Rockwell Land Corporation (Rockwell Land) is a pioneer in developing master-planned residential and commercial communities in the Philippines. With several developments in the country, including its flagship, Rockwell Center in Makati, Rockwell Land continues to elevate the standards of luxury living by providing beyond-ordinary experiences for its discerning clientele. Rockwell Land continues to bring its brand of luxury lifestyle to more key cities outside of Metro Manila, including Cebu, Laguna, Batangas, Bacolod, and Pampanga.

Financial Performance

  • In 2023, Rockwell Land recorded a consolidated net income of PHP3.4 billion, marking a 30.8 percent increase from the previous year’s PHP2.6 billion. The growth was mainly due to the commercial segment hitting a record high as the office segment remains resilient and retail sales are boosted by revenge spending and increased construction accomplishments.
  • Total revenues for the year reached PHP18.5 billion, up 12.1 percent from PHP16.5 billion in 2022. Rockwell Land also achieved higher residential sales bookings compared to last year and higher construction accomplishment in existing projects.

2023 Key Highlights

  • In 2023, Rockwell Land recorded a consolidated net income of PHP3.4 billion, marking a 30.8 percent increase from the previous year’s PHP2.6 billion. The growth was mainly due to the commercial segment hitting a record high as the office segment remains resilient and retail sales are boosted by revenge spending and increased construction accomplishments.
  • Total revenues for the year reached PHP18.5 billion, up 12.1 percent from PHP16.5 billion in 2022. Rockwell Land also achieved higher residential sales bookings compared to last year and higher construction accomplishment in existing projects.

Looking Forward

  • Rockwell Land is preparing to launch seven development projects. Three of these will be in Bacolod - Rockwell Center Bacolod Commercial Lots,  Nara Lots Phase 2, and Bel Air Phase 2, while two will be in Laguna which are Rockwell South Cluster 6 and El Madero. Additionally, one development will be in Bulacan - Horizon Bulacan, and one in Batangas - GMC.
  • Rockwell Land will continue to leverage its brand to deliver exceptional experiences as the market shifts towards quality. The company also plans to bolster its position in its target core market and extend its reach. This will involve enhancing execution by reinforcing organizational expertise and fostering financial agility.
  • In 2024, interest in horizontal developments and residential projects will persist, as evident in the strong demand in regional areas. Concurrently, the completion of new infrastructure projects is underway and the shift of customer preference to experiential retail will drive significant market changes. Furthermore, Rockwell Land also anticipates a flight-to-quality trend amid concerns of looming oversupply.