Ovialand Inc., a leading developer in the premium affordable housing sector, is experiencing robust financial growth, driven by continued demand for properties outside Metro Manila. For the first nine months of 2024, the company reported P1.44 billion in revenue, marking a 30 percent year-over-year increase, and P495 million in net income, a 112 percent growth compared to the previous year.
The company’s success is underscored by its expansion in residential sales, with 469 house-and-lot units delivered to homebuyers—a notable rise from 395 units during the same period in 2023. Ovialand president and CEO, Pammy Olivares-Vital, attributed the strong results to a customer-focused approach and sound business decisions, even amid a flat global and local economic environment.
“Our teams remained focused on delivering value to our homebuyers, which is reflected in our financial success and continued growth,” Olivares-Vital said. “Our efforts have paid off as we continue to exceed expectations.”
Ovialand is also making strides in its goal to expand nationally by 2033. The company recently launched Seriya in Bulacan, its first development in the region. The project has been well-received, with homes being delivered within a fast-tracked timeline of just three to six months from reservation, thanks to the company’s innovative HousEasy initiative.
To further strengthen its presence, Ovialand formed a joint venture with Japan’s Takara Leben and Co. Ltd. for the development of Savana South and Sentro in San Pablo City, Laguna. The first batch of homes at Savana South is expected to be turned over to clients in time for the holiday season.
Looking ahead, Ovialand continues to explore growth opportunities in key regions outside Metro Manila, where demand for accessible, quality homes remains strong. “Our focus will always be on one key metric: happy families moving into their brand-new homes,” Olivares-Vital said.
