Haus Talk Inc., a residential real estate developer owned by the Madlambayan family, said it wants to go public this year in its bid to generate cash and expand its footprint in the country.
The company said it was able to build and sell thousands of housing units, majority of which are in Rizal, Metro Manila, Laguna and Cavite. The company said it has expansion plans spread across the socialized, economic and mid-market housing, aimed for completion within the next 2 to 5 years.
“We are keen on bringing within reach these affordable yet well-built homes given the strong demand in our country. We believe in quality homes that foster family bonding, memories and experiences,” Maria Rachel Madlambayan, the company’s president said.
No other details were given on its plan to be listed on the Philippine Stock Exchange, but the company, a relatively unknown player, said its products have consistently performed well, with the demands surpassing the supply regularly.
“Strong profitability and healthy margins have been consistent for us primarily due to competitive pricing and quality and also because of our developments’ good and strategic location with proximity to transportation, hospitals, schools and commercial areas, being merely minutes away from the city centers. It’s the confluence of all these that we have seen significant growth year on year,” Madlambayan said.
Throughout the pandemic, the business still operates, selling and building houses, to meet demand. Short-term plans will see the company focus on its pipeline projects, growing the economic housing brand and property management and construction.
“Operating in an industry that addresses the people’s basic need for housing, we are confident that there will always be a market for what we continue to build: decent, comfortable, functional and beautiful homes where they can grow, raise a family, feel safe, secure and build a future they deserve,” she said.
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