MUNTINLUPA CITY, Philippines — Next Asia Land Inc. (“NextAsia”), an emerging affordable and value-oriented housing developer in Southern Luzon, announced that it has secured a ₱982.815 million development loan facility from the Bank of the Philippine Islands (BPI). The five-year facility will provide long-term funding for the company’s key residential projects in Laguna and Batangas. The facility will support the development and construction of the Estonia community in Calamba, Laguna, and the Florence community in Lipa, Batangas. Together, the projects represent approximately ₱1.94 billion in total development cost and are expected to deliver around 1,425 housing units.
The financing follows NextAsia’s recent ₱300 million unsecured corporate note issuance, arranged and bookbuilt by BPI Capital, which marked the company’s first institutional capital-markets transaction. Combined, the two transactions provide NextAsia with more than ₱1.28 billion in committed institutional and development financing, reflecting the confidence of lenders and institutional investors in the company’s long-term growth strategy.
“This development facility is a significant step in the next phase of NextAsia’s growth. It gives us the capacity to accelerate project execution while preserving a disciplined and sustainable capital structure,” said Dustin Y. Carreon, President and Chief Operating Officer of NextAsia.
“Our focus remains straightforward: make quality homeownership more attainable for Filipino families by combining the right locations, practical financing options, and communities designed for the way people live today and in the future.”
Carreon has recently emphasized in media interviews, including Bilyonaryo, that affordability and accessibility must go beyond the selling price of a home. For NextAsia, this means locating projects in growth corridors, working closely with financial institutions to widen financing access, and incorporating practical future-ready infrastructure that adds long-term value for homeowners.
That operating philosophy is reflected in Estonia and Florence. Both master-planned communities will incorporate NextAsia’s signature future-ready features, including broadband internet infrastructure, solar-powered street lighting, and provisions for future electric vehicle charging facilities.
Carreon said the company will continue to pursue expansion within the CALABARZON region through disciplined land acquisition, measured capital allocation, and project execution that is matched with appropriate long-term funding.
“Growth only creates value if it remains disciplined. We want to scale in areas where the housing demand is real, where infrastructure and employment are expanding, and where we can deliver homes that remain affordable without compromising the quality of the community,” Carreon said. The company’s strategy also reflects a broader shift in the affordable housing market, where buyers increasingly evaluate not only the house itself but also connectivity, mobility, financing accessibility, community infrastructure, and the long-term livability of the development.
BPI noted that the transaction reflects the bank’s commitment to supporting responsible real estate developers that help address the country’s housing needs.
“NextAsia has demonstrated a clear vision, disciplined execution, and a strong commitment to meeting the growing demand for affordable housing in Southern Luzon,” said Luis E. Cruz, Senior Vice President and Head of Commercial Banking Group, Bank of the Philippine Islands.
“We are pleased to support NextAsia’s growth through this major development financing and look forward to continuing our partnership as the company expands its footprint and strengthens its position in the Philippine housing market.”
The company said the successful completion of both the unsecured corporate note issuance and the nearly ₱1 billion development financing establishes a stronger foundation for future fundraising initiatives. As NextAsia expands its development pipeline and geographic reach, it plans to progressively access larger institutional debt markets and other strategic capital sources to support its long-term growth objectives.
Founded in 2012, NextAsia has evolved from a small-scale homebuilder into a fast-growing developer focused on affordable and value-oriented residential communities across Southern Luzon. The company continues to pursue growth through disciplined land acquisition, project execution, strategic financing partnerships, and prudent financial management.