Selling at 30 to 35 condominium units per month as per its report, Phinma Properties claims that its rate of turnover is up to 51 percent higher than the industry average, currently at 18 condo units per month.
Vice president of Phinma’s urban housing division, Raphael Felix issued that the pace is likely due to Phinma’s “Affordabest” condo units, which cost less than P1.7 million for 30 meters equipped with a balcony, a parking slot, and a two-year warranty on workmanship. A bargain, reportedly, compared to other developers’ standard rates.
“Aside from affordable properties and quick turnover of units, we have faster rate of sales because of our hard-working in-house structured sales force,” said Felix. “They are essential members of our group; Phinma takes care of them by offering generous commissions and incentives to keep them motivated.”
Felix also states that PHINMA Inc., the property firm’s mother company, is a “pioneer in the cement industry.”
“Our expertise helps PHINMA Properties build high-quality and truly affordable condominiums on its own,” stated Felix. “We save money from different construction fees and lessen the prices of our units.”
“Another factor that makes us unique is our methodology of construction. We build properties using ‘box building technology’ because of its strength, quality and speed. This allows us to offer fast turnover to our customers at affordable prices,” added Felix.
“Box building” refers to solid concrete construction, in which every wall in a structure is built entirely with concrete instead of hollow blocks. The technique sees to better and longer durability. It is widely used in the U.S.
Phinma Properties is a medium- and high-rise developer catering to the affordable housing market, with three ISO certifications to its name.