Mass housing developer Ovialand Inc. said sales picked up last year, as it rolled out more projects alongside plans to list on the Philippine Stock Exchange despite worries of a slowdown in the property sector.
“Ovialand’s financial results for 2022 reflect the continued demand of a new generation of Filipino homebuyers for our unique products. We are a company driven and committed to our brand mission of premier family living,” Olivares-Vital said.
Meanwhile, growth for the year will be driven by new projects such as Santevi, its third housing project in Laguna.It also laid down plans to develop more projects in Baliuag, Bulacan. The builder recently secured a P600-million debt deal from Security Bank Corp. to bankroll future expansion. “The milestones we have achieved in 2022 motivate us to achieve greater things than what we have achieved in the past. For example, we are set to launch our presence in Central Luzon by building housing developments in Bulacan,” Olivares-Vital said.
“This would mark growth outside of the core markets we operate in and is in line with our long-term vision of expanding our portfolio nationwide,” she added.
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