Sta Lucia creates new subsidiary

MANILA, Philippines - Sta. Lucia Land Inc. (SLI), a member of the Sta. Lucia Group of Companies, has formed a new subsidiary that will focus on house construction catering solely to its clients.

In a statement, SLI said the new unit, Sta Lucia Homes, will build houses on previously sold subdivision lots collectively developed by the group over the past 40 years, including residential estates surrounding 10 golf course and country clubs.

SL Homes will service a potential market of over 100,000 sold lots.

SLI said SL Homes will initially cater to clients with fully paid lots.

“Our range of units will cater to all our projects across different markets, from the low to mid-market segments to high-end subdivisions such as the Royale Tagaytay Estates, the Orchard Residential Estates in Cavite, the Alta Vista Residential Estates in Cebu and Rancho Palos Verdes in Davao, among others,” SLI said.

SLI earlier entered into joint venture agreements for the expansion of existing projects in San Mateo, Rizal; Urdaneta City, Pangasinan; and  Angono, Rizal.

The company likewise approved the acquisition of a 1,230 square meter lot in Quezon City; 7,895 sqm in Lipa; 61,486 sqm of land in Mexico, Pampanga; and 43,384 sqm in Arevalo, Iloilo City.