Filinvest Land Inc. said the company will continue to increase its leasing business as it strengthens its position in the real estate market.
Speaking during the company’s annual shareholders meeting Thursday, company president Josephine Gotianun-Yap said: “Close to half of our revenues come from our rental or investment properties. We will continue to grow this segment. Based on an international appraisal company, our existing investment portfolio and those under construction are valued at P190 billion.
Filinvest Land eyes to spend P16 billion as capital expenditures this year , with P7.3 billion earmarked for investment properties, and the balance for the residential business. In 2019, Filinvest Land spent P20 billion across its various businesses.
