MANILA, Philippines - Filinvest Development Corp., the listed investment holding firm of the family of businessman Andrew Gotianun, is interested in the Public-Private Partnership projects being offered by the government.
FDC president Josephine Gotianun-Yap said the group is looking at some PPP projects, particularly on power generation, and expects to announce concrete plans in the next three to six months.
The local government is preparing 80 infrastructure-related projects worth about P740 billion. A handful of these may be auctioned off within the year.
The group has formed Strong Field Gas & Electric Corp., with an initial authozed capital of P16 million, to serve as its corporate vehicle for its venture into the power business.
FDC’s diversification into the power generation business will start with two coal-fired power plants planned in the Visayas and Mindanao with a total capacity of 300 megawatts.
FDC is in the process of applying for permits from the relevant governmental and regulatory authorities and is in negotiations with potential equipment suppliers and potential power off-takers with respect to each project.
With respect to the potential power project in the Visayas, FDC is also conducting a feasibility study with respect to a potential water desalination facility at the same site that would be operated using off-peak power from the proposed power plant.
The Filinvest Group is one of the country’s leading conglomerates, with interests in real estate through Filinvest Land, financial and banking services (East West Banking Corp.) and sugar manufacturing through Pacific Sugar Holdings.
Filinvest Land Inc., FDC’s 51 percent owned property unit, develops affordable and mid-income housing projects as well as tourism-related projects.
FDC also has 91 percent effective ownership in Filinvest Alabang Inc., developer of Filinvest Corporate City, Alabang – the premiere urban district in South Metro Manila.
East West is one of the fastest growing commercial banks with one of the highest return on equity in the Philippine banking sector while Pacific Sugar operates two sugar mills and two sugar refineries, and has corporate sugarcane farming operations.
The Filinvest Group has been in the residential business for over 45 years and has developed over 2,000 hectares of raw land into homes for more than 110,000 families, as well as over 600,000 square meters of office/retail and high-rise residential space.
For related information on the new real estate law, RA 9646, please proceed to www.ra9646.com, the online repository of updated information on Real Estate Service Act of 2009 (RESA).
source: Philippine Star, Apr 18 2011
Monday, April 18, 2011
Monday, January 24, 2011
Filinvest postpones follow-on share sale
It was a busy week in Asia's capital markets last week with three convertibles, one exchangeable and numerous follow-ons and blocks. But, in a clear sign that price is still an issue, both for investors and issuers, Filinvest Development Corp on Friday announced that it was postponing its follow-on offering, which had been due to price after the close of US trading last Wednesday.
The Philippine conglomerate, which is owned by the Gotianun family and has interests in property development, banking and the sugar industry, had been seeking to raise between Ps12.5 billion to Ps15 billion ($276 million to $332 million), excluding the 15% overallotment option, and was set to become the first equity offering of size to price in the Philippines this year.
The company said in a statement to the Philippine stock exchange that the decision to postpone was due to volatile market conditions.
“While there was ample demand from investors for an offering to be completed, the board has decided that the proposed offer price of its equity shares would not reflect the true value of the company,” it said.
The statement suggests that there may have been enough demand to cover the deal towards the bottom of the indicated price range, but that the management was not keen to sell at that price. And to push the price higher would have been difficult after the share price fell 15% on Tuesday through Thursday last week, reducing the indicated discount.
The drop in the share price didn’t come in isolation as several markets in Asia took a beating last week amid concerns about inflation. However, Filinvest did significantly underperform the broader Philippine market which fell 4.8% on Thursday through Friday last week and is now down slightly more than 5% year-to-date. That said, the company’s share price had just about tripled from having traded around Ps2 in the first half of last year to a high of Ps6.10 last Monday, so a bit of a correction was perhaps to be expected.
The deal was marketed without a specific price range during most of the roadshow, but on Tuesday last week the bookrunners said the deal would price between Ps5 and Ps6 per share. This indicated a discount of between 1.6% and 18% versus last Monday’s close. However, by the end of Thursday’s trading, that discount had shrunk to 3.5% at the bottom end of the price range. The top end implied a premium of almost 16%.
Investors may have been willing to accept a tight discount as the deal was viewed as a liquidity event and would have given them an opportunity to buy shares in bulk – something which had been difficult to do when the free-float was only 16% to 17%. Filinvest is also well regarded in the Philippine real estate sector and investors had indicated that they liked the offering as it would give them exposure to a cross section of the economy and the country’s GDP growth. However, to convince them to buy shares at a significant premium to the current market price may have been a harder sell.
Filinvest said in the announcement that it “believes it will have sufficient internally generated cash for its capital expenditure and expansion plans for the upcoming year.” It had earlier said that the money was to be used for the development of land and its hospitality business; to increase the capitalisation of its wholly owned banking business, East West Bank Corporation; for investments into infrastructure and utilities, which is a relatively new business for Filinvest; and for debt repayments.
However, the share price fell another 1.35% on Friday, which suggests shareholders were disappointed with the decision to postpone the fundraising.
Filinvest was looking to sell up to 2.5 billion shares, or a 33.3% stake in the company, through a so called top-up placement. The latter is the preferred method for Hong Kong follow-ons as well and essentially means that an existing shareholder sells a certain number of secondary shares through the placement and then subscribes to the same number of new shares issued by the company at the same price. The reason why they do this is purely technical and has to do with how quickly the shares can be made available for a sale.
The company kicked off the roadshow on January 5 and has since visited six cities in addition to Manila, including: Singapore, Hong Kong, London, New York, Boston and San Francisco. J.P. Morgan and UBS were joint bookrunners, with the latter also acting as the global coordinator.
