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FLI eyes more areas for affordable housing

July 25, 2013 8:38 pm [ ]
Futura Homes, the affordable housing brand of listed developer Filinvest Land Inc. (FLI), is set to establish housing communities in Pasig, Valenzuela, Palawan and Davao this year.
In an interview with reporters, FLI First Vice President Reynaldo Ascaño said that the company is set to launch more projects under the Futura Homes brand within this year.
Ascaño cited that Pasig, Valenzuela, Palawan and Davao are the new areas for Futura Homes, the value homes brand of FLI that sells units for as low as P600,000 to P2 million.
FLI is also on the lookout for areas in the Visayas and Mindanao for the expansion of Futura Homes, he added.
Within this year, the company launched two community projects under the Futura Homes brand located in Cavite, Batangas and San Pedro, Laguna.
Ascaño specified that for each community, the company invests “less than a billion,” or approximately P700 million to P800 million.
Currently, the company has built a combined 16,000 units for 20 projects under the Futura Homes brand.
Earlier this year, FLI said that it will be launching six new mid-rise building projects nationwide this year. These projects, according to the developer, have an estimated sales value of P11 billion.
The six mid-rise developments the company intends to work on this year is only part of the total P20-billion worth of new projects FLI will launch this year.
Madelaine B. Miraflor

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