Cainta—(PHStocks)—According to global property consultant CB Richard Ellis (CBRE), Metro Manila continues to be saturated and the need for new areas to be developed has become imperative in order to accommodate the growing demand in the market. Areas such as Laguna, Cavite, Bulacan, Pampanga, Cebu, Bacolod, Iloilo, Davao, Cagayan De Oro and Zamboanga City are gaining investments for their economic potential.
Sta. Lucia Land Inc. (PSE: SLI) is poised to take advantage of this massive opportunity as the Company has been developing majority of its projects outside the capital for the past years.
Residential communities, commercial areas and vertical towers in areas in emerging cities outside the metro have been a contributing factor in nation-building.
The company has 84 projects totaling 1,924.6 ha in Region 4A (Cavite, Laguna, Batangas & Rizal), eight projects totaling 788.7 ha in Region 3 (Bulacan, Nueva Ecija, Tarlac, Pampanga, Dagupan, Cabanatuan & Zambales), eight projects totaling 428.2 ha in Region 7 (Cebu), six projects totaling 315 ha in Region 6 (Iloilo and Bacolod), eight projects totaling 299.2 ha in Region 11 (Davao), a 200 ha project in CAR (Bagiuo), a 7.3 ha project in Region 1 (Pangasinan) and two projects totaling 6.1 ha in Region 4B (Palawan).
SLI is already positioned in most of the areas for growth identified by CBRE.
Together with its parent company Sta. Lucia Realty & Development Inc., total projects outside Metro Manila already number 233 covering 9,127.2 ha.