Filinvest Land profit up 17%

Malaya - Property group Filinvest Land, Inc. announced yesterday a profit of P3.43 billion for 2012, higher by 17 percent from the previous year’s P2.94 billion.

Consolidated revenues reached P11.61 billion, up by 21 percent from the previous year’s P9.59 billion, driven by a 27 percent increase in real estate sales to P8.8 billion from P6.95 billion in 2011, the company said.

Rental income, on the other hand, contributed P1.78 billion to total revenues, 16 percent higher than the previous year’s P1.53 billion.

“The hike in real estate sales was driven by higher reservation sales generated during the year, as well as the completion of more mid-rise buildings (MRB) that were already sold,” Filinvest Land said.

In 2012, the company completed the construction of 16 buildings in eight MRB projects. FLI started its first MRB in February 2008, and has since completed 41 buildings in its various MRB projects as of the end of 2012. Another 11 buildings are currently under construction.

Sales take-up generated in 2012 reached P13.1 billion, 15 percent highet than the P11.4 billion in 2011. To sustain its sales growth, FLI launched nine new projects and 12 additional phases of existing projects in 2012.

Meanwhile, equity in net earnings from Filinvest Land’s 20 percent-owned affiliate, Filinvest Alabang, Inc. (FAI), the developer of the 244-hectare Filinvest City, in Alabang, Muntinlupa, surged to P187 million in 2012 from P63 million in 2011.

FAI sold lots with a combined area of 2.6 hectares to various buyers in 2012, including a lot to a major university. Lot prices at Filinvest City have hit a high of P115,000 per square meter, significantly higher than the previous highest price achieved during the height of the property boom in 1997, right before the Asian Financial Crisis, compared with the range of P53,200 to P67,500 per square meter for 2011.

“Prices have soared in recent months with the completion of the Skyway extension from Sucat to Alabang in April 2011,” Filinvest Land said.

As of the end of 2012, FAI still beneficially owns 85.1 hectares of developed land in Filinvest City.
Filinvest Land’s financial condition remained very healthy with stockholders’ equity at P45.88 billion.

Total assets stood at P81.93 billion, 20 percent higher than the P68.3 billion in end-2011.

For more details on Filinvest Land residential homes and condos, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Filinvest to launch 6 mid-rise buildings

Filinvest Land Inc. said Tuesday it will launch six new mid-rise buildings this year with expected sales of P11 billion.

The property developer said in a disclosure to the stock exchange the six medium-rise buildings would form part of the P20-billion new projects that it planned to unveil this year.

FLI said the six buildings would bring the company’s total number of medium-rise projects to 18, making it the leading MRB developer in the country.

FLI will also launch its second MRB project in Davao this year, following the launch of The Signature, its first MRB project in Quezon City.

The Quezon City project, located along A. Bonifacio Avenue, will rise on a one-hectare property which is close to the commercial districts of Banawe in Quezon City and Grace Park in Caloocan City.  The project will have three buildings with a total of 348 units.

For more details on Filinvest Land residential homes and condominiums, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.   

Vinia Residences Filinvest Creates Green Sanctuary Along EDSA

With life in the metro always in the fast lane, it’s remarkable to find a haven of peace within the city. At Vinia Residences + Versaflats, however, one can find that sanctuary. This is not an empty promise, as this residence, situated along EDSA in Barangay Philam, Quezon City, has incorporated a variety of green elements in its design.

An 18-meter “living wall”, for example, makes for a welcoming sight.  Located on the building façade, the living wall is covered with lush vines that are placed to enhance the quality of air around the residences. Tropical plants also provide accents and pops of color amidst the greenery.

This striking element is not only for the enjoyment of its residents. Passersby will delight in seeing this vision of natural beauty among the grays of the various buildings along this major thoroughfare.  The presence of such refreshing foliage also plays a part in reducing pollution around the area.

The living wall also covers a portion of the residences’ Sky Lounge, which was designed to provide a relaxing ambience.  Verdant shrubs dot choice sections of the lounge, creating the feel of visiting a garden high up in the sky.

Comfortable seating areas are perfect for those who want to put a creative spin to their meetings, or would like to take a break and enjoy tea with friends.

Vinia Residences + Versaflats demonstrates how natural features and modern elements can blend together to elevate the urban living experience. And thanks to the abundant greenery, residents will feel invigorated breathing the fresh air.

