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Business

Filinvest Land launching P25 billion residential projects

Richmond Mercurio - The Philippine Star
Filinvest Land launching P25 billion residential projects
FLI president and CEO Tristan Las Marias said the project launches are aimed to optimize the company’s land bank and sustain its strong market presence in cities where it is already present.
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MANILA, Philippines — Filinvest Land Inc. (FLI), the property unit of the Gotianun Group, plans to launch P25 billion worth of residential projects this year to further strengthen its position in the segment.

FLI president and CEO Tristan Las Marias said the project launches are aimed to optimize the company’s land bank and sustain its strong market presence in cities where it is already present.

Las Marias said FLI would launch its first mid-rise condo community project in Bacoor, Cavite.

It will also upgrade its Wood Estates residential township in Trece Martires City with commercial shops, transport terminals and affordable low rise condo developments.

In addition, Las Marias said FLI would launch a new residential township in Leganes, Iloilo called Iloilo Centrale.

Las Marias said Iloilo Centrale would provide condo units located in a complete residential setting that provides social spaces, outdoor sports and activity event areas, as well modern amenities at very affordable prices.

“And in recognition of Iloilo as the football capital of the Philippines, we will also build a huge park and football field that will be open to the public,” he said.

Las Marias said FLI has kept a balanced geographical portfolio for its residential business by exploiting residential business opportunities in key cities in Visayas and Mindanao.

“Our launch plan for 2024 will clearly support this strategy. We will open several mid-rise condo buildings in Dumaguete City, Zamboanga City and General Santos City to sustain our strong market performance and we will also open taller condo buildings in Cebu City and Davao City to match the growing market potentials in these highly urbanized cities and optimize our land bank values,” he said.

Seeing the huge unserved demand in housing, Las Marias said FLI also plans to continue to offer affordable housing projects in Rizal, Cavite, Laguna, Bataan, Zamboanga and other second-class cities in Visayas and Mindanao.

“The intent is to make housing accessible to as much government and private workers within the mass market income bracket and help more Filipinos build their dream,” he said.

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