For details on Filinvest projects, you may contact Reby Ramirez @ +63 916.4044.555 / +63 919.699.3572 / +63 922.941.4139 or e-mail: reby_ramirez@yahoo.com
source: Finance Asia, Jan 24 2011
The Philippine conglomerate, which is owned by the Gotianun family and has interests in property development, banking and the sugar industry, had been seeking to raise between Ps12.5 billion to Ps15 billion ($276 million to $332 million), excluding the 15% overallotment option, and was set to become the first equity offering of size to price in the Philippines this year.
The company said in a statement to the Philippine stock exchange that the decision to postpone was due to volatile market conditions.
“While there was ample demand from investors for an offering to be completed, the board has decided that the proposed offer price of its equity shares would not reflect the true value of the company,” it said.
The statement suggests that there may have been enough demand to cover the deal towards the bottom of the indicated price range, but that the management was not keen to sell at that price. And to push the price higher would have been difficult after the share price fell 15% on Tuesday through Thursday last week, reducing the indicated discount.
The drop in the share price didn’t come in isolation as several markets in Asia took a beating last week amid concerns about inflation. However, Filinvest did significantly underperform the broader Philippine market which fell 4.8% on Thursday through Friday last week and is now down slightly more than 5% year-to-date. That said, the company’s share price had just about tripled from having traded around Ps2 in the first half of last year to a high of Ps6.10 last Monday, so a bit of a correction was perhaps to be expected.
The deal was marketed without a specific price range during most of the roadshow, but on Tuesday last week the bookrunners said the deal would price between Ps5 and Ps6 per share. This indicated a discount of between 1.6% and 18% versus last Monday’s close. However, by the end of Thursday’s trading, that discount had shrunk to 3.5% at the bottom end of the price range. The top end implied a premium of almost 16%.
Investors may have been willing to accept a tight discount as the deal was viewed as a liquidity event and would have given them an opportunity to buy shares in bulk – something which had been difficult to do when the free-float was only 16% to 17%. Filinvest is also well regarded in the Philippine real estate sector and investors had indicated that they liked the offering as it would give them exposure to a cross section of the economy and the country’s GDP growth. However, to convince them to buy shares at a significant premium to the current market price may have been a harder sell.
Filinvest said in the announcement that it “believes it will have sufficient internally generated cash for its capital expenditure and expansion plans for the upcoming year.” It had earlier said that the money was to be used for the development of land and its hospitality business; to increase the capitalisation of its wholly owned banking business, East West Bank Corporation; for investments into infrastructure and utilities, which is a relatively new business for Filinvest; and for debt repayments.
However, the share price fell another 1.35% on Friday, which suggests shareholders were disappointed with the decision to postpone the fundraising.
Filinvest was looking to sell up to 2.5 billion shares, or a 33.3% stake in the company, through a so called top-up placement. The latter is the preferred method for Hong Kong follow-ons as well and essentially means that an existing shareholder sells a certain number of secondary shares through the placement and then subscribes to the same number of new shares issued by the company at the same price. The reason why they do this is purely technical and has to do with how quickly the shares can be made available for a sale.
The company kicked off the roadshow on January 5 and has since visited six cities in addition to Manila, including: Singapore, Hong Kong, London, New York, Boston and San Francisco. J.P. Morgan and UBS were joint bookrunners, with the latter also acting as the global coordinator.
For details on Filinvest projects, you may contact Reby Ramirez @ +63 916.4044.555 / +63 919.699.3572 / +63 922.941.4139 or e-mail: reby_ramirez@yahoo.com
For details on RA 9646 or RESA Law, please visit www.ra9646.com. RA9646.com is the central depository of all updates on the new law for the practice of real estate service in the Philippines.
source: Finance Asia, Jan 24 2011
Tuesday, December 7, 2010
Filinvest's Capri Oasis carves dynamic lifestyle
Living in a highly urbanized area may bring residents closer to all necessities, but one may have to bear with traffic congestion going to and from the workplace every single day. Suburban living, on the other hand, may give the serenity one usually aspires, but it can also mean spending long hours on the road and less time with the family.
Which is why the ideal home can only be described as the perfect mix of accessibility, serenity, and security – somewhere in the heart of the city, yet far from its noise and chaos. The ideal home is modern and stylish, yet infused with flourishing greens and gardens. In modern living, one can only call this place an oasis.
In Pasig City lies exactly this kind of home – a welcome refuge from the hustle and bustle of the urban world. The community is called Capri Oasis by Filinvest, inspired by the Italian resort-town of Capri, a picturesque town bathed in a charm of its own courtesy of its Mediterranean vegetation, deep turquoise coastlines and sun-drenched landscapes.
This mid-rise condo community is posed to render a vibrant change to city living, turning it from exhausting to refreshing, invigorating, and truly rewarding. The new condominium community is the latest addition to Filinvest’s series of mid-rise condo hubs in key cities. Occupying a 1.9-hectare prime property along Sixto Antonio Avenue in Maybunga, Pasig, Capri Oasis is accessible via the C-5 Northbound lane-Eagle Street route, giving one the proximity to life’s necessities and demands.
This portrait of worry-free urban living is made even more pleasurable with a range of resort-inspired amenities that are reminiscent of the isle of Capri’s refreshing environs.
A weekend barbecue at the park grounds poses an opportunity to bond with friends and family. Morning laps at the pool, on the other hand, should get you all revved up for the day. A game of tag with the kids at the spacious children’s play areas makes for fun quality time with the family.
If these options do not suffice, then there’s the wellness hub when feeling in the mood to burn those holiday calories or the basketball court when friends are up for a dose of friendly competition. Between well-designed buildings and an array of amenities, one can find tranquility in an afternoon walk at the commune’s open spaces and well-maintained gardens.
In the midst of all these lies a home which complements a modern urbanite’s fast-paced lifestyle and provides the soothing retreat amid the urban jungle. Available are studio, one-bedroom, and two-bedroom units.
