A significant shift in investment strategy is underway, with approximately 12 to 14 billion pesos earmarked for development projects this year. This represents a focused approach following a robust year where net income reached 4.03 billion pesos.
The company’s financial strategy is prioritizing project development, anticipating that 60 to 70 percent of the allocated capital will be directed towards bringing projects to fruition. This move underscores a commitment to tangible progress and delivering on existing commitments.
Consolidated revenues for the past year reached 18.5 billion pesos, fueled by successful project completions and consistent construction momentum. This performance highlights the company’s ability to navigate challenges and maintain a strong revenue stream.
Excluding land sales, core real estate revenue experienced a 10% increase, climbing to 17.3 billion pesos. This demonstrates the enduring strength of the residential market and its position as the primary driver of financial success.
Demand for properties remains exceptionally strong, evidenced by a surge in residential reservations to 24.6 billion pesos. This represents a substantial increase, signaling continued confidence in the company’s offerings and market appeal.
Company leadership emphasizes a dedication to identifying and responding to genuine market needs. This strategic focus on building where demand exists has proven successful, even amidst economic fluctuations.
Over 4,500 residential units, valued at approximately 31.3 billion pesos, were launched across key regions including Cebu, Cagayan de Oro, Palawan, and General Santos. These launches demonstrate a broad geographic reach and a commitment to diverse market segments.
Developments like One Manresa Place and Casa Mira Homes Gensan have experienced exceptional sales, contributing to an impressive 91% sell-out rate across all projects. This strong performance validates the appeal of the company’s designs and locations.
Beyond residential sales, recurring income streams are flourishing, increasing by 57% to 735 million pesos. This growth is driven by significant gains in hospitality, leasing, and property management services.
Hotel revenue surged by 79%, reaching 431 million pesos, supported by increased occupancy rates and an expanded hotel portfolio. Simultaneously, leasing revenue grew by 40% as the available space increased to 71,000 square meters.
A bold expansion into Luzon is now underway with the acquisition of a 70-hectare property in Dasmariñas, Cavite. This marks a pivotal moment, extending the company’s reach beyond its traditional Visayas and Mindanao strongholds.
The Cavite property is slated to become a vibrant mixed-use township, primarily focused on residential development with plans to deliver approximately 6,000 homes in phases. Commercial and institutional spaces will complement the residential offerings.
Strategically located along Governor’s Drive and near the Cavite-Laguna Expressway, the new township will capitalize on the growth potential of the Calabarzon region. This location provides convenient access and connectivity for future residents.
The township is designed to be a self-contained, integrated community catering to the economic and mid-market segments. This approach aims to create a sustainable and desirable living environment for a broad range of residents.
Company leadership reaffirms a core mission: to deliver exceptional real estate experiences that improve lives and establish the company as the most trusted developer in the nation. This vision guides all strategic decisions and project developments.
Currently, the company manages an impressive portfolio of 132 projects spanning various property types across 18 cities in the Visayas and Mindanao. This extensive network demonstrates a significant presence and commitment to regional growth.
