Property developer Vista Land & Lifescapes Inc. on Tuesday announced plans to launch P20 billion worth of affordable condominium units under the newly-formed Camella Condo Homes or Coho brand.
Vista Land said in a statement the initial batch of Coho projects would include 32 mid-rise buildings across 25 locations.
Coho projects are affordable and high-quality mid-rise residential buildings located in highly urbanized cities.
Vista Land said the Coho projects would cater primarily to the end-user market and elevate the lifestyle of young professionals and start-up families.
Featuring the same brand pillars that made Camella one of the leading and preferred residential brands, Vista Land said Coho would go beyond providing a distinct and new lifestyle in a community that’s friendly and nurturing. It is anchored in Vista Land’s integrated property development – “Communicities”.
“For over four decades, Camella has been providing quality and affordable homes to Filipinos, and now expanding its market reach with the launch of Camella Coho not just in the Metro but across the Philippines,” said Vista Land chairman Manuel Villar.
“Coho is a perfect blend of comfort and convenience of condo living and the warmth of a friendly, nurturing community at an affordable price,” he said.
Coho will be available in 25 locations across the country such as Antipolo, Bacolod, Bacoor, Baliuag, Bataan, Bohol, Butuan, Cagayan de Oro, Caloocan, Davao City, Dumaguete, General Santos, Iloilo, Imus, Las Piñas, Legazpi, Lipa, Mactan, Palawan, Pampanga, Subic, Tagaytay, Taguig, Tagum and Talisay.
Vista Land has been aggressive with its projects developments in a bid to sustain its growth momentum.
The company has built almost half a million homes in projects located across 47 provinces in 145 cities and municipalities all over the Philippines. Its commercial leasing portfolio has also grown to more than 1.16 million square meters of gross floor area.
Vista Land raised P10 billion from the issuance of fixed-rate bonds in December. Proceeds from the bond offering will primarily be used to finance mall expansion.
Vista Land is set to complete four new malls with 174,000 sqm of gross floor area this year and another three malls in 2020 with 100,000 sqm of GFA.
