Sta. Lucia Land sustains growth as it fuels the fringe
The growth of trusted builder Sta. Lucia Land Inc. over the recent years has allowed it to be part of the Philippines Growth Champions 2024.
The list—compiled by the Philippine Daily Inquirer and Germany-based Statista, the world’s leading data and business intelligence portal—identified 30 Philippine companies that saw the highest percentage growth in revenues between 2019 and 2022.
Sta. Lucia Land registered a 26.5 percent growth in revenues to P9.9 billion in 2022 from P7.8 billion in 2019, delivering a compounded annual growth rate of 8.16 percent. It is also one of only two real estate companies that made it to the ranking.
Breadth of portfolio
Sta. Lucia is popular for the impressive depth and breadth of its portfolio: more than 300 projects on over 10,000 ha of land in 70 cities and municipalities across 10 regions and 15 provinces. The company’s developments range from townships, condotels, and golf courses to offices, commercial spaces, and housing units.
On record, the Cainta-based company was founded in 2007. Its parent firm’s beginnings, however, go back to 1971, when members of the Robles and Santos families decided to build residential subdivisions and communities for the middle class of Rizal province. At the time, that location east of the National Capital Region was slowly seeing spillover development.
The Sta. Lucia Group has further fueled growth in the east by building in the 90s the Sta. Lucia East Grand Mall, now an anchor of the eponymous Sta. Lucia City in Cainta, where it also has residential condominiums and office spaces. It is, in fact, a development that reflects the very growth of Rizal.
Economic vibrancy
Today, it is a virtual extension of the Philippine capital, enjoying similar economic vibrancy and access to opportunities.
This is what it has also done in many areas across the country, where it was fittingly the first mover—the first national developer to believe in the potential of the so-called fringe areas. The Sta. Lucia Group’s expansive portfolio, which continues to expand even after more than 50 years in the business, has long been helping fuel growth in the fringes.
Where the company did build, it also enjoyed great returns. With the government focusing on spreading out development from the capitals to the countryside, big-ticket infrastructure and other initiatives have facilitated progress in and around dozens of Sta. Lucia projects.
Positive impact
Sta. Lucia also made positive impacts akin to those it actualized for its pioneering projects in Rizal. It ignited a wave of development and raised property values, gave individuals a viable investment option, met the demands of discerning clients, and raised the standards of living for many more, among others.
The ability to make it to Philippines Growth Champions 2024 means that the proposition remains profitable after decades. It also encourages the company to redouble its efforts to introduce a Sta. Lucia products to more places across the archipelago.
ADVT.
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