Ortigas Land Corp. hopes to sustain a “double-digit” growth in the next five to six years as it expands its footprint in Metro Manila.
The company netted P2.3 billion last year, an exponential increase from P100 million in 2014 when the company transformed from a family-controlled business.
“We expect to grow double digit in the next five or six years. There are many opportunities,” said Jaime Ysmael, Ortigas Land president.
Currently, 70 percent of the company’s topline comes from property development like residential units and office spaces for sale.
“But eventually as the new malls and offices come on stream, hopefully the percentage will reverse,” said Ysmael.
Ortigas Land eyes to spend between P15 billion and P20 billion in capital expenditures in the medium term to sustain the company’s growth, according to Ysmael.
Ortigas Land eyes to launch two to three projects a year.
“Hopefully more, if we could get more landbank in other areas. But we intend to still continue ramping up to the extent the market is ready. That’s why we want to be in a push button mode,” said Ysmael.
