Friday, 28 March 2025, 2:56 pm

    Sta. Lucia to invest P3-5B in expansion and land banking

    Sta. Lucia Land Inc. has committed P3 billion to P5 billion in capital expenditures for 2025, focusing on property development and land acquisitions across key regions including Laguna, Batangas, Bulacan, Davao, and South Cotabato. The company plans to enter joint ventures in Cavite, Iloilo, and Davao, with a strategy to expand existing projects and develop contiguous lots.

    The expansion aligns with Sta. Lucia’s goal of addressing the growing demand for residential communities outside urban centers. The company expects this push to drive a robust compound annual growth rate (CAGR) of 20-25 percent in revenue, strengthening long-term growth prospects. In 2024, Sta. Lucia spent P5.62 billion on project development and land acquisitions, highlighting significant projects like El Sitio Nativo in Batangas and a mixed-use development in Koronadal City.

    Sta. Lucia’s growth strategy includes a focus on the hospitality sector, with the recent opening of SotoGrande Palawan in Puerto Princesa City. The company also renewed its partnership with actress Bea Alonzo, reaffirming her role as brand ambassador since 2014.

    With over 12,000 hectares developed and more than 300 projects in 70 cities, Sta. Lucia’s investments aim to diversify its portfolio and create long-term value for stakeholders.

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