STA. LUCIA Land Inc. (SLI) is eyeing further expansion in the countryside as rising land prices in Metro Manila encourage real estate companies to look outside the capital region.
In a statement on Monday, the property developer said it is eyeing the development of masterplanned communities in the countryside.
“Our work is done only when we see the areas outside of Metro Manila and the main CBDs (central business districts) thriving. It is only when the way of life of homeowners in more areas across the country is enhanced or improved can we say that yes, our work is done,” SLI President Exequiel D. Robles said.
“It is only when a community starts to feel their importance or that their needs are being looked after can we say that we’ve managed to build not only our business but also our legacy.”
SLI said that real estate companies are looking to developments in the provinces as land in Metro Manila becomes scarce and expensive.
The company said that it has established its presence in Pasig and Quezon cities, as well as Rizal and Cavite.
Its developments include golf courses, resorts, condominiums, condotels, hotels, lake communities, sports facilities, clubhouses, townhouses, lots, and house-and-lot packages.
SLI said that its developments are in “fringe areas” that provide access to modern conveniences and continued appreciation of land value.
These include the Sotogrande Fairview and Acropolis Loyola in Quezon City; Orchard Towers in Pasig City; Green Peak Heights Phase 3, Rizal Technopark and Sta. Lucia Residenze in Rizal; as well as Aquamira at Saddle & Clubs Leisure Park, and Rockville in Cavite.
Mr. Robles said that he is grateful other areas are “sharing the limelight” with other CBDs.
“As a developer, we have always been on the lookout for new areas to build our projects. And we believe that these fringe areas make for a good investment not only for us but especially for our buyers. Here, their investments would be way lower and yet the potential for value appreciation remains strong,” he said.
“Our market sometimes appreciate that they are not located in the CBD, where most of the action happens. This allows them to take a breather — unwind, recharge and take a break — while appreciating the feeling of being home and spending uninterrupted quality time with their loved ones.” — Jenina P. Ibañez