intended for construction and land development, while 10% is for land acquisition and payment of land payables.
“We are revisiting our planned project launches as well as the expansion program of our leasing business for the rest of the year. And as previously mentioned, we have the capacity to fast track construction if we deem it necessary,” VLL Chairman Manuel B. Villar, Jr. was quoted as saying.
The company’s plan is to continue building integrated urban development that combine retail, office and residential projects along with healthcare and leisure components.
It said it draws optimism from its residential business, which has been recording improving sales to about 70% of pre-pandemic levels since June. The growth is attributed to its investment in digital platforms, which allows buyers to connect with VLL online.
“We are hoping that these encouraging signs in our residential business will continue,” VLL President and CEO Manuel Paolo A. Villar said in the statement.
“With the growing importance of staying at home, we are also seeing an increased preference for our housing products especially in the provincial areas. We are now taking advantage of Vista Land’s geographic reach, being present in 147 cities and municipalities across the country,” he added.
VLL’s profits fell 8% to P2.34 billion in the first quarter due to delayed project completions. The pandemic-related lockdown pulled down its revenues by 3% to P9.93 billion with the suspension of construction activities.
Shares in VLL at the stock exchange ended Thursday’s session at P3.12 apiece, up six centavos or 1.96% from a day ago. — Denise A. Valdez

Vista to offer Dollar notes
May 04, 2011
Villar-owned property firm Vista Land & Lifescapes Inc. is set to raise fresh capital through the issuance of dollar notes, the company said on Wednesday.

Philippines' Vista Land plans dollar debt sale
May 04, 2011
Philippine property firm Vista Land & Lifescapes Inc said on Wednesday its board approved a plan to sell additional US dollar notes with the same terms as its maiden dollar bond issue last year.

Vista Land plans dollar bond offering
May 04, 2011
MANILA, Philippines—Villar-led Vista Land and Lifescapes Inc. plans another dollar bond sale to raise funds for its expansion to new areas in the country this year.

Vista Land on major expansion in 16 new locations nationwide
May 02, 2011
MANILA, Philippines – Vista Land and Lifescapes, Inc., the country’s largest homebuilder, is undertaking a major expansion drive to 16 new areas across the country within the next 12 months.

Vista Land to exceed 2010 net income and sales targets
November 09, 2010
Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported that the company may exceed its core net income and sales targets for fiscal year 2010. For the first nine months of the year, Vista Land’s real estate revenues were P8.2 billi

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