Property firm expands projects as affordable housing sales climb

Affordable housing developer Ovialand Inc. reported a 37% jump in consolidated net income for the first half of 2025, reaching P420 million, fueled by steady demand in its Laguna and Bulacan projects.

The company’s revenues climbed 20% to P1.1 billion, supported by a 19% increase in home turnovers. Ovialand credited the gains to its expanding production capacity and continuous regional rollout of residential projects.

Total assets rose 12% to P2.9 billion, nearly half of which came from real estate inventories and land acquisition options. The firm said the expansion was consistent with its growth strategy to serve more markets north and south of Metro Manila.

Ovialand recently broke ground on a second project in Baliwag, Bulacan, marking a stronger presence in Central Luzon. The company also highlighted its joint venture with Tokyo-listed Takara Leben Co. Ltd., with their Sentro Properties project in Laguna now gearing up for unit turnovers beginning in October.

Chief Executive Officer Pammy Olivares-Vital said Ovialand remains on track to meet its full-year growth targets while actively exploring opportunities to widen its reach.

“We are very happy to bring our promise of Premier Family Living to more locations as we add new properties and expand our current projects,” she said.

Industry analysts note that affordable housing has remained a resilient segment of the property market, buoyed by strong end-user demand and ongoing government housing initiatives.