Sta. Lucia Land, Inc. Approves to Acquire Different Parcels of Land
March 12, 2021 at 12:35 am EST
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At the Special Meeting of the Board of Directors of Sta. Lucia Land, Inc. held on 12 March 2021, approved to acquire the following: Parcel of land located in Davao del Sur with an area of 8,227 sq.m.; Parcel of land located in Iloilo with an area of 25,000 sq.m.; and Parcel of land located in Batangas with an area of 4,998 sq.m.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.