Filipino property developer Filinvest Land (FLI) plans to launch a 20ha subdivision along Daang Hari in Las Pinas this year and a 1.2ha integrated mixed-use project in Cubao, Quezon City next year.
The subdivision project in Daang Hari is targeted at capturing the high-end market with the properties to be priced at PHP45,000 ($1,005.43) per m² and have 4,000 houses at PHP2m ($2m) to PHP2.5m ($2.5m) each.
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It is expected to bring PHP9bn ($201m) in revenues for the company, which is owned by Gotianum group.
The 2ha project in Cubao, termed ‘Activa’, will be a mixed-used integrated initiative that will offer a four-storey commercial retail mall, two office towers for business process outsourcing sector, a residential condominium development along with a versatile office-residential tower.
Construction for the Cubao project is scheduled to start next year, and the company is currently conducting schematic planning.
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At present, FLI intends to generate recurring revenues of PHP30bn ($670.2m) to PHP40bn ($893.7m) by the end of 2016.
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By GlobalDataThe firm expects a revenue boost by the flow of incomes from additional recurring portfolio, with most being capped off by 2016.
FIL has a recurring income-generating project portfolio of around PHP30bn ($670.2m).
