Vista Land president Paolo Villar said sales from newly launched residential projects were expected to reach P50 billion this year, or nearly twice the P26 billion worth of projects it launched a year ago. Vista Land launched 25 projects with an estimated value of P28.3 billion in the first half. Most of the projects launched were in low affordable segment of the residential market, with each unit worth P4 million and below. “If things progress well, then we could probably hit P10-billion net income by next year,” Villar said. Vista Land said first-half consolidated revenues grew 16 percent to P18.2 billion from the previous year’s 15.7 billion.

Source: The Standard August 14, 2017 12:11 UTC