This enclave’s round-the-clock security completes the oasis experience. The property has put in place lofty walls and a well-guarded, gated entrance to ensure that residents are safe and secure all the time.
To help experience this oasis sooner, Filinvest is currently offering a special financing scheme and extended-payment promo for buildings Brezza and Solare.
For details on Capri Oasis and other Filinvest projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Which is why the ideal home can only be described as the perfect mix of accessibility, serenity, and security – somewhere in the heart of the city, yet far from its noise and chaos. The ideal home is modern and stylish, yet infused with flourishing greens and gardens. In modern living, one can only call this place an oasis.
In Pasig City lies exactly this kind of home – a welcome refuge from the hustle and bustle of the urban world. The community is called Capri Oasis by Filinvest, inspired by the Italian resort-town of Capri, a picturesque town bathed in a charm of its own courtesy of its Mediterranean vegetation, deep turquoise coastlines and sun-drenched landscapes.
This mid-rise condo community is posed to render a vibrant change to city living, turning it from exhausting to refreshing, invigorating, and truly rewarding. The new condominium community is the latest addition to Filinvest’s series of mid-rise condo hubs in key cities. Occupying a 1.9-hectare prime property along Sixto Antonio Avenue in Maybunga, Pasig, Capri Oasis is accessible via the C-5 Northbound lane-Eagle Street route, giving one the proximity to life’s necessities and demands.
This portrait of worry-free urban living is made even more pleasurable with a range of resort-inspired amenities that are reminiscent of the isle of Capri’s refreshing environs.
A weekend barbecue at the park grounds poses an opportunity to bond with friends and family. Morning laps at the pool, on the other hand, should get you all revved up for the day. A game of tag with the kids at the spacious children’s play areas makes for fun quality time with the family.
If these options do not suffice, then there’s the wellness hub when feeling in the mood to burn those holiday calories or the basketball court when friends are up for a dose of friendly competition. Between well-designed buildings and an array of amenities, one can find tranquility in an afternoon walk at the commune’s open spaces and well-maintained gardens.
In the midst of all these lies a home which complements a modern urbanite’s fast-paced lifestyle and provides the soothing retreat amid the urban jungle. Available are studio, one-bedroom, and two-bedroom units.
This enclave’s round-the-clock security completes the oasis experience. The property has put in place lofty walls and a well-guarded, gated entrance to ensure that residents are safe and secure all the time.
To help experience this oasis sooner, Filinvest is currently offering a special financing scheme and extended-payment promo for buildings Brezza and Solare.
For details on Capri Oasis and other Filinvest projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Gotianuns entering infrastructure, power
GOTIANUN-led holding firm Filinvest Development Corp. is planning to go into the infrastructure and utility businesses for the first time, the company told the local bourse yesterday.
The holding firm, whose main business is property development, wants to put up two power plants and a water treatment facility after getting funds from the equity market.
“Filinvest Development is in the planning stages of adding infrastructure and utilities assets to its portfolio of Philippine businesses,” the company said in a disclosure.
“The company is considering two potential clean coal-fired power generation projects, namely a 150-megawatt (MW) project in Luzon and another 150 MW project in the Visayas,” it added.
The listed holding firm is already applying for permits from regulatory authorities.
Filinvest Development also said it was “in negotiations with potential equipment suppliers and potential power off-takers with respect to each project.”
The firm is conducting a feasibility study for a water desalination facility at the site of the proposed Visayas power plant. The water project will be operated using off-peak power from the power plant.
Late in November, shareholders approved the company’s plan to sell shares of stock to raise funds. Stockholders also approved the increase in the authorized capital of the company to P17 billion from P10 billion.
Under the scheme, ALG Holdings Corp., the parent of Filinvest Development, will sell not more than three billion shares in the listed holding firm. Filinvest Development will then issue new shares of the same amount and volume, which will be subscribed to by ALG Holdings.
The price of the share sale will be determined by a lead manager, which has yet to be appointed, Filinvest Development said.
To facilitate its entry into infrastructure and utilities, Filinvest Development said a “senior expert” in the local infrastructure industry will join the company on Jan. 1.
A stock market analyst said Filinvest Development has to “learn the ropes.”
“Definitely it is new food on the table. They will have to learn the ropes [and] they will hire a new work force for that,” Astro C. del Castillo, managing director of brokerage firm First Grade Holdings, Inc., said in a phone interview yesterday.
Mr. del Castillo said there is still a power shortage in the Visayas region that Filinvest Development can plug.
Filinvest Development is also into banking and financial services through East West Banking Corp., and sugar operations through Pacific Sugar Holdings Corp., Davao Sugar Central Co., Inc., Cotabato Sugar Central Co., Inc., and High Yield Sugar Farms Corp.
Filinvest Development’s profits jumped by 159% to P2.91 billion in the nine months that ended in September as property unit Filinvest Land, Inc. reported an uptick in revenues.
Shares in the holding company rose by P0.02 to P4.92 apiece yesterday.
For details on Filinvest properties, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business World, 07 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
The holding firm, whose main business is property development, wants to put up two power plants and a water treatment facility after getting funds from the equity market.
“Filinvest Development is in the planning stages of adding infrastructure and utilities assets to its portfolio of Philippine businesses,” the company said in a disclosure.
“The company is considering two potential clean coal-fired power generation projects, namely a 150-megawatt (MW) project in Luzon and another 150 MW project in the Visayas,” it added.
The listed holding firm is already applying for permits from regulatory authorities.
Filinvest Development also said it was “in negotiations with potential equipment suppliers and potential power off-takers with respect to each project.”
The firm is conducting a feasibility study for a water desalination facility at the site of the proposed Visayas power plant. The water project will be operated using off-peak power from the power plant.
Late in November, shareholders approved the company’s plan to sell shares of stock to raise funds. Stockholders also approved the increase in the authorized capital of the company to P17 billion from P10 billion.
