By Richmond S. Mercurio (The
Philippine Star) | Updated December 28, 2014 - 12:00am
MANILA, Philippines - Filinvest Land
Inc., the real estate arm of the Gotianun family, is preparing a more
aggressive expansion of its residential offerings next year as it seeks to
further cement its mark in the affordable and middle-income housing market
segments.
With an estimated landbank of over
2,400 hectares, FLI president and chief executive officer Josephine
Gotianun-Yap said the company has planned further expansions in Northern Luzon
next year.
Specifically, FLI will ramp up
residential offerings through project launches in Taguig, Pasig, Valenzuela,
Paranaque, Cavite, Binondo, Manila, Mactan, Cebu, Dumaguete and Iloilo.
“FLI has one of the largest landbanks
among the listed property companies. We have enough land to sustain projects
for over 10 years,” Gotianun-Yap said.
She said the Filinvest Group’s housing
portfolio is still the “bread and butter” of the company, even with its
diversification into other real estate businesses such as hotel developments
and investments in power generation, financial service, sugar farming and
milling.
She said 70 percent of FLI’s income is
still derived from development projects while 30 percent comes from rental or
recurring income projects.
“Filinvest is one of the country’s top
and largest nationwide developers in the affordable and middle-income market
segments. We have a sustained focus on our core affordable market in 2015. The
nationwide housing backlog would still drive the housing demand for our middle
income and affordable brands,” Gotianun Yap said.
FLI said it would continue to address
these markets through the continued roll-out of its Futura brand of affordable
homes and the Oasis and Spatial medium rise buildings in urban centers.
“By focusing on medium rise buildings
and traditional housing, Filinvest continues to develop projects with
construction cycles of less than a year to meet the immediate needs of our end
user market,” Gotianun-Yap said.
“We are particularly proud of our
Oasis and Spatial products which provide family units in urban centers in the
affordable P2 to P3 million range. With
over 60 percent of the land allocated for green spaces, amenities and open
areas, we keep our medium rise building projects low density to ensure you have
a sustainable and happy environment to raise your family,” she added.
FLI has presence in over 40 key areas
nationwide following launches of more housing and medium rise building projects
outside Metro Manila and in more regional centers in recent years.
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