Vista Land continues to soar higher
These earnings are mainly attributed to the stable rental income and residential development earnings of the company for the said timeline. Apparently, this achievement highlights the remarkable trust that is being given to Vista Land and to all its subsidiaries.
VLL’s total revenue for the first half of the year increased by 9 per cent year-on-year which accounts to a total of P15.7 billion. The periodic revenue is now up by 64 per cent equivalent to P2.1 billion. Mainly, this is because of the company’s network of 14 shopping malls and three office towers.
On the other hand, the residential business of Vista Land was able to match up with all the achievements of its commercial counterpart. A total of 86 per cent of the total revenue of the company came from the country’s most trusted housing brand Camella Homes.
Vista Residences contributed the eight per cent while Crown Asia and Brittany have given out 4 per cent and 2 per cent, respectively.
The reservation sales for the first half of the year which increased to 2 per cent year-on-year equivalent to P29 billion was said to be an indicator of growth. Hence, the owners of the company are looking forward to set a new revenue record this year.
This just proves that Vista Land is earning not just good revenues but the trust of many Filipinos.
There’s no wonder that the residential business of Vista Land can also be trusted as its commercial counterpart continue to gain the attention of many real estate property seekers. The achievements of VLL can be translated that many Filipinos believe in the excellence of the company.
So when it comes to the best housing brand that you can rely on, browse in through our website and see great deals that we offer. Whether it’s from Camella Homes, Vista Residences, Brittany or Crown Asia, you will never run out of options for your next ideal home.
Philippine Daily Inquirer – Business
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