Sta Lucia, Crown Central tie up for Laguna residential project

Sta. Lucia Realty and Development Inc. has inked an agreement with Crown Central Properties Corp. (CCPC), a joint venture between publicly-listed Crown Equities Inc. and Solid Share Holdings, for the development of a residential subdivision in Biñan, Laguna.

In a disclosure to the Philippine Stock Exchange, Crown Equities president Danilo Venida said the agreement provides that Sta. Lucia will develop CCPC’s 28-hectare property in Biñan, Laguna into a middle-class residential enclave within three years.

Last June, Sta. Lucia forged a similar agreement with Araneta Properties Inc. for the development of a portion of the latter’s 1,500 hectare property in San Jose del Monte, Bulacan.

The project entails the development of an exclusive mixed-use residential-commercial subdivision with a country club over a period of four years.

Sta. Lucia is one of the most recognized names in the real estate industry, delivering first-class and medium-class residential subdivisions totaling 3,000 hectares all over the country.

The company has also successfully ventured into the development of a commercial, entertainment and leisure facility with its Sta. Lucia East Grand Mall and into golf course development with its the Orchard Residential Estates and Golf and Country Club in Cavite.

Through the continued growth of its original real estate business, Sta. Lucia has greatly expanded its presence in new markets while strengthening its hold of existing markets. – Zinnia dela Peña