NEXTASIA LAND, Inc. is expanding its Southern Luzon land bank after securing a P300-million unsecured corporate note facility to support project development and land acquisition. Chairman Crispin Y. Carreon said the transaction strengthens the company’s capital structure while allowing flexibility for future growth, as reported by BusinessWorld.
The facility, arranged through a local bank, will be used to acquire prime parcels and fund pre-development costs for residential and commercial projects. NEXTASIA focuses on integrated communities in provinces like Batangas and Laguna, targeting middle-income homebuyers.
The company said the move is part of a broader strategy to capitalize on rising demand for affordable housing outside Metro Manila. NEXTASIA has previously completed projects in Cavite and Quezon, and expects to break ground on new subdivisions within the year.