SAN FRANCISCO – Vista Land, one of the top listed property firms in the Philippines in terms of total assets and earnings, has expanded to kababayans in the US.
Vista Land Chairman of the Board and former presidential candidate Manny Villar was in San Francisco to reassure kababayans that now is the best time to invest in real estate in the Philippines.
“I was asked, “How is Vista Land doing?’ It has resources of more than P100 billion and the group resources P120 billion, P130 billion, and a capital of P55 billion,” said Villar. “We have a lot. We are the biggest home builder in the Philippines today. This is the advice I give to our kababayans and even to the foreign investors: If you guys miss India, Indonesia, Malaysia, Thailand, so many things you missed — then don’t miss the Philippines.”
Last year, Vista Land saw a 12 percent increase of reservation sales that set a company record in income at P51.7 billion or $1.15 billion.
Vista Land USA says there are multiple options when it comes to finding and buying property in the Philippines.
“What we will actually provide everybody here is that we will give you the right property, the right location, the highest possible return,” said Bong Barrameda Gutierrez, president and chief operating officer of Vista Land USA. “We’re going to have you lease the property. We’re going to find the renters as well. And one thing good about it is we’re going to manage the property and this one is really, really new – we’re going to help you resell the property as well.”
“And what will happen is every Filipino can buy a property online,” said Nicholas Laureano, Chairman and Chief Executive Officer of Vista Land USA. “They can pay in dollars. The financing is done in the US and we will have representatives from every state accessing every Filipino in the United States.”
San Francisco Consul General Henry Bensurto hopes more Fil-Ams will invest in the Philippines.
“I think it’s very important we have more companies come over here and take advantage of the Philippine diaspora and what the Filipino Americans can really offer in terms of their progress,” said Consul General Bensurto.
Majority of foreign funds come from Filipinos based in the United States, Saudi Arabia, the United Arab Emirates, the United Kingdom, Singapore, Japan, Hong Kong and Canada.
You can contact Rommel Conclara at email@example.com and follow him on Twitter @rommelconclara for more information.