Developer plans $1.2-billion township in Metro Manila

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Vista-landPhilippine developer Vista Land has unveiled its plan for a major township project in Metro Manila, as the country’s largest home builder moves to boost its stream of recurring income.

Vista Land & Lifescapes Inc chairman Manuel B. Villar told reporters at a recent press conference in Manila that the company will be shelling out $1.2 billion in the next five years to develop Vista City.

Vista City will integrate themed residential developments, office buildings, lifestyle retail projects, a university town and leisure components into a 1,500-hectare township straddling Muntinlupa and Las Pinas in Metro Manila, as well as parts of Cavite and Laguna provinces.

“We’re continuing launches this year because we want this to be the number one master planned community in the country outside of Makati,” Villar said.

The real estate firm has developed 550 hectares of Vista City in the last 4-5 years and is now home to 45,000 households through Britanny’s Portofino, Crown Asia’s Ponticelli and Camella”s Cerritos residential projects.

Vista Land will build new residential projects under its various brands as it looks to expand the integrated township by an additional 200-300 hectares, the former senator said.

“We have been planning in the past 4-5 years. Somehow, we didn’t want to launch this until we’re confident we can be successful. As you can see from development of Evia Lifestyle Center, this is just an example of how we will be developing Vista City,” Villar said.

Vista Land is allocating 250 hectares for commercial establishments and office buildings catering to business process outsourcing (BPO) firms anchored on the Evia Lifestyle Center.

The first phase of the retail center, Evia Everyday, will be completed soon with a gross floor area of 40,000 square meters. The second phase, Evia Global Village, will have an open-air retail promenade and will be completed this year. The third phase may have another 80,000 square meters of gross floor area, Villar said.

Envisioned to become one of the most advanced business and IT parks in the country, Vista City will feature an entire district devoted to business and commerce called Vista Hub. The first phase of the hub, spanning 10 hectares, will offer eight buildings catering to BPO firms with a gross leasable area of 290,000 square meters.

Vista City will also have a 100-hectare university town that will house health facilities, a sports mecca and a country club. The property company is in advanced stages of negotiations with a hospital operator and two big schools to locate in the township.

Also rising in the community is a hotel that will serve not only traveling business people but also families visiting the burgeoning district.

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Reading Time: 2 minutes

Philippine developer Vista Land has unveiled its plan for a major township project in Metro Manila, as the country’s largest home builder moves to boost its stream of recurring income.

Reading Time: 2 minutes

Vista-landPhilippine developer Vista Land has unveiled its plan for a major township project in Metro Manila, as the country’s largest home builder moves to boost its stream of recurring income.

Vista Land & Lifescapes Inc chairman Manuel B. Villar told reporters at a recent press conference in Manila that the company will be shelling out $1.2 billion in the next five years to develop Vista City.

Vista City will integrate themed residential developments, office buildings, lifestyle retail projects, a university town and leisure components into a 1,500-hectare township straddling Muntinlupa and Las Pinas in Metro Manila, as well as parts of Cavite and Laguna provinces.

“We’re continuing launches this year because we want this to be the number one master planned community in the country outside of Makati,” Villar said.

The real estate firm has developed 550 hectares of Vista City in the last 4-5 years and is now home to 45,000 households through Britanny’s Portofino, Crown Asia’s Ponticelli and Camella”s Cerritos residential projects.

Vista Land will build new residential projects under its various brands as it looks to expand the integrated township by an additional 200-300 hectares, the former senator said.

“We have been planning in the past 4-5 years. Somehow, we didn’t want to launch this until we’re confident we can be successful. As you can see from development of Evia Lifestyle Center, this is just an example of how we will be developing Vista City,” Villar said.

Vista Land is allocating 250 hectares for commercial establishments and office buildings catering to business process outsourcing (BPO) firms anchored on the Evia Lifestyle Center.

The first phase of the retail center, Evia Everyday, will be completed soon with a gross floor area of 40,000 square meters. The second phase, Evia Global Village, will have an open-air retail promenade and will be completed this year. The third phase may have another 80,000 square meters of gross floor area, Villar said.

Envisioned to become one of the most advanced business and IT parks in the country, Vista City will feature an entire district devoted to business and commerce called Vista Hub. The first phase of the hub, spanning 10 hectares, will offer eight buildings catering to BPO firms with a gross leasable area of 290,000 square meters.

Vista City will also have a 100-hectare university town that will house health facilities, a sports mecca and a country club. The property company is in advanced stages of negotiations with a hospital operator and two big schools to locate in the township.

Also rising in the community is a hotel that will serve not only traveling business people but also families visiting the burgeoning district.

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