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Philippine billionaire Villar may merge his residential, mall units

Tycoon is turning housing projects across country into self-contained communities

Published Tue, Oct 20, 2015 · 09:50 PM
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Manila

PHILIPPINE billionaire Manuel Villar, who made a fortune building affordable homes, is considering merging his residential and shopping mall units as he turns housing projects across the country into self-contained communities.

Combining Vista Land & Lifescapes Inc, the biggest Philippine homebuilder, with the income stream from shopping centre developer Starmalls Inc "could make sense", according to Mr Villar, a former politician who's chairman of both companies.

The two have a combined market value of about US$2.5 billion and the stakes held by the tycoon and his family are worth together more than US$1 billion, according to …

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