Vista Land (Soon) in Your Area: Billionaire Manny Villar Set to Expand His Real Estate Venture Even More

“‘Villar Land’ is everywhere.” 

It might sound like an inside joke, but there seems to be no stopping the real estate company owned by the country's richest man, Manny Villar. 

The president and CEO of Vista Land is set to expand his residential venture even more. 

“We will continue to pursue our residential segment, with the launch of more vertical as well as higher-end products," the tycoon said in the company's 2023 earnings report. "This has been part of our overall strategy of asset optimization."

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Vista Land capped off 2023 on a strong note, with its net income rising by 39 percent to P10.3 billion. Revenues were at P35.2 billion last year, an 18-percent increase year-on-year.

Vista Land’s real estate segment revenues, meanwhile, went up by 19 percent to P15.2 billion.

Villar said there are 26 master planned developments under his group’s Vista Estates.

“Our leasing business, on the other hand, sustained its growth, as we ended 2023 with a total gross floor area of 1.6 million square meters of over 100 investment properties consisting of 42 malls, 56 commercial buildings, and seven office buildings,” he added.

Vista Land runs Camella Homes, Communities Philippines, Crown Asia, Brittany, and Vista Residences for its residential segment while Vista Malls are commercial property developments.