A year ago, I wrote about Santa Lucia Land. The price in the market was stagnant and it seems that there was a little future in terms of price appreciation. When nobody was interested, that's the best time to enter, investors are scared that their money will be tied up. Many opted to cut losses and play with the big caps and most liquid stocks like MEG, BPI and TEL to say the least.
Santa Lucia Land was conservative but the growth and thee potential are enormous. The projects in MEGA-Manila, CEBU and Davao are far from the traditional offers. It caters to upper middle class and position to high end of the property market. The Santa Lucia East Grand Mall just to say the least is one of thee most profitable middle class mall in the Mega Manila.
"The resounding success in sales and operations prepared SLEGM to join the ranks of other retail giants. On May 18, 1998, Phase III was unveiled which offered bigger spaces and more comprehensive shopping and entertainment facilities that can be compared with the best in Asia. The expansion paved way to a 22,000 square meter, three-level, full-line Department Store that houses the leading brands in the retail industry; more upscale stores and restaurants; and the many firsts in shopping and leisure - a 32-lane Brunswick Bowling Center, state-of-the-art cinemas equipped with Sony Digital Sound System and a 10-meter high ceiling entertainment center called World of Fun where children of all ages can play, party and socialize."
Joining the band wagon of the real estate boom, Santa Lucia opened up the condominium business with a success. They are La Breza Tower, La Mirada Cebu, Soto Tower Tagaytay, Splendido Taal Towers. These projects caters to middle class segment with a very high rate of occupancy. The signature brand of SLI continue to expand rapidly in most of the countries cities.
What is the reason behind SLI stocks not attractive to investors despite its success?
"The resounding success in sales and operations prepared SLEGM to join the ranks of other retail giants. On May 18, 1998, Phase III was unveiled which offered bigger spaces and more comprehensive shopping and entertainment facilities that can be compared with the best in Asia. The expansion paved way to a 22,000 square meter, three-level, full-line Department Store that houses the leading brands in the retail industry; more upscale stores and restaurants; and the many firsts in shopping and leisure - a 32-lane Brunswick Bowling Center, state-of-the-art cinemas equipped with Sony Digital Sound System and a 10-meter high ceiling entertainment center called World of Fun where children of all ages can play, party and socialize."
Joining the band wagon of the real estate boom, Santa Lucia opened up the condominium business with a success. They are La Breza Tower, La Mirada Cebu, Soto Tower Tagaytay, Splendido Taal Towers. These projects caters to middle class segment with a very high rate of occupancy. The signature brand of SLI continue to expand rapidly in most of the countries cities.
What is the reason behind SLI stocks not attractive to investors despite its success?
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