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 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.

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

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.

Vista Land to work on P400-M Pasig condo
January 15, 2012
LISTED PROPERTY DEVELOPER Vista Land & Lifescapes, Inc. plans to spend P400 million on a new condominium project in Pasig City under its flagship Camella Homes brand, the company said in a press statement on Saturday.

Vista Land units to hike capital
January 09, 2012
FOLLOWING THE increase in capital stock of its three subsidiaries last week, two more Vista Land and Lifescapes, Inc. units yesterday secured the approval of the Securities and Exchange Commission (SEC) to hike their capital stocks as the company prepares

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