Vista Land investing P2 trillion to build 44 estates 

Property developer Vista Land and Lifescapes Inc. of billionaire Manuel Villar is investing nearly P2 trillion to develop 44 masterplanned townships across the country.

“The land value in these areas are already so high that it no longer makes sense to develop horizontal housing so we will be building high rise condominiums, office towers, hotels and commercial projects,” said Vista Land Founder and Chairman Manuel B. Villar, Jr. was quoted as saying.

Villar said while the company would continue building horizontal projects in the provinces where land prices are lower, it would focus on the development of townships in prime locations under Vista Estates.

“We are now launching our townships under Vista Estates which will consist of 1,438 hectares, or an average of 33 hectare per location, out of our total portfolio of 3,300 hectares,” said Villar.

“The current 44 estates sprawl across our islands with thirteen in Mega Manila, thirteen in Luzon, eight in the Visayas, and ten in Mindanao. Currently, even more Vista Estates are on the verge of rising,” Villar said.

Vista Estates focus on the creation of fully- integrated urban developments that bring together themed residences––both vertical and horizontal, retail, offices, universities, healthcare and other institutions, and leisure––all at global standard levels.

Vista Estates promises that every development will offer five core elements: Business Parks and IT Zones, Institutional Complexes, Commercial and Retail Districts, Leisure and Recreational Hubs, and Residential Communities.

Villar said these prime lots were set aside from a portion of every project site for future commercial development as these are the portions fronting highways or main thoroughfares.

Villar said they initially planned to launch Vista Estates in 2020, but had to postpone this because of the pandemic.

The company expects to spend about P1.36 billion per hectare for the townships, or for a total cost of nearly P2 trillion for the 1,438 hectares.

He said the ratio between residential and leasing spaces in each township will be based on masterplans and would depend mainly on market demand in each location.

“Vista Land is investing into these masterplanned developments, making good on its promise to valued homebuyers and investors to create superior product offerings and, more importantly, deliver excellent long-term investment growth,” he said.

Vista Land started its shift in 2015 and began building more commercial developments such as malls and retail concepts. It started to develop communities that offer whatever residents need to experience as extraordinary a life as possible.

Vista Estates is a collection of cities-within-cities infused with themes and offerings inspired by the best-loved places in the world and designed to re-create global living and lifestyles.

“In everything we do, from our malls to our retail concepts, is an elevated experience, world class and of global standards which is what every Filipino deserves,” said Villar.

“I have seen and experienced what the other countries are providing and I wanted to bring these experiences here in the country, and we did– through our retail concepts like Coffee Project, AllHome, AllDay to name a few and of course now to our core business through Vista Estate,” Villar said.

“I’m optimistic coming in this 2022 and with the optimism you’ll see a shift, a totally different Vista Land,” Villar said.

With the widest geographical reach across the country, and an equally diverse portfolio, Vista Land’s extensive land bank is situated largely in areas close to major business hubs with 57 percent located within Mega Manila.

Vista Estates is re-shaping the landscape across the country with cutting-edge megalopolises. As part of the conglomerate with the widest geographic reach, Vista Estates follows suit.