Under the scheme, ALG Holdings Corp., the parent of Filinvest Development, will sell not more than three billion shares in the listed holding firm. Filinvest Development will then issue new shares of the same amount and volume, which will be subscribed to by ALG Holdings.
The price of the share sale will be determined by a lead manager, which has yet to be appointed, Filinvest Development said.
To facilitate its entry into infrastructure and utilities, Filinvest Development said a “senior expert” in the local infrastructure industry will join the company on Jan. 1.
A stock market analyst said Filinvest Development has to “learn the ropes.”
“Definitely it is new food on the table. They will have to learn the ropes [and] they will hire a new work force for that,” Astro C. del Castillo, managing director of brokerage firm First Grade Holdings, Inc., said in a phone interview yesterday.
Mr. del Castillo said there is still a power shortage in the Visayas region that Filinvest Development can plug.
Filinvest Development is also into banking and financial services through East West Banking Corp., and sugar operations through Pacific Sugar Holdings Corp., Davao Sugar Central Co., Inc., Cotabato Sugar Central Co., Inc., and High Yield Sugar Farms Corp.
Filinvest Development’s profits jumped by 159% to P2.91 billion in the nine months that ended in September as property unit Filinvest Land, Inc. reported an uptick in revenues.
Shares in the holding company rose by P0.02 to P4.92 apiece yesterday.
For details on Filinvest properties, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business World, 07 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Wednesday, October 13, 2010
Filinvest: Builder of dreams takes on nurturing role
For four decades, Filinvest firmly established its presence in the property development industry, steadily creating a vast and diverse portfolio of projects all over the Philippines . Guided by the vision of building the Filipino dream, it has developed over 2,000 hectares of land to fulfill the dreams of over 100,000 Filipino families.
Filinvest realizes that the success it is enjoying today is largely credited to its dream-builders --- the employees and sales associates who tirelessly carry out the company’s day-to-day operations to ensure the company’s continued growth. For this reason, aside from fulfilling the dreams of its clients, Filinvest takes care of its own – providing support and nurturing dreams across the organization and extending to the community as well. Believing in the principle that happy employees make productive employees, Filinvest strives to cultivate a positive and supportive environment at all levels of the organization. Beyond the requisite financial remuneration, the company looks after the welfare and well-being of its 700-strong employee roster based in its head office and satellite offices.
Employee morale gets a boost with sportsfests, teambuilding activities and values enhancement programs. As one family that looks after its members, the company is quick to assist its employees who are victims of calamities and even signed an agreement to set up an exclusive blood bank at the Philippine National Red Cross.
It comes as no surprise that employees have responded with loyalty, with a sizeable number of service awardees being recognized each year, some having rendered up to 40 years of service with the company.
Filinvest also sees to it that its selling units enjoy the fruits of their efforts. For these front liners who competently represent the company to its clients, the company takes pride in being one of the few real estate firms with a transparent and efficient commission release system.
To make sure that commission payments are updated, all commissions are computed daily and released on their due dates. Sellers can also get information via a computer terminal that serves as a Commission Kiosk.
Filinvest also makes the sellers’ experience more rewarding with intensive training and development programs, along with attractive incentives and recognition programs for top performers. Because of these, sellers also find themselves in a position to realize their own dreams.
Seller Maricel Guisihan is living proof that a sales career with Filinvest paves the way to a successful life. Leaving her job as a hotel singer, she joined Filinvest in 2007 and started out selling the company’s Pioneer Pointe condo units. She explains that she found it very easy to sell Filinvest projects because of the company’s good reputation and the full support that the sales team receives from management.
Maricel was a consistent top seller from 2007 to 2009 and has received awards for her excellent performance. Since then, she has also been able to fulfill some of her own dreams. She relates with pride, "After living with my in-laws for many years, my husband and I were able to buy our own condo unit at One Oasis in Ortigas, as well as cars and a more secure life for our growing toddler. I am thankful for the blessings and opportunities that came from Filinvest."
It is not all business for Filinvest, which is inspired to share its success by giving back to the community where it belongs. Heeding the call of social responsibility, the entire organization poured its efforts into outreach programs where it can make a difference.
In March 2009, Filinvest raised P5 million in the Filinvest Fun Run for the educational needs of the scholars of the ERDA Foundation. When typhoon Ondoy devastated Metro Manila, the Filinvest Group joined hands to undertake clean-up operations and distribute relief goods to typhoon victims in various communities in Metro Manila. A total of P20 million was released for relief packs and clothing material that benefited more than 10,000 families.
For details on Filinvest properties, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight, 13 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Filinvest realizes that the success it is enjoying today is largely credited to its dream-builders --- the employees and sales associates who tirelessly carry out the company’s day-to-day operations to ensure the company’s continued growth. For this reason, aside from fulfilling the dreams of its clients, Filinvest takes care of its own – providing support and nurturing dreams across the organization and extending to the community as well. Believing in the principle that happy employees make productive employees, Filinvest strives to cultivate a positive and supportive environment at all levels of the organization. Beyond the requisite financial remuneration, the company looks after the welfare and well-being of its 700-strong employee roster based in its head office and satellite offices.
Employee morale gets a boost with sportsfests, teambuilding activities and values enhancement programs. As one family that looks after its members, the company is quick to assist its employees who are victims of calamities and even signed an agreement to set up an exclusive blood bank at the Philippine National Red Cross.
It comes as no surprise that employees have responded with loyalty, with a sizeable number of service awardees being recognized each year, some having rendered up to 40 years of service with the company.
Filinvest also sees to it that its selling units enjoy the fruits of their efforts. For these front liners who competently represent the company to its clients, the company takes pride in being one of the few real estate firms with a transparent and efficient commission release system.
To make sure that commission payments are updated, all commissions are computed daily and released on their due dates. Sellers can also get information via a computer terminal that serves as a Commission Kiosk.
