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Manila Bulletin devider Business devider The Stock Market devider Sta. Lucia unveils ambitious expansion plans for 2025, including 20 residential projects

Sta. Lucia unveils ambitious expansion plans for 2025, including 20 residential projects

Published Feb 16, 2025 09:49 pm

Property developer Sta. Lucia Land Inc. is planning to launch at least 20 residential developments nationwide plus a hotel and a condotel in Baguio City this year as it looks to book another year of record profits.

In an interview, Sta. Lucia Chief Finance Officer David de la Cruz said the launches will include projects in Batangas, Bacolod, Iloilo, and areas in Mindanao where they have recently acquired land.

The firm also intends to launch 50-hectare horizontal projects located in portions of its landbank in Silay and Talisay in Negros, three projects in Iloilo, five in Mindanao, in Rizal, in Pangasinan near Manaoag, and three projects in Siargao Island.

De la Cruz said they will also be developing two vertical projects in Baguio, with one being a hotel while the second one's a residential condominium-condotel project.

Sta. Lucia also hopes to be able to start operating its 40,000-square meter mall in Davao City, near the international airport, since it is almost complete and just awaiting some permits from government agencies.

De la CruZ said the firm also has other properties in Iloilo, General Santos City, and Polomolok that are suitable for malls, although these are not yet “ripe” for development in light of population or foot traffic and incomes of residents.

He noted that the company is not affected by the glut in the residential condominium market in Metro Manila since their products and target markets are different and located outside these areas.

The firm expects its 2024 performance to have exceeded figures in 2023 and even hit a record high. It is also aiming for record earnings this year.

Sta. Lucia is allotting ₱3 billion to ₱5 billion for capital expenditures this year as it aims to expand its presence nationwide to drive annual revenue growth.

The firm said part of the capex will fund the expansion of its presence in key locations such as Laguna, Batangas, Bulacan, Davao, and South Cotabato.

Sta. Lucia added that it is also pursuing joint venture agreements in Cavite, lloilo, and Davao, aiming to develop contiguous lots and expand existing projects.

"We are optimistic of our prospects this 2025 as we continue to build across the country to address a growing demand for communities beyond traditional city centers," said Sta. Lucia President Exequiel Robles.

He noted that, “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.”

“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,” Robles added.

Related Tags

David de la Cruz Exequiel Robles Sta. Lucia Land Inc.
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