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Manila Bulletin devider Business devider The Stock Market devider FLI to launch P25-B residential projects in 2024

FLI to launch P25-B residential projects in 2024

Published Apr 21, 2024 02:07 pm

Filinvest Land Inc. (FLI), the Gotianun Group’s publicly-listed property developer, is planning to launch this year residential projects worth P25 billion — mainly mid-rise buildings and affordable housing units.

During the firm’s annual stockholders’ meeting, FLI President Tristan Las Marias said these launches aim to optimize the firm’s land bank and sustain their strong market presence in cities where FLI is already present.

FLI Tristan Las Marias.png
FLI President Tristan Las Marias

“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,” he said.

In addition, Las Marias said they will 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, FLI we will also build a huge park and football field that will be open to the public.

Iloilo Central will also offer FLI’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 have also kept a balanced geographical portfolio for our residential business by exploiting residential business opportunities in key cities in Visayas and Mindanao,” Las Marias said.

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

With the huge unserved demand in housing, the Gotianun-owned company plans to continue offering affordable housing projects in Rizal, Cavite, Laguna, Bataan, Zamboanga, and other second-class cities in Visayas and Mindanao with the intent to make housing accessible to as much government and private workers within the mass market income bracket and help more Filipinos build their dream.
 

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Filinvest Land Inc. Tristan Las Marias
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