FILINVEST Land Inc., the real estate arm of the Gotianun family from Cebu, 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 land bank of over 2,400 hectares, FLI President and Chief Executive Officer Josephine Gotianun-Yap said the company has planned further expansions in Mactan and in the cities of Cebu, Dumaguete and Iloilo.
In a press release, FLI said it will also ramp up residential offerings in northern Luzon and through project launches in Taguig, Pasig, Valenzuela, Paranaque, Cavite, Binondo and Manila.
“FLI has one of the largest land banks among the listed property companies. We have enough land to sustain projects for over 10 years,” Gotianun-Yap said.
Bulk in development
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.
In Cebu, the company continues to develop and market properties at Amalfi Oasis and Sanremo Oasis at SRP and One Oasis in Kasambagan, residential options at Escala in Corona del Mar in Talisay City, as well as Aldea de Sol and Seascapes in Mactan.
“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,” Gotianun Yap said.
FLI operates in over 40 key areas nationwide, following launches of more housing and medium rise building projects outside Metro Manila. (PR)
Published in the Sun.Star Cebu newspaper on February 02, 2015.
