Ten of the Philippines’ developers are setting aside capital expenditure of over P350 billion this year building new townships all over the country, data culled by property portal Lamudi showed.
 
Rapid urbanization plus huge demand for residences propel growth for developers, encouraging them to set aside record capex for this year, Lamudi said.  
 
Leading the pack is Ayala Land Inc. (ALI) which is spending between P80 billion to P90 billion, a record capex to allow for ALI’s landbanking.
 
ALI targets growth of 20 percent per year for the next six years, targeting net profit of P40 billion by 2020.
 
Lamudi noted ALI’s key projects are outside of Metro Manila. They include The Courtyards in Dasmariñas and Imus, Cavite; Arca South in Taguig; and Alviera in Porac, Pampanga.
 
SM Prime Holdings Inc., meanwhile, jacked up its 2015 capex by 18 percent to P80 billion from P67.5 billion in 2014.
 
Of that amount, SM Prime is allocating P15 billion to P18 billion for its residential development arm, SM Development Corp. (SMDC).
 
SMDC alone is eyeing five projects in 2015 while SM Prime’s malls business is set to open four new malls this year in San Mateo, Cabanatuan, Seaside and Sangandaan.
 
As for Megaworld Corp., it has budgeted P65 billion for 2015 to build more residential and hotel projects, office buildings, as well as malls and commercial centers inside Megaworld’s integrated urban townships.
 
The company launched a total of 15 township developments as of 2014, the largest three of which are Twin Lakes in Tagaytay (1,300 hectares), Southwoods City in the boundaries of Cavite and Laguna (561 hectares) and Suntrust Ecotown Plaza in Tanza, Cavite (350 hectares).
 
Villar-owned Vista Land & Lifescapes Inc. expects capex for 2015 to reach P25.1 billion.
 
The company has so far launched P12 billion worth of projects for the first quarter of 2015. These are to be situated in Caloocan, Rizal and Laguna, and will follow the format of its affordable housing segment Camella Homes.
 
Filinvest Development Corp. announced it will spend P58 billion in 2015 of which P24 billion has been allocated for Filinvest Land Inc. (FLI).
 
This represents a 20 percent increase from the P20-billion the company originally set for 2014.
 
FLI’s Amalfi development in City di Mare in Cebu, which has completed two buildings, will start the third one. Filinvest also plans to launch a high-end residential development by yearend to be located on a 20-hectare property in Daang Hari along the Alabang-Cavite area.
 
Lamudi said Robinsons Land Corp.’s capex will stay at P17 billion to bankroll the development of shopping malls. The company recently acquired the 18.5-hectare Mitsubishi property along Ortigas avenue, where it intends to build a major township. 
 
Through its horizontal developer Robinsons Homes, the company is also set to launch its first residential subdivision project in Bacolod City.
 
Federal Land Inc., a wholly owned subsidiary of GT Capital Holdings Inc., will have a capex of P15 billion as it plans to launch at least 10 projects in 2015.
 
In 2014, the developer launched four high-rise condo projects: Times Square West in Veritown Fort in Bonifacio Global City; Marco Polo Residences Oceanview in Cebu; and Six Senses Resort 4 and Palm Beach Villa 2 in Pasay City.
 
Rockwell Land Corp.’s capex for 2015 is P13 billion, higher than the P8.7 billion earmarked for 2014.
 
The company is now focusing on developing prime office and retail properties to boost its recurring income.
 
The company, through its subsidiary Rockwell Primaries, is also looking to embark on The Vantage sa Kapitolyo, its first high-rise development situated in the Kapitolyo area of Pasig, and a planned, yet-to-be-named exclusive condominium village on a 6.4-hectare land along Sucat, Muntinlupa. It is touted to be Rockwell Primaries’ largest development to date.
 
For 2015, DMCI Homes is expected to have a capex of P12 billion, of which P5 billion is set solely for land acquisition, while development costs are expected to range between P6 billion and P7 billion.
 
DMCI Homes recently projected a possible P3.6 billion in earnings for this year. New projects it is reportedly launching this year include Bristle Ridge in Baguio City, Valencia Residences in Mandaluyong, Lumiere Residences in Pasig and the Ivorywood and Maple Place developments in Acacia Estate in Taguig.
 
Shang Properties, the local real estate arm of Malaysia-based Kuok Group, has set a two-year capex budget of over P20 billion to finance the development of its various projects. Half of that is allocated as the capex for 2015.
 
The company is building high-end projects like Shang Salcedo Place and The Rise, both in Makati, which will be completed in 2015 and 2017, respectively. It has acquired land in Mandaluyong, Makati and Bonifacio Global City.