Filinvest also makes the sellers’ experience more rewarding with intensive training and development programs, along with attractive incentives and recognition programs for top performers. Because of these, sellers also find themselves in a position to realize their own dreams.
Seller Maricel Guisihan is living proof that a sales career with Filinvest paves the way to a successful life. Leaving her job as a hotel singer, she joined Filinvest in 2007 and started out selling the company’s Pioneer Pointe condo units. She explains that she found it very easy to sell Filinvest projects because of the company’s good reputation and the full support that the sales team receives from management.
Maricel was a consistent top seller from 2007 to 2009 and has received awards for her excellent performance. Since then, she has also been able to fulfill some of her own dreams. She relates with pride, "After living with my in-laws for many years, my husband and I were able to buy our own condo unit at One Oasis in Ortigas, as well as cars and a more secure life for our growing toddler. I am thankful for the blessings and opportunities that came from Filinvest."
It is not all business for Filinvest, which is inspired to share its success by giving back to the community where it belongs. Heeding the call of social responsibility, the entire organization poured its efforts into outreach programs where it can make a difference.
In March 2009, Filinvest raised P5 million in the Filinvest Fun Run for the educational needs of the scholars of the ERDA Foundation. When typhoon Ondoy devastated Metro Manila, the Filinvest Group joined hands to undertake clean-up operations and distribute relief goods to typhoon victims in various communities in Metro Manila. A total of P20 million was released for relief packs and clothing material that benefited more than 10,000 families.
For details on Filinvest properties, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight, 13 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Friday, October 1, 2010
Filinvest: Builder of Dreams Takes on a Nurturing Role
Over the past four decades, Filinvest has established its presence in the property development industry, creating a vast and diverse portfolio of projects all over the Philippines. Guided by the vision of building the Filipino dream, it has developed over 2,000 hectares of land to fulfill the dreams of over 100,000 Filipino families.
The company realizes that the success it is enjoying today is largely credited to its dream-builders – the employees and sales associates who tirelessly carry out the company’s day-to-day operations to ensure continued growth.
For this reason, aside from fulfilling the dreams of its clients, Filinvest takes care of its own – providing support and nurturing dreams across the organization and extending to the community as well.
Fostering employee satisfaction Believing in the principle that happy employees make productive employees, Filinvest strives to cultivate a positive and supportive environment at all levels of the organization.
Beyond the requisite financial remuneration, the company looks after the welfare and well-being of its 700-strong employee roster based in its head office and satellite offices.
Employee morale gets a boost with sportsfests, teambuilding activities and values enhancement programs. As one family that looks after its members, the company is quick to assist its employees who are victims of calamities and even signed an agreement to set up an exclusive blood bank at the Philippine National Red Cross.
Giving back to the community
It is not all business for the group, which is inspired to share its success by giving back to the community where it belongs.
In March 2009, Filinvest raised P5 million in the Filinvest Fun Run for the educational needs of the scholars of the ERDA Foundation. When typhoon Ondoy devastated Manila, the Filinvest Group joined hands to undertake clean-up operations and distribute relief goods to typhoon victims in various communities. A total of P20 million was released for relief packs and clothing material that benefited 10,000 families.
Filinvest will always take its dream building to heart by nurturing its employees, business partners, clients, and the community where it belongs.
Its corporate slogan “We build the Filipino dream,” embodies its collective vision – a commitment to which the company has remained true for four decades past, and for generations to come
For details on Filinvest properties, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 29 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
The company realizes that the success it is enjoying today is largely credited to its dream-builders – the employees and sales associates who tirelessly carry out the company’s day-to-day operations to ensure continued growth.
For this reason, aside from fulfilling the dreams of its clients, Filinvest takes care of its own – providing support and nurturing dreams across the organization and extending to the community as well.
Fostering employee satisfaction Believing in the principle that happy employees make productive employees, Filinvest strives to cultivate a positive and supportive environment at all levels of the organization.
Beyond the requisite financial remuneration, the company looks after the welfare and well-being of its 700-strong employee roster based in its head office and satellite offices.
Employee morale gets a boost with sportsfests, teambuilding activities and values enhancement programs. As one family that looks after its members, the company is quick to assist its employees who are victims of calamities and even signed an agreement to set up an exclusive blood bank at the Philippine National Red Cross.
Giving back to the community
It is not all business for the group, which is inspired to share its success by giving back to the community where it belongs.
In March 2009, Filinvest raised P5 million in the Filinvest Fun Run for the educational needs of the scholars of the ERDA Foundation. When typhoon Ondoy devastated Manila, the Filinvest Group joined hands to undertake clean-up operations and distribute relief goods to typhoon victims in various communities. A total of P20 million was released for relief packs and clothing material that benefited 10,000 families.
Filinvest will always take its dream building to heart by nurturing its employees, business partners, clients, and the community where it belongs.
Its corporate slogan “We build the Filipino dream,” embodies its collective vision – a commitment to which the company has remained true for four decades past, and for generations to come
For details on Filinvest properties, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 29 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Monday, September 27, 2010
FILINVEST: Building every Filipino’s dream house
Today’s homebuyers are very discerning that they look for a house that provides not only a roof above their heads, but also quality assurance that it is worthy of their investment.
With this market preference in mind, Filinvest Land Inc. (FLI) recently unveiled its newest batch of residential projects: Citta di Mare, Tower 2 of The Linear, Sorrento Oasis, Maui Oasis and Capri Oasis.
“These projects are part of Filinvest’s plans to launch 14 new projects and 18 additional phases in 2010 with an estimated sales value of P9.1 billion across all market segments, 42 percent more than last year,” FLI president and chief executive Joseph Yap said during the projects’ media launch held recently in Taguig City. “All of which bear the same seal of quality that Filinvest has been known for the past 45 years.”
