Villar not keen on acquiring more land
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Metro Manila (CNN Philippines, May 10) Manny Villar-led Vista Land & Lifescapes, Inc. (VLL) is not in the mood for a land-buying spree this year, the company said Monday.
The VLL group, a listed property developer focused on residential subdivisions and construction of housing and condominium units, said in a disclosure to the Philippine Stock Exchange it will maintain its stance on minimal land acquisition thereby maximizing its existing land bank.
It also seeks to be conservative in terms of its leasing space expansion program.
In a filing dated April 23, the firm said its raw land inventory stood at 2,976 hectares as of end-December, a bulk of which are located in Mega Manila.