Sta. Lucia Land, Inc. to Spend over PHP 5 Billion for 2018 Expansion
April 30, 2018 at 02:21 am EDT
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Sta. Lucia Land, Inc. (SLI) is looking to spend over PHP 5 billion this year 2018 for land acquisition and property development across the country. The company had so far purchased over 1,000 hectares (ha) of land ready for development, which are mostly located in areas outside of Metro Manila such as Davao, Iloilo, Bacolod, Laguna, Cavite, Baguio, and Pangasinan. In Metro Manila, the company has acquired properties in Quezon City, Marikina, and Pasig City. Altogether, the 1,000 hectares of land can be developed into 25 projects. For 2018, SLI is targeting to commence at least 10 new developments that are projected to generate around PHP 15 billion in sales. These future projects include Green Peak Heights in Palawan; Nasacosta in Batangas; La Alegria in Silay City, Negros; Sotogrande in Davao; Santorini in Cainta; and the Sta Lucia Business Center in Pasig City. All the projects will be built through joint venture agreements. To date, construction of 40 projects nationwide is under way.
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. 