Starting as a modest company that first broke ground in a middle-income residential subdivision in Cebu in 1965, Filinvest is currently one of the leading full-range property developers in the country, with consolidated assets of P163.5 billion and stockholders’ equity of P63.3 billion. To date, it has developed more than 2,000 hectares of land for over 100,000 families, including the five newly launched shelter projects worth P13 billion.
Delighted by the company’s latest housing endeavors, Yap also expressed satisfaction by the firm’s recent achievement—the Gold Trusted Brand award from Reader’s Digest Asia under the property development category. “This is proof that we certainly are on the right track in building quality homes and providing lifestyles all over the Philippines,” he said.
The recognition is the result of the Trusted Brands Survey conducted by Synovate for Reader’s Digest Asia in eight Asian markets. Since its launch in 1999, this award has been conducted annually to reflect how different brands appeal to Asian consumers based on six qualitative criteria: trustworthiness and credibility, quality, value, understanding of consumer needs, innovation, and social responsibility.
“Being honored as one of the country’s most trusted brands highlights all the hard work and dedication that we at Filinvest have put into our mission in the last 45 years,” Yap noted. “Looking forward, Filinvest will make every effort in living up to this recognition in the years to come. This will be our inspiration as we continue to provide competitive and innovative projects that reaffirm our commitment to building every Filipino’s dream of owning his own home.”
Citta di Mare
BOUNDED by Mactan’s coast and Cebu’s mountainous areas, Citta di Mare—a soon-to-rise seaside development at the heart of South Road Properties (SRP) in the Queen City of the South—boasts of a “coastal living” concept that lets future residents enjoy the idyllic yet modern kind of a seaside lifestyle.
“It’s an Italian representation for ‘city by the sea,’” explained Tristan Las Maria, FLI first vice president for Visayas and Mindanao. “Literally, it’s a city because it’s a big development project at 50.6 hectares. By the sea, you [future residents] are beside the waters. It has around 1.3-kilometer area sea frontage that makes it the [most] prime area in that 300-hectare SRP recreation project.”
Citta di Mare features a 40-hectare residential town comprised of four Asian and European seaside communities. In each of the communities lie the Amalfi Oasis, a cluster of midrise condominiums set against landscaped greens, offering one-, two- and three-bedroom units, with an array of resort-inspired amenities, including clubhouse, gazebos, cascading pools, basketball court and play areas, Zen and floral gardens.
Anchoring the residential enclaves is The Piazza, the commercial hub teeming with church, school, retail shops, restaurants and bars. Entertainment and leisure come alive at Il Corso, a 10.6-hectare waterfront development, featuring a terraced beach, boardwalk, exhibit tent, amphitheater, marina, restaurants and retail shops, to name a few.
What makes Citta di Mare unique and sustainable is its relaxing pedestrian-friendly ambiance courtesy of wide landscaped walkways, bike lanes and car-free zones. With Filinvest’s initiative to “develop only 35 percent of the area and dedicate 65 percent to open spaces, parks and playgrounds,” Citta di Mare, according to Las Maria, is indeed a “pedestrian paradise.”
The Linear
A HIGHLY functional living space that has all the elements of a dynamic lifestyle is what The Linear is all about. A master-planned residential and commercial development sitting at the sprawling area of 7,413 square meters is bounded by Mayapis, Malugay and Yakal streets in Makati, making it accessible from neighboring financial districts in the metropolis.
Rising with two towers—each 24 stories high—The Linear features state-of-the-art building design and a full complement of indoor and outdoor lifestyle facilities perfect for young professionals and starting families. These include commercial area on the ground floor, hotel-like lobby, high-speed elevators, telephone and cable provisions, intercon provision per unit, mail room, Wi-Fi facilities, 24-hour security, fire detection and alarm systems, standby generators, CCTV system, water reservoirs, multipurpose covered court with indoor jogging trail, 25-meter lap pool with wading pool and kiddie pool, fitness center, study hall, jogging and walking trail, kid’s playground, party and game rooms.
What sets such a residential-cum-commercial project apart from the rest is its well-designed eco-friendly amenities that include themed parks, picnic area and a perfume garden around the complex. Also, it boasts of utilizing an eco-roof technology.
“This [eco-roof technology] helps create a better, earth-friendly home for you and your family as it lessens UV [ultraviolet] rays and temperature impact, cuts energy consumption, suppresses noise, and absorbs carbon dioxide and produces oxygen, among others,” said Julian Concepcion, FLI vice president and project group head.
Perfectly complementing its strategic location and wide range of amenities, The Linear’s novel design creates functional living spaces at competitive price, from P1.93 million to P5.88 million. Each of the studio (22 sq m), one-bedroom (28 sq m) and two-bedroom (49 sq m) units is built without beams and columns to give homeowners maximized use of every square inch. What’s more, full-length picture windows are put in place to allow natural lighting and maximum ventilation per unit.
“For the Linear in Makati, we offer affordable financing schemes. For example, we are only offering 20-percent down payment for a period of 36 months at zero interest. So that will result to as low as P10,200 per month on the down-payment period. And when you pay your amortization already after the 20-percent down payment, it will only be about P18,600 under bank financing, assuming it’s a 15-year term at 12-percent interest,” Concepcion stressed.
Oasis communities
MOTIVATED by the success of its Oasis-themed mid-rise condo communities in key cities across the country, Filinvest has made its signature experience even more available, with the development of three latest projects, namely, Sorrento Oasis in Ortigas, Maui Oasis in Santa Mesa and Capri Oasis in Pasig.
Reflecting the Italian town of Sorrento’s refreshing atmosphere of breathtaking sunsets and rejuvenating fragrance of its orange-and-lemon groves, Sorrento Oasis features verdant foliage and citrus gardens. Adding to the company’s collection of Oasis communities, this 6.3-hectare development located on C. Raymundo Avenue in Ortigas, Pasig, is divided into two phases—the first of which is comprised of nine midrise condominiums offering studio and two-bedroom units.
