Ovialand Inc. recently held a groundbreaking ceremony for Seriya — the company’s first housing development outside of South Luzon. Seriya is located in Baliwag, Bulacan, along the Candaba highway.. Some 536 house-and-lot units will be built, with various units to be offered to clients such as duplex and townhouse units. Amenities that will be available include an airconditioned clubhouse, swimming pool, and a community chapel. The house-and-lot units will initially be built on 8.9 hectares of land. Ovialand will spend around Php 990 million for the development of Seriya. The company expects to generate P2 billion in revenues from the sale of units. Turnover of house-and-lot units is expected to begin in September 2023. Present are from left: Bryan Vital, CFO of Ovialand; Pammy Olivares-Vital, President and CEO of Ovialand; Councilor Bhang Imperial; Mrs. Nanette Olivares; Baliwag Mayor Ferdie Estrella; Giovanni J. Olivares, Chairman of Ovialand; Renato Simbulan.
The second quarter of 2023 saw an economic slowdown due to high commodity prices and the lagged impact of interest...Read more