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.