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Villar Group to hold virtual convention

The Villar Group on Thursday said it will launch the first and the biggest virtual property expo in the country.

The Vicon or short for Villar Group Convention, will gather the group’s real estate brands in one big virtual property conference that allows the attendee to choose from different properties from various price points across the Philippines from residential, investment or premium commercial spaces.

The exhibit will showcase the products and brands of listed property firms Vista Land and Lifescapes Inc. and Golden MV Holdings Inc., such as Bria, Lumina, Lessandra, Camella, Crown Asia, Brittany, Camella Manors and Vista Residences.

Golden Haven, the country’s largest death care property developer will also   participate in this two-day event alongside commercial space developer Vistamalls Inc.

“It has always been the group’s passion to contribute in the improvement of the lives of the Filipinos by not just providing them with homes to comfortably live in or as an investment across the country but also implementing creations to make necessities within their reach. So we thought of gathering all of these brands as we reach out to almost everyone virtually through The Vicon,” company Chairman Manuel B. Villar Jr. said.

The company said participants can interact with industry experts and will have a chance to avail of exclusive buyer’s promos and to win prizes during the event.

Vista Land earlier said its income in the first quarter fell 14 percent to P2.1 billion from last year’s P2.44 billion.

Gross revenues fell 10 percent to P9.2 billion from last year’s P10.26 billion.

The company said it is looking at a capital expenditure budget of P27 billion for this year which is mainly for construction and land development.

Land acquisition budget remained muted as the company said it is maximizing its existing land bank. The company has 2,968 hectares of land as of end-March.

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