Sta. Lucia Land to spend P5B on land acquisitions
MANILA, Philippines — Listed developer Sta. Lucia Land Inc. (SLI) will spend up to P5 billion this year mainly to acquire land in key provinces as demand for residential projects outside Metro Manila increases, with the company expecting double-digit annual growth in revenues through its new projects.
SLI on Wednesday said it planned to buy land in Laguna, Batangas, Bulacan, Davao and South Cotabato. It will likewise pursue joint ventures in Cebu, Iloilo and Davao to develop lots and expand existing projects.
“We are optimistic of our prospects this 2025 as we continue to build across the country to address a growing demand for communities beyond traditional city centers,” SLI president Exequiel Robles said in a statement.
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The company’s expansion pipeline is projected to lift its annual revenues by up to 25 percent.
SLI, founded by the Robles and Santos families, had at least 300 projects spanning around 12,000 hectares of land in 70 cities and municipalities as of end-December 2024.
Last year, SLI earmarked P5.62 billion for capital expenditures, with P4.5 billion spent on project development. The remaining P1.12 billion went to land acquisitions.
In May 2024, the company launched El Sitio Nativo, a coastal community totaling 92 lots in Nasugbu, Batangas.
It also launched the 147-room SotoGrande hotel in Puerto Princesa City, Palawan province last November.
