Filinvest Land Inc. looks to launch P25 billion worth of projects this year.
Tristan Las Marias, Filinvest Land chief executive officer, told shareholders late last week this will optimize the realtor’s land bank and will sustain its strong market presence in cities it is currently in.
“In Cavite, we will launch our first mid- rise condo community project in Bacoor and upgrade our Wood Estate residential township in Trece Martires with commercial shops, transport terminals and affordable low- rise condo developments,” Las Marias said.
“Similarly, we will also launch a new residential township in Leganes, Iloilo called Iloilo Central which will also have supermarkets, daycare centers, public transport terminals. In recognition of Iloilo as the football capital of the Philippines, we will also build a huge park and a football field that will be open to the public,” he added.
Las Marias said Iloilo Central will offer Filinvest Land’s first walkup project, which will provide very affordable condo units located in a complete residential setting that provides social spaces, outdoor sports and activity event areas, modern amenities at very affordable prices.
“ We will open several mid-rise condo buildings in Dumaguete City, Zamboanga City, and General Santos City to sustain our strong market performance. 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.
Las Marias said the company will offer affordable housing projects in Rizal, Cavite, Laguna, Bataan, Zamboanga and other second-class cities in Visayas and Mindanao where it sees a huge, unserved demand.
