Sta Lucia spending P20 billion over 3 years for expansion

MANILA, Philippines — Sta. Lucia Land Inc. (SLI) is pouring in P20 billion in capital expenditures over the next three years to fund its expansion across the country.

Of the amount, the company has allotted more than P16 billion to develop a robust pipeline of projects in key locations within and outside Metro Manila, including Bulacan, Rizal, Batangas, Iloilo, Pangasinan, Palawan, Cebu and Davao.

For this year alone, SLI is set to launch 28 new residential and commercial projects and five condominium and hotel projects.

This pipeline of projects is seen generating an estimated P20 billion in reservation sales over the next three years.

Among the new projects are Sotogrande Fairview and Acropolis Loyola in Quezon City, Orchard Towers in Pasig City Green Peak Heights Phase 3, Rizal Technopark, and Sta. Lucia Residences Towers in Rizal; Aquamira at Saddle and Rockville in Cavite; Golden Meadows Phase 2D in Laguna, Ponte Verde de Sto. Tomas and Yanarra Seaside Residences in Batangas, Colinas Verdes Expansion in Bulacan and the Woodside Garden Village in Pangasinan.

There are also projects in Iloilo, Cebu and Davao.

The company also plans to spend P4 billion to further expand its growing land bank.

Over the past several years, SLI has been increasing its land banking activities in Cavite, Laguna, Batangas, Rizal, Baler, Palawan, Iloilo, Cebu, Davao, Silay City in Bacolod and in different parts of Metro Manila.

SLI, as nationwide builder of masterplanned communities in the countryside, is not only mindful of the potential impact of this infrastructure initiative on its current portfolio, but is likewise ready to take on more projects that will enhance the development in the provinces and the countryside by continuing to extend its legacy.

SLI’s portfolio consists of horizontal and vertical properties across the country, as well as a shopping mall in Cainta, Rizal named Sta. Lucia Mall with clients comprising of families, overseas Filipino workers, foreign investors, retirees, young urban professionals, and newly-married couples, among others.

The company has two subsidiaries, namely, Sta. Lucia Homes Inc. (SLHI) and Santalucia Ventures Inc. (SVI).

SLHI is engaged in property development and construction, while SVI is engaged in marketing and advertising.