Several months after property developer Vista Land and Lifescapes announced 2013 capital expenditure of P18.5 billion, Sen. Manny Villar, the founder of the firm, said that their capital expenditure (capex) for the rest of the year may go as high as P20 billion.

“We are prepared to spend more than P18.5 billion. It’s OK to exceed a bit. We can’t miss the chance to take advantage of the market,” Villar told reporters over the weekend.

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