Publicly listed Sta. Lucia Land Inc. is bullish on its prospects going into 2023 as its earnings in the first nine months of 2022 exceed its full 2021 net income amid a stronger demand for its residential projects.
The rising demand for residential properties is the growth driver behind the scintillating performance of SLI. To sweeten the deal so to speak, their projects offered wide open spaces, farms, beachfront lots, access to world-class golf courses and other themed communities during the pandemic. At present, Sta. Lucia Land and the entire Sta. Lucia Group has a comprehensive, diverse portfolio comprising over 300 developed projects in 70 cities and 11 regions from Pangasinan to Zamboanga.
To support its expansion projects and land banking activities, SLI plans to beef up its capital spending by at least 8 percent in 2023.Actress Bea Alonzo and Santa Lucia Land have an enduring partnership. Alonzo, who earned her acting spurs in ABS-CBN, started investing in real estate when she was 15 years old.
Source: News Formal (newsformal.com)
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