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Vista Land & Lifescapes, Inc., the property arm of the Villar family, said Tuesday its net income surged 39 percent in 2023 to P10.3 billion on aggressive project launches.
The property firm launched 34 projects in 2023, with an estimated project value of about P50.7 billion. “We are on our way with our maximization of resources strategy as the majority of our launches were vertical developments across the country and we will continue to do so in 2024,” he said.Real estate revenue totaled P15.2 billon, up 19 percent from a year ago, while rental income amounted to P16 billion.
“We will continue to pursue our residential segment now with the launch of more vertical, as well as higher-end products. This has been part of our overall strategy of asset optimization,” he said.
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