A new real estate developer from Southern Luzon is rapidly transforming the highly competitive residential industry with the launch of three housing projects that will redefine sustainable urban living and set a new standard for modernity in residential spaces.
NEXTASIA Land announced plans to launch three groundbreaking residential communities in southern Luzon with a combined estimated revenue of P8 billion and capital investment of P6 billion.
The three projects spanning 35 hectares are Estonia Calamba (5 hectares), Florence Lipa (10 hectares) and Cyprus Calauan (20 hectares). Estonia Calamba offers a modern living experience, while Florence Lipa features innovative lifestyle amenities and Cyprus Calauan sets a new benchmark for integrated community development.
With a total of 3,500 units, each project blends modern amenities with serene surroundings, ensuring residents enjoy an unparalleled quality of life.
Sustainable living
NEXTASIA Land president and chief executive Cris Carreon said each project boasts of green, modern and innovative amenities designed to enhance residents’ quality of life.
Carreon said that from high-speed broadband internet access to solar-powered street lights and provision for electronic vehicle charging stations, these developments prioritize sustainability and technological advancement.
“At NEXTASIA Land, we go beyond mere development. We craft harmonious living spaces that enrich the lives of our residents,” said Carreon.
“Through these projects, we are not only addressing the housing needs of the region but also contributing to the overall progress of the nation,” said Carreon.
Strong demand
Despite the current high interest rate environment, Carreon said demand for innovative housing solutions continues to rise as the country’s housing backlog still remains at 6.5 million units.
Carreon said these newly-launched projects would also support the government’s efforts in meeting the critical need for affordable housing projects as the units are competitively priced between P1.6 million and P2.5 million starting at 60 square meters.
Carreon also expects interest rates to eventually go down, which will further boost the housing market.
“Interest rates will go down. We are just waiting for the US Fed to cut rates. But as it is, we are already doing well. What more when the interest rate finally goes down,” Carreon said.
Given his bullish outlook, Carreon said the group is set to launch more projects in the second half of the year.
IPO plans
NEXTASIA also disclosed plans to conduct an initial public offering in less than three years as it seeks to continuously expand its presence in southern Luzon and other major cities in the Philippines.
“It is in pipeline [the IPO]. We wanted to help the capital markets. This is part of nation building,” Carreon said.
He said while most of their projects are in southern Luzon, the group is now looking at properties in Central Luzon for future expansion.
Having started the company by buying and selling old houses over a decade ago before migrating to developing 20-, 40-,60-unit townhouses and now to a developer of housing communities, he said the company now wants to grow by “leaps and bounds”.
For the next two years, Carreon expects the company’s net income and revenues to grow by 100 percent as it strives to provide future-proof, digitally-enabled, value-oriented and sustainable living spaces.
Other regional real estate players that have successfully listed in the Philippine Stock Exchange are Cebu Landmasters Inc., 8990 Holdings Inc. and Haus Talk Inc.