Sta. Lucia Land, Inc. Approves Credit Accommodation Deal with China Banking Corporation Trust and Asset Management Group and Rizal Commercial Banking Corporation Trust and Investments Group
August 19, 2020 at 10:12 pm EDT
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Sta. Lucia Land, Inc. at its board meeting held on August 20, 2020 approved resolution authorizing the Corporation to transact and deal with China Banking Corporation Trust and Asset Management Group for the purpose of securing credit accommodations of up to PHP 1 Billion and with Rizal Commercial Banking Corporation Trust and Investments Group for the purpose of securing credit accommodations of up to PHP 300 Million.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
Sta. Lucia Land, Inc. Approves Credit Accommodation Deal with China Banking Corporation Trust and Asset Management Group and Rizal Commercial Banking Corporation Trust and Investments Group
STA. LUCIA LAND, INC. 
