Monday, July 28, 2014
Vista Land and Landscapes is preparing a 170 hectare site in Toril District, some dozen kilometers south of Davao City's downtown area, to build its first Mindanao township.
This is according to Marlon B. Escalicas, general manager of Camella Communities-Davao, who says this is a real township development.
He says Vista Land is taking an aggressive marketing stance in answer to strong demand in Southern Mindanao in the last few years. Their current projects, Camella Davao, Camella Northpoint, Camella Cerritos, and Toscana, are almost sold out.
Vista land is also planning to launch a low-cost housing project in General Santos City, while their Tagum City project in Davao del Norte nears completion. They’ve also announced plans to expand their presence in the hospitality sector.
Vista Land chairman, Manuel B. Villar, says the expansion of the company’s hotel business is a logical expansion from the residential business.
While plans are being finalized, they are already in the hospitality sector by way of Crosswinds, a Swiss-inspired township project in Tagaytay.
Villar says Crosswinds has been their practice ground for the past two to three years, and they feel ready. Crosswinds' hotel area, Crosswinds Resorts Suits, is managed by Hospitality International.
Vista Land grew its net income by 11 percent to P1.49 billion in the last quarter, from P1.34 billion a year ago. Revenue grew to P5.4 billion from last year's P4.9 billion, due to the strength of the Camella brand.
Vista Land is also the holding company of five business units, Britanny, Crown Asia, Camella Homes, Communities Philippines and Vista Residences. 1