Developed by Filinvest, this new building combines comfort and convenience in one stylish haven.  Its choice location makes it accessible via private and public transportation; work or recreation destinations are also easy to reach. The North Avenue MRT station is just a few minutes walk away, as are major shopping malls such as Trinoma and SM City North EDSA.

The new address offers a range of living options to suit any requirements, from studios, one-bedroom and two-bedroom units. All units have good-sized picture windows that provide vistas of the Quezon City and Manila skylines and the Rizal mountainside, as well as allow in natural light and proper ventilation.

Vinia Residences + Versaflats is also ideal for entrepreneurs or professionals, as it offers flexible office spaces that make for a worthy investment.

With a history spanning almost 50 years, Filinvest has built more than 135,000 homes on over 2,350 hectares of land to fulfill many dreams of Filipino families across the nation.


For more details on Vinia Residences  you may contact Reby Ramirez @ 0919.699.3572 / 0916.4044.555 / 0922.883.9308 / 02-4044-534 or e-mail at reby_ramirez@yahoo.com

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.

Megaworld, Filinvest post strong H1 profits

ABS-CBN - Property developers Megaworld Corp. and Filinvest Land Inc. reported strong profits in the first half of the year, on sustained residential real estate sales.

Tycoon Andrew Tan's Megaworld posted a core net income of P3.69 billion in the first six months of 2012 up 15% from P3.21 billion a year ago, on the back of strong residential real estate sales and BPO office rental portfolios.

Megaworld's consolidated revenues were up 12% to P15.43 billion. Rental income from its BPO office and retail developments jumped 39% to P2.26 billion.

Megaworld Senior Vice President Francis Canuto attributed the results to "the strength of the company’s business model."

Meanwhile, Filinvest Land's net income rose 19% to P1.525 billion in the first half, fueled by the real estate sales and rental income.

Real estate sales rose 28% increase P3.838 billion in the six months of the year, from P2.994 billion a year ago. Sales take-up in the first half hit P6.89 billion, 21% higher than the same period last year.

In the second quarter of 2012, Filinvest launched P4.5 billion worth of projects, including 2 in Havila, Rizal - Primrose Townhomes and The Enclave at Highlands Pointe, as well as additional phases in existing subdivisions and mid-rise buildings Capri Oasis and Sorrento Oasis in Pasig, and Sanremo Oasis in Cebu.

Rental income from Festival Supermall, PBCom Tower and Northgate Cyberzone in Filinvest Corporate City contributed P854 million to total revenues, 16% higher than a year ago.

Filinvest's total revenues went up 24% to P5.209 billion in the January to June period.

For more details on Primrose Townhomes and The Enclave at Highlands Pointe projects, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308 / 0916.4044.555 / 0919.699.3572 / 4044-534.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.

Beaufort

The Beaufort is a two tower world-class condominium development rising atop of 6-level banking podium. The Beaufort embodies your desire for a living environment befitting your stature.

With only 4 units per floor, it fulfills individuals need for space, symmetry, harmony and balance. It has designed first-class amenities and facilities as perfect venues for recreation, rejuvination and relaxation.

It boasts of world-class building design and structure, with breathtaking view of Makati skyline and Manila Golf Course among others. It is close to your essential daily destinations - from prime business and shopping venues, to premier medical and learning institutions.


Location
5th Avenue corner 23rd Street Fort Bonifacio Global City , Taguig City , MetroManila

Nestled within Bonifacio Global City, envisioned to be one of the most modern and best master-planned business districts in the country. The Beaufort's enviable location lets you enjoy the advantages of living in the country's future business capital, with prime business and shopping venues, to premier medical and learning institutions, found within your own neighborhood.

The Beaufort is strategically located at the corner of 5th Avenue and 23rd Street, on one of the few remaining lots overlooking the Manila Golf Course.

It is only 500 meters away from McKinley Drive, and a few blocks from the Philippine Stock Exchange and St. Lukes Hospital. A stones throw away from the shops and restaurants of Bonifacio High Street and The Fort.

With your central location, arriving where you need to be is effortless. Fort Bonifacio straddles the business hubs of Makati and Ortigas centers, and is directly linked to Edsa and C5. It is also connected to the world, owing to its proximity to Manila domestic and international airports.


TYPE OF DEVELOPMENT

2-tower office/residential condominium
West Tower - 43 levels
East Tower - 42 levels
Inclusive of 6-level banking podium with separate drop-off, lobby, entrance and elevators

PROJECT TIMETABLE
Start of Construction ; April 2008
Project Completion : 2012
Developer: Filinvest


For details on The Beaufort, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.