“Sorrento Oasis is planned as a car-free development, thus making it so earth-friendly. It’s also very affordable, with a price range from P1.26 million to P3.15 million per unit. For instance, the equity or down payment for our 22-square-meter studio unit is P10,000 only. And when you amortized it, it will be about P16,000 monthly,” said Concepcion.
Inspired by a tropical enclave in Hawaii, Maui Oasis, on the other hand, treats its residents to a lush tropical vacation all-year-round. In spite of its very busy surroundings on Anonas Street, Santa Mesa, Manila, this property never fails to create a community that can assure homeowners privacy within the clustered buildings. Up for grabs are the 22-square-meter studio units suited for the student market, as well as the one-bedroom (30- to 34-square-meter) and two-bedroom (30- to 42-square-meter) units perfect for small, up-and-coming families—all within the price range of P1.2 million to P3.4 million.
“Maui Oasis is what we call a ‘hybrid development.’ We’ve designed the property to have a mix of three five-story condominiums, and two 10-story condominiums that would allow us to provide a bigger amenity area for our homeowners,” noted Tet Abad-Santos, FLI first vice president/cluster head. “We’re also building a tunnel right there that would give the property direct access to the main road. And again, this will make it easier for buyers and the guests to and from the property.”
Capri Oasis, meanwhile, carves out a dynamic lifestyle for the modern city dwellers. Deriving its name from the famed Italian resort-town of Capri, it is a picturesque community with a sedate charm of its own—thanks largely to its Mediterranean vegetation, deep turquoise coastlines and sun-drenched landscapes.
Located on Sixto Antonio Avenue, barangay Maybunga in Pasig City, Capri Oasis is a 1.9-hectare property that houses 600 units at its six condominiums. The studio (22.06 sq m) and one-bedroom (30 to 38 sq m) units are well suited for single, young professionals, while the two- (40 to 50 sq m) and three-bedroom (63 to 64 sq m) units are perfect for small families. Cost-wise, the units are priced between P1.2 million and P4.4 million.
“At Capri, we’d like to recreate in a property the easy living, laid-back lifestyle. Here, we’re going to have six buildings, with five residential buildings at one side of the property, and across the street is a building that is designed to be either a small office or a home office,” said Abad-Santos. “We have also designed it in such a way that 30 percent to 40 percent of the total land area is built on and the rest are open areas.”
The Sorrento, Maui and Capri are unified by qualities that are unique to Filinvest’s Oasis-themed communities. Each of these developments feature stylish architecture and world-class building amenities and facilities. Furthermore, these midrise condo communities are built with a well-guarded and gated entrance to ensure the residents’ safety and security.
For details on Filinvest properties, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Buiness Mirror, 05 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
With this market preference in mind, Filinvest Land Inc. (FLI) recently unveiled its newest batch of residential projects: Citta di Mare, Tower 2 of The Linear, Sorrento Oasis, Maui Oasis and Capri Oasis.
“These projects are part of Filinvest’s plans to launch 14 new projects and 18 additional phases in 2010 with an estimated sales value of P9.1 billion across all market segments, 42 percent more than last year,” FLI president and chief executive Joseph Yap said during the projects’ media launch held recently in Taguig City. “All of which bear the same seal of quality that Filinvest has been known for the past 45 years.”
Starting as a modest company that first broke ground in a middle-income residential subdivision in Cebu in 1965, Filinvest is currently one of the leading full-range property developers in the country, with consolidated assets of P163.5 billion and stockholders’ equity of P63.3 billion. To date, it has developed more than 2,000 hectares of land for over 100,000 families, including the five newly launched shelter projects worth P13 billion.
Delighted by the company’s latest housing endeavors, Yap also expressed satisfaction by the firm’s recent achievement—the Gold Trusted Brand award from Reader’s Digest Asia under the property development category. “This is proof that we certainly are on the right track in building quality homes and providing lifestyles all over the Philippines,” he said.
The recognition is the result of the Trusted Brands Survey conducted by Synovate for Reader’s Digest Asia in eight Asian markets. Since its launch in 1999, this award has been conducted annually to reflect how different brands appeal to Asian consumers based on six qualitative criteria: trustworthiness and credibility, quality, value, understanding of consumer needs, innovation, and social responsibility.
“Being honored as one of the country’s most trusted brands highlights all the hard work and dedication that we at Filinvest have put into our mission in the last 45 years,” Yap noted. “Looking forward, Filinvest will make every effort in living up to this recognition in the years to come. This will be our inspiration as we continue to provide competitive and innovative projects that reaffirm our commitment to building every Filipino’s dream of owning his own home.”
Citta di Mare
BOUNDED by Mactan’s coast and Cebu’s mountainous areas, Citta di Mare—a soon-to-rise seaside development at the heart of South Road Properties (SRP) in the Queen City of the South—boasts of a “coastal living” concept that lets future residents enjoy the idyllic yet modern kind of a seaside lifestyle.
“It’s an Italian representation for ‘city by the sea,’” explained Tristan Las Maria, FLI first vice president for Visayas and Mindanao. “Literally, it’s a city because it’s a big development project at 50.6 hectares. By the sea, you [future residents] are beside the waters. It has around 1.3-kilometer area sea frontage that makes it the [most] prime area in that 300-hectare SRP recreation project.”
Citta di Mare features a 40-hectare residential town comprised of four Asian and European seaside communities. In each of the communities lie the Amalfi Oasis, a cluster of midrise condominiums set against landscaped greens, offering one-, two- and three-bedroom units, with an array of resort-inspired amenities, including clubhouse, gazebos, cascading pools, basketball court and play areas, Zen and floral gardens.
