Sta. Lucia Land Inc. said it expects capital spending this year to range between P3 billion and P5 billion.
Part of the planned spending will be used to fund the expansion of its landbank in areas like Laguna, Batangas, Bulacan, Davao and South Cotabato, the company said in a statement on Wednesday.
It also said it is pursuing joint venture agreements in Cavite, lloilo and Davao, aiming to develop contiguous lots and expand existing projects.
“We are optimistic about our prospects this 2025 as we continue to build across the country to address growing demand for communities beyond traditional city centers. This targeted expansion not only diversifies our portfolio but also positions us to deliver long-term value for our stakeholders while creating inviting spaces for families and individuals seeking a higher quality of life,” said Exequiel Robles, Sta. Lucia Land president.
“This strategic expansion is also expected to drive a robust compound annual growth rate (CAGR) of 20 to 25 percent for its revenues, reinforcing Sta. Lucia’s long-term growth objectives,” he added.
As of end-2024, the Sta. Lucia Group led by the listed Sta. Lucia Land has developed over 12,000 hectares into more than 300 projects across 70 cities and municipalities, noted Robles.
Sta. Lucia Land spent P5.62 billion for capital expenditure, with P4.5 billion going to project development and P1.12 billion earmarked for land acquisitions.