For details on the Real Estate Service Act or RESA Law > http://www.ra9646.com/

Showcase bonanza from Filinvest

As a gift to its customers, Filinvest Land, Inc. will give a showcase bonanza worth P100,000 to buyers of units at The Linear. They can use this to buy home essentials as a “starter kit” to make their new home more livable upon moving in. Once the units are officially turned over and accepted by the owners, they will be given a certification to purchase the appliances and furnishings they need to dress up their living area, dining rooms, bedrooms and kitchen at stores accredited by Filinvest.

With this added bonus, moving in at The Linear becomes a highly anticipated affair. Residents can move to an already furnished unit while saving a hundred thousand on homeware. The showcase bonanza cannot be used in conjunction with any existing Filinvest promo.

The Linear is a step forward in the local property development sector by espousing eco-friendly living in the country. This high-rise community adopts an eco-roof technology that originated from Europe. There will be real gardens, waterproofing membrane, and a system that collects and drains rainwater. The aesthetic beauty of the eco roof complements the pro-environmental benefits it proffers. Just a few steps away from Sen. Gil Puyat Avenue, Buendia-SLEX and the Skyway, The Linear enjoys a close proximity to the Makati Central Business District, prestigious educational institutions, hospitals, and other places of interests like church, museum, parks.

Leisure destinations are also within easy reach, as Festival Supermall, SM Mall of Asia, Ayala Center, and Cash & Carry are located just a few minutes away. The proximity of these commercial establishments, as well as the retail area in The Linear’s ground floor level, will surely satisfy its residents’ lifestyle needs. Buyers have a choice of studio, one-bedroom and two-bedroom units that are ideal for single professionals, young couples and start-up families.

For more details on The Linear and other Filinvest's projects, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308 / 0916.4044.555 / 0919.699.3572 / 4044-534.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.

Filinvest’s Vinia Residences + Versa Flats: Quezon City’s Newest Power Address

Manila Bulletin - The growth of Quezon City as a major destination for business, entertainment and leisure will attract more people to have an address in the city.  A powerful address that puts the resident close of business and leisure centers was launched recently by Filinvest – the Vinia Residences + Versa Flats.

The project is strategically located along EDSA, in Barangay Philam, Quezon City. Future residents will enjoy the convenience of living near places of work or destinations for recreation.  With the North Avenue MRT station just a few minutes’ walk away, and with major shopping malls such as Trinoma and SM City North EDSA accessible via the walkways, residents can commute to and from work or even take a leisurely stroll to these lifestyle destinations.

Not just a residential community, the development also features spaces for budding entrepreneurs or professionals.  Vinia Residences + Versaflats (versatile flats or small office-home office), available in studio-type or one-bedroom units, are ideal for fair-sized office spaces.  It also presents a good investment opportunity.

Studio units start at 22.75 sqm, one-bedroom units from 28 sqm, and two-bedroom units at 49.34 sqm.

These choices will inspire young urban professionals, newly married couples or young nesters to put their own stamp in their space.  All units have picture windows that not only provide views of Quezon City and the Rizal mountainside, but also allow in natural light and proper ventilation.

Another feature is the 18-meter “living” wall on the building façade.  To incorporate nature into its projects, the community has green common area balconies and a landscaped center court which provide refreshing and relaxing living experiences for residents.  Such inclusion of plants and other natural elements help exude a refreshing aura, as well as improve the quality of air within and around the community.

It has an array of amenities that will keep unit owners home to enjoy them.  Residents and their friends will enjoy the roof deck, infinity and wading pools, sky terrace, sky pavilion and gardens.  Health enthusiasts can get their fix at the fitness studio and gym.  A business center with meeting rooms is open to various uses, from small group activities to mini-business functions.

The ground floor will also include retail spaces ideal for a milk tea/ coffee shop, convenience store, water refilling station, spa and beauty salon.  Add to these comforts the Wi-Fi access at the ground floor and amenity roof deck, 24-hour security, and property management.

This is one of the projects of Filinvest Land, Inc. The developer has built more than 135,000 homes on over 2,350 hectares of land, in the almost 50 years that it has been in operation.

For more details on Vinia Residences + Versa Flats, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308 / 0916.4044.555 / 0919.699.3572 / 4044-534.

For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.