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Manila Bulletin devider Business devider Amaia recognized as go-to developer for affordable housing

Amaia recognized as go-to developer for affordable housing

Published Dec 24, 2022 02:11 pm

Amaia Land Corp. further cements its reputation of being the go-to developer of affordable housing after winning the Best Emerging Residential Real Estate Developer – Philippines Award at the 2022 Global Business Outlook Awards.

Stephanie J. Lingad, Amaia Land chief operating officer, shared that for the past 12 years, Amaia has achieved significant scale and growth in providing affordable housing to the broad C market of Filipinos.

Amaia has garnered the top share of the affordable housing market segment in recent years and continues to focus on serving such market, while retaining a stable and healthy balance sheet. To date, she said, Amaia has sold over 50,000 residential units and has delivered over 20,000 units to buyers in 33 projects located in Luzon, Visayas and Mindanao.

Global Business Outlook, which awards excellence of businesses in the private and public sectors around the world, cited the company for consistently been an innovator in its field and has introduced successful products, including projects with sustainability features that benefit both the planet and the residents.

Amaia was one of the best performing developers during the recent pandemic. In 2020, the year COVID hit, Amaia was able to exceed reservation sales versus the pre-pandemic level of 2019. This was a major feat, considering that one would expect its market, the middle class, to be severely hit by the pandemic.

Despite all the challenges brought about by the pandemic, Linga said that Amaia successfully adapted quickly to digitalization, which enabled it to operate smoothly during volatile times. More importantly, the Company has emerged much stronger than before and is poised to achieve even greater heights moving forward.

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