Haus Talk Inc., a residential property developer set to list on the Philippine Stock Exchange next week, plans to venture into high-end housing, condominium and commercials developments to diversify its portfolio, a top executive said Wednesday.
Haus Talk chairman and vice president for business development Terence Madlambayan said while the company focuses on offering high-quality and affordable house-and-lot properties, it plans to open commercial spaces that are attached to its residential developments.
The commercial spaces are aimed at services that would benefit their communities such as laundry, convenience stores and water refilling stations.
He said the company was also looking to launch its high-end development in Quezon City called 50 Jocson Residences.
“The IPO will allow us to expand our coverage and establish our brand in areas where the opportunities in the mid-market segment lie,” Madlambayan said.
Madlambayan said HTI would also launch affordable house-and-lot projects in Antipolo, Sta. Rosa and San Pedro Laguna and the Eastview Condominiums in Antipolo this year. Also in the pipeline are developments in Mariveles, Bataan; and Calasiao, Pangasinan.
Set to list on the small, medium and emerging board, HTI plans to raise up to P750 million from the sale 500 million shares at P1.50 apiece.
The tentative listing date is Jan. 17, 2022. Post-IPO, Haus Talk will have a public float of 20 percent.
Established and fully-managed by the Madlambayan family, HTI’s developments cater to the mid to low-income market.
The company sold almost 1,900 housing units, with about 2,300 units in the pipeline until 2023. In 2020, net income of Haus Talk surged to P50.4 million from P1.36 million in the previous year.
PSE president and chief executive Ramon Monzon said HTI is “one of the companies in PSE’s hand-holding program for potential IPO listing applicants,” and that the local stock market is “pleased to see that their IPO journey will soon come into fruition.”
