Stock News 2013: Vista Land hikes capex to P20 billion

English: Manny Villar was seen on Tinalak/T'nalak Fiesta Street Parade and Street Dancing taken on South Cotabato SMRAA, Koronadal City during T'nalak Festival on July 18,2009. (Photo credit: Wikipedia)

The real estate unit of the Villar family is jacking up its capital spending to as much as P20 billion this year to take advantage of the robust demand.

Vista Land & Lifescapes Inc. will roll out more residential projects in the provinces in the next two to three months, its top official said.

“We are prepared to spend more than P18.5 billion....We might spend up to P20 billion,” Vista Land chairman and founder Sen. Manuel B. Villar said on the sidelines of the topping off ceremony of the first building of Wil Tower Mall.

Villar said Vista Land is looking to increase its capital expenditures to take advantage of increasing demand for house and lot units.

“We are going to launch 14 new projects in the next two to three months,” Villar said.

For this year, Vista Land will launch residential projects in 12 new locations. As of the first quarter, Vista Land had a presence in 31 provinces and 63 cities and municipalities around the country.

“We are going to open in Marbel in South Cotabato, Sta. Maria in Bulacan, Kalibo in Aklan, Silang in Cavite and Roxas City [in Capiz],” Villar said.

For 2013, Vista Land will launch P30 billion worth of projects offering 15,000 residential units, up from P25 billion and 12,000 units last year.

Villar said the bulk of Vista Land’s sales will come from the house and lot units given the strong demand from end-users and first time home owners.

Vista Land targets to grow its reservation sales by 15 to 20 percent to as much as P50 billion this year from P40.09 billion in 2012.

In terms of high-rise projects, Vista Land has nearly sold out units in the first building of the 42-storey Wil Tower Mall in Quezon City.

The project, in partnership with variety show host and celebrity Willie Revillame, includes a four-storey shopping mall.

Villar said the second tower that will require P1.5 billion in capital spending will be launched when the first building is sold out.

Villar said adjacent lots can also be developed to complement the Wil Tower Mall, which sells units at P3 million to P6 million each.

Vista Land will also expand its portfolio of shopping malls.

“Vista Land has four right now and we are putting up another four,” Villar said.

Specifically, the listed property firm will put up the new phases of Vista Mall in Presidio in Sucat and Evia in Daang Hari. It will also build a Vista Mall in San Fernando in Pampanga and in Antipolo.

http://www.philstar.com/business/2013/06/03/949378/vista-land-hikes-capex-p20-b

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Stock News 2012: Vista Land's Q1 income up 22% to P1.06 billion

Villar-led homebuilder Vista Land & Lifescapes Inc. said its first quarter net income grew 22 percent this year to P1.06 billion, fueled by pent-up demand in the residential market.

In a briefing yesterday, Vista Land chief financial officer Ricardo B. Tan Jr. said sales activity remained brisk with the continued low interest rates and steady remittance inflows from Filipinos working overseas.

Revenues rose 23 percent to P4.02 billion as reservation sales surged 52 percent to P10.14 billion. Subsidiaries Camella and Communities Philippines, which develop residential communities for the low and affordable segment, accounted for a combined 67 percent of Vista Land’s total revenues.

“The company’s performance for the first quarter was slightly better than expected. We are off to a good start and are on track to achieve our full year targets for 2012, “ Tan said.

Tan earlier said the company was looking to end the year with a 20 percent growth in earnings and revenues to around P4.2 billion and P16 billion, respectively.

“The market has been pretty resilient. While competition has been intensifying from other players, we feel that we have the advantage over them. We know the market better than anyone else,” Tan said.

Manuel Paolo Villar, president and chief executive officer of Vista Land, said the company has not seen any negative effects from the problems besetting Europe as it continued to attract OFWs.

“Camella continues to dominate the housing market nationwide, and as we execute our strategy of aggressively expanding in the provinces, our position as the dominant player in housing will be solidified even further,” Villar added.

The company introduced nine major subdivision projects during the period under review worth around P5 billion, Tan said.

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Stock News 2012: Vista Land inks long-term deal with Rustan's

Villar-led home builder Vista Land & Lifescapes Inc., signed a long-term lease agreement with Tantoco-owned Rustan’s Supercenters Inc.

In a disclosure to the Philippine Stock Exchange (PSE), Vista Land said Rustan’s Fresh Supermarket will be the anchor store in the first commercial building in Evia, its flagship development located in Las Piñas City.

Vista Land has already developed about 300 hectares of land in Evia, where the company currently offers residential house and lot units under its Brittany, Crown Asia, and Camella brands.

Manuel Paolo Villar, Vista Land’s chief executive officer, said: “Our company is pleased to be a partner with one of the country’s leading high-end supermarket chains, whose track record speaks for itself. We are extremely optimistic that Rustan’s will be very successful in Evia, and we look forward to other potential partnerships with the Rustan’s group in the future.”

