This premium-affordable housing developer, which made an early bet outside Metro Manila, is now seeing its strategy quietly pay off thanks to changing buyer preferences partly shaped by the recent global pandemic.
Net income hit P495 million in the first nine months while revenues grew 30 percent to P1.44 billion, driven by sustained demand for housing in areas outside Metro Manila.
The Olivares family’s Ovialand Inc., a leader in premium affordable housing, is deepening its partnership with Japanese partners Takara Leben Co. Ltd. with the launch of their second venture that will provide homes for hundreds of families starting next year.