FLI to roll out P16B worth of residential projects
Gotianun-led Filinvest Land Inc. has programmed to launch P16 billion in new residential projects this year, five of which are medium rise buildings.
The property firm is building five more MRBs of existing projects with an estimated sales value of P7 billion. This will bring FLI’s total MRB projects to 32.
Apart from the MRBs, FLI has pipelined 17 horizontal residential projects valued at around P6.2 billion and one high-rise building with an estimated sales value of P2.8 billion.
The realty firm has earmarked P9 billion for the office building segment. It aims to complete five more office buildings — Axis 1 and 2 in Northgate Cyberzone, Pasay Cyberzone A and D in Bay Area (34,702 sqm), and Clark Mimosa building (13,036 sqm).
For retail, FLI is expanding the Festival Supermall at Filinvest City by another 46,705 sqm to maintain its position as the biggest mall in the southern part of Manila.
Il Corso lifestyle strip, a retail project in South Road Properties In Cebu, will contribute a GLA of around 35,000 sqm when fully completed.