Friday, June 20, 2014

P20bn Filinvest development projects

Filinvest Land is planning to spend P20 billion on this year's real estate development projects.

To complement the residential business, the company plans to expand their leasing space of 346 000 square meters to 870 000 square meters by 2017 or 2.5 times the amount of space.

This is according to Filinvest Land president, Josephine Gotianun-Yap, who says the company plans to launch 22 projects, mostly in the middle-range housing sector, worth about P17.5 billion.

To complement the residential business, the company plans to expand their leasing space of 346 000 square meters to 870 000 square meters by 2017 or 2.5 times the amount of space.

Filinvest Land expects to use half of the budget to build two mixed-use projects in Makati and Manila, combining its prime investment property portfolio and urban residential product strategy.

Near the Tutuban complex in Chinatown, Filinvest’s one binondo will have a hotel, mall and plaza retail area, micro-retail stalls, office spaces and residential units. Their development on Buendia, 100 West, is planned to have residential, office and retail space for lease.

Furthermore, the company is developing projects in other parts of the country including Cebu, Tagaytay, and Alabang. Plans for constructing transport-oriented hubs are also on the docket, with locations in Alabang, Makati, Ortigas, Pasay and Quezon City. 

Yap says the company is expanding their affordable brand, not just in the greater Metro Manila area but in other areas of Luzon, Visayas and Mindanao.

Filinvest Land's landbank of 2 356 hectares can sustain 10 years' worth of horizontal development and about half that amount of time for vertical projects.

Filinvest Land is part of the Filinvest group, which does business in financial services, agriculture, power generation and hotels. 


Previous Next

Share
Email

Top Articles

Small spaces: Decor t...
Need a little more leg space in your living room? Use scaled-down sofas, arrang...
Home decor: Tips to c...
Even if you’re on a tight budget, it’s possible to completely transform a room ...
Buying Lots in Valenz...
Our partner is buying several properties in areas in Valenzuela, Quezon City, B...
Tips for designing th...
With imagination and clever design, you can encourage your family to spend more...
Buying Lots in QC, Va...
Our partner is buying several properties in Quezon City, as well as the cities ...
More property news...