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 Land posts 29% income growth
August 13, 2010
Villar-led property developer Vista Land & LIfescapes Inc. grew its first-half net profit by 28 percent year-on-year to P1.3 billion on robust home sales driven by overseas Filipino worker-backed buyers.

Megaworld, Vista Land hike incomes
August 13, 2010
Leading property developers Vista Land and Lifescapes Inc. and Megaworld Corp. reported strong first-half profits on higher sales.

Vista Land to tap P1B in new borrowings
August 13, 2010
Listed real estate developer Vista Land & Lifescapes Inc. is eyeing over a billion pesos in new borrowings in anticipation of a pickup in the real estate industry.

Vista Land net profit up 28% to P1.32B
August 13, 2010
Vista Land & Lifescapes, Inc., the country's largest homebuilder, reported a 28 percent jump in first half earnings to P1.32 billion from P1.03 billion in the same period of 2009 and now expects net income this year to rise 22 percent to P2.8 billion from

Vista Land doubles presence to 37 provinces nationwide
August 10, 2010
Vista Land & Lifescapes Inc., the holding firm for majority of the real estate properties of the family of Sen. Manuel Villar, is doubling its reach to 37 provinces as it aims to further cement its strong foothold in the housing market.

previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | next
Home About Vista Land News Investor Relations Contact Us Privacy Policy

Vista Land & Lifescapes, Inc. Upper Ground Floor, Worldwide Corporate Center, Shaw Boulevard, Mandaluyong City, 1552 Philippines

Copyright 2011-2017 Vista Land & Lifescapes Inc.