P9.

5B earmarked
Vista Land eyes
expansion in Oro,
other key areas
PROPERTY holding firm Vista Land and Lifescapes Inc. plans to invest as much as P9.5 billion in
affordable housing over the next three years to sustain a dominant position in the mass market segment
amid stiffer competition.

For 2010 alone, flagship subsidiary Camella Homes will roll out 22 new affordable housing projects or
about 17,500 new housing units in different regions, including one in Cagayan de Oro City, Vista Land
said in a statement.

Camella Homes sells housing units priced at between P1.5 million and P3 million.

Capital spending on the 22 new projects by Camella Homes will reach between P1.5 billion and P2 billion
this year alone. Total outlays for the next three years could reach P9.5 billion, Vista Land senior vice
president Ricardo Tan Jr. said.

In a statement, Camella president Maribeth Tolentino said the 22 additional projects in the pipeline for
Camella would increase its total portfolio to 97 developments nationwide.

The new projects are located in various areas in Mega Manila and in key provinces and cities outside
Luzon such as Cebu, Iloilo, Tacloban, Cagayan de Oro, Davao and General Santos.