Sta. Lucia eyes more property developments

Publicly-listed property developer Sta. Lucia Land Inc. is allotting P13 billion to P15 billion for capital expenditures this year as it aims to expand its presence nationwide to drive annual revenue growth, according to a report by Manila bulletin.

The firm said in a statement that 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 Land 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.

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.

During that period, Sta. Lucia Land registered P5.62 billion in capex, with P4.5 billion going to project development and P1.12 billion for land acquisitions. 

Robles said their investment strategy highlights the company’s focus on growth and its confidence in the robust demand within the real estate sector.

“One of the significant highlights of Sta. Lucia's endeavors last year included the unveiling of El Sitio Nativo in Nasugbu, Batangas in May 2024."

“This exclusive coastal community, limited to just 92 lots, offers residents a blend of Filipino, Malay, Polynesian, and Pacific architectural designs, complemented by modern smart home features,” he added.

Robles said Sta. Lucia has also partnered with ARSM Land Inc. in February 2024 to develop a six-hectare mixed-use community in Koronadal City, South Cotabato. 

“In the hospitality sector, Sta. Lucia Land has been active with the opening of SotoGrande Palawan in Puerto Princesa City in November 2024. This 147-room hotel, which is managed by Enderun Hotels, caters to both corporate and leisure travelers, offering modern amenities and state-of-the-art function rooms,” he said.