VILLAR-LED Golden Haven Memorial Park Inc. is looking to expand its memorial park business by opening an average of seven parks a year until they have 50 memorial parks.
In an interview last week, Golden Haven controlling shareholder Manuel Villar Jr. told reporters that they currently have nine memorial parks across the country located in Zamboanga, Cagayan De Oro, Cebu, Iloilo, Bulacan, Cavite, Las Piñas, Pampanga, and Nueva Viscaya.
“Before the end of the year, we will have 14 parks,” Villar said. “We will add another seven by next year. I’m looking at seven every year.”
The business tycoon noted that the Camella residential brand will be the platform for the location for its memorial park business, as it is present in nearly 100 cities and municipalities.
“We [Camella] are in 100 cities and municipalities. I don’t see any reason why we shouldn’t have Golden Haven in those 100 cities and municipalities,” Villar said. “We already have managers in these areas and we can use the same platform to expand nationwide.”
But Villar added that the memorial parks will not be developed beside the Camella residential subdivisions.
“Just to be fair, there are zoning [regulations]in these areas that we need to comply with. There are residential zones and different zones for memorial parks,” Villar said.
The former senator also shared plans of building funeral chapels in their memorial parks, with the first chapel to be opened in the Las Pinas branch.
“We are now planning to roll out chapels nationwide. We did not have chapels when we went public but we are starting to build them now. Normally, we are slow at the start while perfecting the business model, but we should be ramping it up after we have the right model,” Villar said.
Golden Haven has also opened its own crematorium in Cavite. Villar said they will start expanding their crematorium services but slowly at first since it is a new business segment.
Villar also said Golden Haven will conduct a follow-on offering in “three to five years” once its new business segments and death care services have been expanded.