Ovialand, Japanese firm Takara Leben team up for real estate expansion

REAL ESTATE developer Ovialand, Inc. has teamed up with Japanese real estate firm Takara Leben to expand its portfolio and offer more premium affordable homes to Filipino families, its president announced on Monday. Read more at www.bworldonline.com/ovialand-japanese-takara-leben

Chamber of Real Estate & Builders’ Associations, Inc.

Ovialand Inc. (“Ovialand”), a real estate developer that provides the Premier Family Living experience to Filipino families, partners with BDO Unibank Inc. (PSE:BDO) to allow more Filipinos to get the financing they need to purchase a home of their own.

Ovialand will be part of an exclusive roster of developers under BDO’s new home loan program. Under this program, clients can loan up to 95% of the value of the property they want to purchase. As such, the program will allow Filipinos and their loved ones to move into their brand-new homes by paying a downpayment of as low as PHP100,000 to PHP200,000.

“We are pleased to partner with BDO, one of the country’s most prominent banks, in making the dream of homeownership a reality to more Filipinos. This partnership will enhance Ovialand’s own efforts in making the process of buying a home more convenient to everyone,” Pammy Olivares-Vital, President and CEO of Ovialand, said.

“Ovialand’s major thrust to create premier homes for the growing aspirational homebuyer is aligned with our commitment to make homeownership fast & easy thru unique financing options. We look forward to collaborating with them in their growth plans,” Angelita Manulat, BDO Senior Vice President and Home Loans Business Head, said.

Ovialand’s housing portfolio is currently centered around South Luzon, particularly Batangas, Laguna, and Quezon. The company’s long-term goal is to have a nationwide presence, and its first steps in doing so is establishing a presence in North Luzon by building its first developments in Bulacan.

Learn more about BDO Home Loan at www.bdo.com.ph/homeloan.

Press Pickups

The Manila Times – Ovialand, BDO tie up for affordable financing

Ovialand on ANC: Ovialand bets on housing demand, eyes P2 billion IPO

Ovialand, Inc. President and CEO Pammy Olivares-Vital interview in ABS-CBN News Channel (ANC).

Pammy explained why Ovialand thinks now is a good time to pursue its entry into the stock market.

“We see a robust, local economy and a continued growing demand for premium affordable housing”, Pammy said.

 

video by ABS-CBS News youtube channel. (link to original video)

Press Pickups

https://news.abs-cbn.com/business/03/27/23/ovialand-bets-on-housing-demand-eyes-p2-billion-ipo

Ovialand Files For IPO

Ovialand, Inc. (“Ovialand”), a real estate developer focused on pioneering the premium and affordable segment of the real estate market, announces that it has filed for an initial public offering with the Philippine Stock Exchange and the Securities and Exchange Commission for the registration and listing of up to 1,206,000,000 common shares which includes the initial public offering of up to 336,000,000 primary common shares and up to 24,000,000 secondary common shares with an over-allotment option of up to 36,000,000 secondary common shares at an offer price of up to Php 5.60 per share.

 

Subject to the receipt of regulatory approvals and market conditions, the offer period is tentatively set for the week of June 19, 2023. SB Capital Investment Corporation will serve as the Sole Issue Manager, Lead Underwriter and Sole Bookrunner for the initial public offering.

 

“Our public listing marks a new chapter in our history, as this is a launchpad for us to achieve greater milestones in providing the Premier Family Living experience to our customers,” Pammy Olivares-Vital, President and CEO of Ovialand, said. “As we aim to  expand our presence beyond the core markets we operate in, this IPO will be key to us in meeting our clients’ ever-evolving needs.”

 

Ovialand plans to use the net proceeds from the offering for:

• Land banking initiatives in South Luzon, particularly Laguna, and North of Metro Manila, particularly Bulacan
• Development of pipeline real estate projects in Laguna, Batangas, Quezon, and Bulacan
• Other general corporate purposes

 

“Ovialand’s mission of Premier Family Living is centered on the Filipino homebuyer. By giving our clients their brand new premium affordable homes in just 3 to 6 months, we are able to fulfill their aspiration of homeownership.” Olivares-Vital said. “Our public listing will allow us to serve more homebuyers faster, because each home we turn over represents a more stable and promising future for a Filipino family – and we are excited to carry out this mission.”

 

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A preliminary prospectus for these securities may be obtained from https://www.ovialand.com, which is subject to completion or amendment without notice. The preliminary prospectus also contain the information required to be stated in any notice, circular, advertisement, letter or other forms of communication that will be published or transmitted to any person after a registration statement has been filed under Rule 8.3.1 of the 2015 Implementing Rules and Regulations of the Securities Regulation Code of the Philippines and which information is incorporated by reference in this communication.

 

A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE ACCEPTED OR RECEIVED UNTIL THE REGISTRATION STATEMENT HAS BECOME EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE HERETO INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. THIS COMMUNICATION SHALL NOT, UNDER ANY CIRCUMSTANCES, CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.

 

This still needs to be approved by the PSE

Press Pickups

https://business.inquirer.net/392626/olivares-led-ovialand-sets-up-land-buying-spree-with-p2-2-b-ipo#ixzz7wpRe5WKb
https://www.philstar.com/business/2023/03/24/2253952/ovialand-files-p22-billion-ipo
https://www.philstar.com/business/2023/03/23/2253857/housing-developer-ovialand-files-p22-b-ipo
https://www.manilatimes.net/2023/03/24/business/corporate-news/ovialand-seeks-pse-sec-listing-approvals/1884074
https://www.bworldonline.com/corporate/2023/03/24/512641/ovialand-seeks-nod-on-p2-22-billion-ipo/”
https://businessmirror.com.ph/2023/03/23/ovialand-files-for-maiden-share-sale
https://malaya.com.ph/news_business/ovialand-to-raise-p2b-in-ipo/
https://mb.com.ph/2023/3/23/ovialand-plans-p2-16-b-ipo
https://manilastandard.net/business/corporate/314316415/ovialand-seeks-sec-approval-for-p2-2-b-initial-public-offering.html