Listed affordable housing developer Haus Talk, Inc. has reworked the allocation of proceeds from its P1.8-billion bond issuance as it adjusts its land acquisition priorities to support expansion projects in Southern Luzon, according to a disclosure to the stock exchange on Monday as reported by BusinessWorld .
In a filing, the company said its board approved changes to the portion of proceeds originally set aside for land banking, shifting funds toward ongoing and new projects in Southern Luzon. The move reflects Haus Talk’s strategy to capitalize on demand for affordable housing in the region, which has seen increased economic activity and infrastructure development.
The bond issuance, completed earlier this year, was part of Haus Talk’s broader capital-raising efforts to expand its land bank and accelerate project completion. The reallocation underscores the company’s responsiveness to market conditions as it aims to maintain its growth trajectory in the affordable housing segment.