MANILA, Philippines - Manuel B. Villar-led Vista Land & Lifescapes is the Philippines’ largest homebuilder.
This was confirmed by a market report prepared by Colliers International Philippines Inc.
“Based on a market scan of various vertical and horizontal residential projects in the Philippines developed by 14 major players in the real estate industry, Vista Land has captured 22 percent of the over 80,000 units of reservation sales in 2011 with the middle-income as their primary market,” Colliers said in its report dated March 2012. The advantage of Vista Land is that they have a good track record in developing livable communities in the country even before the other players came in.”
Vista Land has condominium and subdivision projects in over 50 cities and municipalities. With this wide coverage, the company is the largest homebuilder in the country.
Company president and chief executive officer Manuel Paolo Villar stated that the company expects continued strong performance in 2012. “We are projecting around 20 percent revenue and earnings growth for 2012 which should result in another record year for our company,” Villar said. “Demand for housing in the Philippines continues to be very strong so we are expecting robust growth in reservation sales given our planned project launches countrywide.”
Vista Land’s planned capital expenditure outlay is projected to exceed P15 billion for 2012.
Vista Land is the holding company of five business units, namely, Brittany, Crown Asia, Camella Homes, Communities Philippines and Vista Residences. The company generated P13.5 billion in revenues and P3.5 billion in net income in 2011. Its consolidated assets totalled P67.6 billion compared to P60.5 billion in 2010. The company has also recently successfully raised P4.5 billion through the issuance of unsecured domestic corporate notes.