96 0 0 3 min to read

A real estate developer will increase residential projects in 2023

As the situation improves with the reopening of the economy, homebuilder and integrated property developer Vista Land & Lifescapes Inc. will accelerate the introduction of residential projects in 2023 to help reduce the growing housing backlog.

On Saturday night, Manuel Villar Jr., the chairman of Vista Land, told reporters that despite the industry’s continued growth and the country’s robust economic performance, the company is still positive about it.

“We’ll take a bigger role in housing. Due to the pandemic, we have been holding back for three years, but we have not stopped. We were still in the market, but we were less aggressive about pursuing it,” he said.

Villar stated that the company will construct more vertical housing projects than horizontal ones in the upcoming year as the economy continues to improve.

Because land is becoming increasingly expensive, he remarked, “If these are vertical dwellings, you can preserve more land.”

He noted that this year saw a turnback toward developing more vertical housing projects, and by the end of 2022, he anticipated a 50-50 split between vertical and horizontal housing developments.

In order to serve different market segments, high-rise and mid-rise condominiums will be constructed, according to Villar.

By the conclusion of the third quarter of 2022, Vista Land has launched 12 projects with a total projected value of about PHP21.8 billion. The project value increased by two times its full-year 2021 level.

QR Code

Save/Share this story with QR CODE


Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

πŸ“© Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❀️GIVE A TIP. Send a small donation thru Paypal😊❀️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) πŸ›’ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x