For his part, Rustan’s president and CEO Donnie Tantoco said: “We are very optimistic about this partnership. Vista Land’s track record of success and its vision of providing quality housing for all is congruent with our own vision of bringing quality goods and experiences to every market that we enter. We look forward to the success of this development and to future projects together.”

Founded in 1998, Rustan’s Supercenters Inc. operates the Shopwise chain of hypermarkets and Rustan’s Supermarkets. It currently operates over 30 stores nationwide.

Vista Land said the move towards commercial developments in the area was part of Vista Land’s overall strategy since the residential projects have already reached “critical mass.”

Maria Leni Luya, Vista Land’s head of commercial operations, said that aside from Rustan’s, the group has also received offers from other major commercial operators that wish to set up shop in Evia.

http://www.philstar.com/Article.aspx?articleId=795046&publicationSubCategoryId=66

Stock News 2010: Vista Land to Roll Out P7.5-B New Condo Dev’t Projects

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Vista Land and Lifescapes is planning to roll out P7.5 billion worth of new vertical development projects in the next coming months to raise the total value to P12.5 billion by 2011.

According to Vista Land president Benjamarie N. Serrano, this is to capitalize on its successful offering of 17 low-rise and mid-rise buildings to different market segments valued at P5.03 billion this year.

Serrano said the company aims to corner a bigger share of the vertical home segment next year by adding new low-rise and mid-rise with residential condominiums and attract the growing number of buyers who prefer the features of this distinctive type of property development.

“We have opened a total of 17 low-rise and mid-rise buildings spread across different projects. We are tapping into our existing master-planned communities where we will incorporate more of these types of developments,” Serrano said.

She noted that “we have done these in our various projects in other areas and the demand has been encouraging.”

Serrano explained that building for the low-rise and mid-rise residential niche is a logical step for Vista Land, with the demand driven by end-users in the metropolis who want to enjoy the advantages of a low-rise or mid-rise development.

She disclosed that Vista Land will initially tap its existing properties, the biggest of which is Vista Lakefront, a sprawling, 60-hectare master-planned community in Sucat, Muntinlupa City.

The group has six of seven planned low-rise and mid-rise developments already completed in the vertical, resort themed Presidio enclave of Vista Lakefront.

http://www.mb.com.ph/articles/277063/vista-land-roll-out-p75b-new-condo-dev-t-projects

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Stocks News 2010: Philippines ALI's Amaia Land posts P595M in sales

Image via WikipediaAYALA Land Inc.’s (ALI) initial foray into the low-cost housing sector is showing better-than-expected results.
This, after a top ALI official disclosed that the first Amaia Land project in Laguna has generated about P595 million in sales since its launch in March.  
Rex Mendoza, ALI senior vice president and head for corporate sales and marketing, said 604 units—or almost half the total 1,309 units launched—in Amaia Scapes Laguna have been sold by end-July. 
“What we intended to sell in two years, we sold in a few months,” Mendoza told reporters in a chance interview.
“This is something that we should have done earlier.  There is a very strong take-up [for Amaia Scapes ].  In fact we are studying several new locations now for Amaia,” he added.
The traditionally high-end developer is considered a latecomer in the economic housing segment, which has been long dominated by companies such as Villar-led Vista Land & Lifescapes Inc.
Amaia Scapes sells homes valued at P1.25 million and below, targeting families with P20,000 to P50,000 in monthly income, the company said. Citing statistics, ALI said this represents a third of all households in the country.
Mendoza added that while Amaia Scapes is only selling house and lot packages, the developer is already studying walk up-type units.
Plans for the brand include expanding into new geographic areas outside Luzon. “The sky is the limit for Visayas and Mindanao. We are going to be using it for a market that, obviously, Ayala Land Premier, Alveo and Avida cannot be part of,” the company executive added.
ALI currently serves the high-end market through Ayala Land Premier, while it is also tapping the middle-income and affordable segments through Alveo Land and Avida Land, respectively.
Amaia Land president Leo Montenegro said earlier that possible locations for new projects include Cavite, Laguna, Batangas, Rizal, Quezon, Pampanga and Tarlac. The company has budgeted P1.08 billion for its three-year capital spending plan.
Meanwhile,  Amaia Scapes Laguna is expected to offer  a total of 1,800 units spread over 20 hectares.  ALI expects to generate P1.6 billion in sales until 2014.
Located in Calamba, Laguna, the development presently offers homes with living areas ranging from 25 square meters (sqm) to 56 sqm on lots measuring 40 sqm to 75 sqm.
Miguel R. Camus

August 17, 2010 20:44

http://businessmirror.com.ph/index.php?option=com_content&view=article&id=29059:amaia-land-posts-p595m-in-sales&catid=24:companies&Itemid=59

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