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Filinvest sets P13-B projects for this year

By Danessa O. Rivera
02/14/2011 [ ]
Property developer Filinvest Land Inc. (FLI) targets the launch of around P13 billion worth of projects in 2011 which is worth 25 percent more than the estimated value of projects launched in 2010 to take advantage of the country’s strong economic growth and continued demand for its core business of mass market housing.
From 17 new projects and 24 additional phases of existing projects, targeted launches for 2011 include four new socialized housing projects, six new affordable housing projects and two new mid-rise building (MRB) projects, equivalent to over 14,000 units — almost double the close to 7,300 units launched in 2010.
Sales take-up for 2010 increased by 42 percent to P10 billion from 2009’s P7 billion, coming from the company’s core business of mass housing (socialized housing, affordable housing and middle-income housing), with midrise buildings (or MRBs, which fall under middle-income housing).
FLI currently has nine MRB projects that have been announced or are under construction, all under the “Oasis” series, with One Oasis Ortigas, Bali Oasis Marcos Highway, Maui Oasis Sta. Mesa, Sorrento OasisPasig and Capri Oasis Pasig in Metro Manila, and three in Metro Cebu (OneOasis Cebu, and Amalfi Oasis and San Remo Oasis within Citta de Mare in the South Road Properties), as well as One Oasis Davao.

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