Filinvest Land eyes P11 billion from 6 medium-rise projects this year
By: Krista Angela M. Montealegre | InterAksyon.com | Tuesday | March 5, 2013 5:08 PM
MANILA - Filinvest Land Inc (FLI) is hiking the estimated value of its project launches this year, more than half of which will be new mid-rise building (MRB) projects.
In a disclosure to the Philippine Stock Exchange, the Gotianun-led property developer said it will launch six new mid-rise projects nationwide with an estimated sales value of P11 billion.
These MRB projects form part of the P20 billion worth of new projects FLI plans to launch this year, 38 percent more than the value of projects that FLI planned to roll out in 2012.
FLI plans to bring its portfolio of "Oasis" projects – considered as “stylish and modern havens within the urban jungle” – in Tagaytay, Iloilo and Cagayan de Oro. The real estate firm has existing "Oasis" developments in Ortigas, Pasig City, Manila, Paranaque City, Cebu and Davao.
Following the success of the first “Spatial” development in Pasig last year, FLI will also launch the second MRB project under the said brand in Davao City this year. Projects under this brand offer customers the “Oasis” lifestyle at more affordable prices, the company said.
FLI also plans to launch The Signature, its first MRB project in Quezon City targeting start-up and growing families. Rising along A. Bonifacio Avenue, the one-hectare property will house three buildings with a total of 348 units, ranging from two- to three-bedroom units with sizes between 75-105 square meters.
The property developer will allot 800 square meters of gross leasable area for a commercial center to cater to the day-to-day needs of its residents. The Signature is close to the commercial districts of Banawe in Quezon City and Grace Park in Caloocan City.
Another MRB project in the pipeline is Fortune Hill, a two-building project located on the site of the former head office of Filinvest along P. Gomez Street in San Juan. The development will offer a total of 92 units, with sizes ranging from 94-150 square meters. Each unit comes with two parking slots in the three-level basement parking.
FLI grew its net income by 18 percent to P1.967 billion at end-September from P1.661 billion in 2011 on the back of higher sales.
Source: http://www.interaksyon.com/business/...ects-this-year
By: Krista Angela M. Montealegre | InterAksyon.com | Tuesday | March 5, 2013 5:08 PM
MANILA - Filinvest Land Inc (FLI) is hiking the estimated value of its project launches this year, more than half of which will be new mid-rise building (MRB) projects.
In a disclosure to the Philippine Stock Exchange, the Gotianun-led property developer said it will launch six new mid-rise projects nationwide with an estimated sales value of P11 billion.
These MRB projects form part of the P20 billion worth of new projects FLI plans to launch this year, 38 percent more than the value of projects that FLI planned to roll out in 2012.
FLI plans to bring its portfolio of "Oasis" projects – considered as “stylish and modern havens within the urban jungle” – in Tagaytay, Iloilo and Cagayan de Oro. The real estate firm has existing "Oasis" developments in Ortigas, Pasig City, Manila, Paranaque City, Cebu and Davao.
Following the success of the first “Spatial” development in Pasig last year, FLI will also launch the second MRB project under the said brand in Davao City this year. Projects under this brand offer customers the “Oasis” lifestyle at more affordable prices, the company said.
FLI also plans to launch The Signature, its first MRB project in Quezon City targeting start-up and growing families. Rising along A. Bonifacio Avenue, the one-hectare property will house three buildings with a total of 348 units, ranging from two- to three-bedroom units with sizes between 75-105 square meters.
The property developer will allot 800 square meters of gross leasable area for a commercial center to cater to the day-to-day needs of its residents. The Signature is close to the commercial districts of Banawe in Quezon City and Grace Park in Caloocan City.
Another MRB project in the pipeline is Fortune Hill, a two-building project located on the site of the former head office of Filinvest along P. Gomez Street in San Juan. The development will offer a total of 92 units, with sizes ranging from 94-150 square meters. Each unit comes with two parking slots in the three-level basement parking.
FLI grew its net income by 18 percent to P1.967 billion at end-September from P1.661 billion in 2011 on the back of higher sales.
Source: http://www.interaksyon.com/business/...ects-this-year