Property developer Haus Talk Inc. (HTI) has secured board approval for the acquisition of 13.6 hectares of prime land in Antipolo, Rizal from the long-defunct National Steel Corp. (NSC). The transaction marks a key expansion of HTI’s land portfolio, aimed at reinforcing its position as a “value for money” residential real estate developer.
In a disclosure, HTI said the property — consisting of five parcels — is slated to become a major residential and commercial development in Rizal, with projected revenue of P4.9 billion. Land development is expected to commence by 4Q 2025.
“This transaction will expand HTI’s land portfolio and reinforce its vision of becoming the most valued and recognized property developer,” the company said.
The deal is being executed through NSC’s court-appointed liquidator, lawyer Danilo Concepcion, under the Securities and Exchange Commission’s 2000 order to liquidate the steel firm’s assets. NSC, once a leading steel manufacturer, was privatized in 1995 but entered liquidation five years later after failed revival attempts.
The purchase price remains under negotiation, but HTI noted that 60 percent of the payment will come from internal funds, with the balance financed through bank loans. The transaction is expected to close by end-May 2025, barring unforeseen delays.
The acquired land is a discontinued NSC project with existing development and is zoned residential. HTI plans to transform the area into a residential subdivision and commercial development, aligning with its growth strategy in high-potential locations.
