Premier real estate developer Landco Pacific Corporation reported a surge in sales for the first half of the year, exceeding its sales target by 11 percent, due to strong sales of its projects in Visayas and Mindanao.

Landco said in a statement that, despite the economic crisis, it registered above target sales of P1.95 billion, P196 million more than its P1.75 billion target for the first half of the year.

Sales in Visayas and Mindanao rose to P497 million, 35 percent than higher its P368 million target, due to good sales performance of leisure, urban, and hometown developments.

In other categories, sales of Landco’s leisure developments increased to P427 million while sales of memorial parks rose to P287 million, exceeding their combined target of P561 million by 27 percent.

Landco’s prime projects in the Vis-Min area include Monterazzas de Cebu, a premier mountainside residential community in Guadalupe, Cebu City; Playa Azalea, a seaside commercial and residential enclave in Samal Island, Davao del Norte; and Woodridge Garden Village in Zamboanga City, a resort-like residential subdivision.

Its memorial parks are Forest Lake parks in Iloilo, Zamboanga, Davao, General Santos, Cagayan de Oro, San Fernando, La Union and Biñan, Laguna.

Landco president Alfred Xerez-Burgos III said the company is bent on completing all ongoing projects. “Coupled with the improving global economy, the completion of these projects will provide Landco better opportunity to further boost sales,” he said.

Xerez-Burgos III said the continued positive sales performance of Landco developments shows that people still put high premium on quality “life at your leisure” living.

“This also shows that the market continues to trust and value what Landco developments offer to its homeowners,” he said.

Xerez-Burgos III added that “at this point in time, when those who have money to invest may be afraid to put it in riskier vehicles, real estate becomes the safer investment – it’s a tangible asset that won’t go anywhere and will surely appreciate – plus, it is an investment that can be used, experienced and enjoyed.”