Anchoring the residential enclaves is The Piazza, the commercial hub teeming with church, school, retail shops, restaurants and bars. Entertainment and leisure come alive at Il Corso, a 10.6-hectare waterfront development, featuring a terraced beach, boardwalk, exhibit tent, amphitheater, marina, restaurants and retail shops, to name a few.
What makes Citta di Mare unique and sustainable is its relaxing pedestrian-friendly ambiance courtesy of wide landscaped walkways, bike lanes and car-free zones. With Filinvest’s initiative to “develop only 35 percent of the area and dedicate 65 percent to open spaces, parks and playgrounds,” Citta di Mare, according to Las Maria, is indeed a “pedestrian paradise.”
The Linear
A HIGHLY functional living space that has all the elements of a dynamic lifestyle is what The Linear is all about. A master-planned residential and commercial development sitting at the sprawling area of 7,413 square meters is bounded by Mayapis, Malugay and Yakal streets in Makati, making it accessible from neighboring financial districts in the metropolis.
Rising with two towers—each 24 stories high—The Linear features state-of-the-art building design and a full complement of indoor and outdoor lifestyle facilities perfect for young professionals and starting families. These include commercial area on the ground floor, hotel-like lobby, high-speed elevators, telephone and cable provisions, intercon provision per unit, mail room, Wi-Fi facilities, 24-hour security, fire detection and alarm systems, standby generators, CCTV system, water reservoirs, multipurpose covered court with indoor jogging trail, 25-meter lap pool with wading pool and kiddie pool, fitness center, study hall, jogging and walking trail, kid’s playground, party and game rooms.
What sets such a residential-cum-commercial project apart from the rest is its well-designed eco-friendly amenities that include themed parks, picnic area and a perfume garden around the complex. Also, it boasts of utilizing an eco-roof technology.
“This [eco-roof technology] helps create a better, earth-friendly home for you and your family as it lessens UV [ultraviolet] rays and temperature impact, cuts energy consumption, suppresses noise, and absorbs carbon dioxide and produces oxygen, among others,” said Julian Concepcion, FLI vice president and project group head.
Perfectly complementing its strategic location and wide range of amenities, The Linear’s novel design creates functional living spaces at competitive price, from P1.93 million to P5.88 million. Each of the studio (22 sq m), one-bedroom (28 sq m) and two-bedroom (49 sq m) units is built without beams and columns to give homeowners maximized use of every square inch. What’s more, full-length picture windows are put in place to allow natural lighting and maximum ventilation per unit.
“For the Linear in Makati, we offer affordable financing schemes. For example, we are only offering 20-percent down payment for a period of 36 months at zero interest. So that will result to as low as P10,200 per month on the down-payment period. And when you pay your amortization already after the 20-percent down payment, it will only be about P18,600 under bank financing, assuming it’s a 15-year term at 12-percent interest,” Concepcion stressed.
Oasis communities
MOTIVATED by the success of its Oasis-themed mid-rise condo communities in key cities across the country, Filinvest has made its signature experience even more available, with the development of three latest projects, namely, Sorrento Oasis in Ortigas, Maui Oasis in Santa Mesa and Capri Oasis in Pasig.
Reflecting the Italian town of Sorrento’s refreshing atmosphere of breathtaking sunsets and rejuvenating fragrance of its orange-and-lemon groves, Sorrento Oasis features verdant foliage and citrus gardens. Adding to the company’s collection of Oasis communities, this 6.3-hectare development located on C. Raymundo Avenue in Ortigas, Pasig, is divided into two phases—the first of which is comprised of nine midrise condominiums offering studio and two-bedroom units.
“Sorrento Oasis is planned as a car-free development, thus making it so earth-friendly. It’s also very affordable, with a price range from P1.26 million to P3.15 million per unit. For instance, the equity or down payment for our 22-square-meter studio unit is P10,000 only. And when you amortized it, it will be about P16,000 monthly,” said Concepcion.
Inspired by a tropical enclave in Hawaii, Maui Oasis, on the other hand, treats its residents to a lush tropical vacation all-year-round. In spite of its very busy surroundings on Anonas Street, Santa Mesa, Manila, this property never fails to create a community that can assure homeowners privacy within the clustered buildings. Up for grabs are the 22-square-meter studio units suited for the student market, as well as the one-bedroom (30- to 34-square-meter) and two-bedroom (30- to 42-square-meter) units perfect for small, up-and-coming families—all within the price range of P1.2 million to P3.4 million.
“Maui Oasis is what we call a ‘hybrid development.’ We’ve designed the property to have a mix of three five-story condominiums, and two 10-story condominiums that would allow us to provide a bigger amenity area for our homeowners,” noted Tet Abad-Santos, FLI first vice president/cluster head. “We’re also building a tunnel right there that would give the property direct access to the main road. And again, this will make it easier for buyers and the guests to and from the property.”
Capri Oasis, meanwhile, carves out a dynamic lifestyle for the modern city dwellers. Deriving its name from the famed Italian resort-town of Capri, it is a picturesque community with a sedate charm of its own—thanks largely to its Mediterranean vegetation, deep turquoise coastlines and sun-drenched landscapes.
Located on Sixto Antonio Avenue, barangay Maybunga in Pasig City, Capri Oasis is a 1.9-hectare property that houses 600 units at its six condominiums. The studio (22.06 sq m) and one-bedroom (30 to 38 sq m) units are well suited for single, young professionals, while the two- (40 to 50 sq m) and three-bedroom (63 to 64 sq m) units are perfect for small families. Cost-wise, the units are priced between P1.2 million and P4.4 million.
“At Capri, we’d like to recreate in a property the easy living, laid-back lifestyle. Here, we’re going to have six buildings, with five residential buildings at one side of the property, and across the street is a building that is designed to be either a small office or a home office,” said Abad-Santos. “We have also designed it in such a way that 30 percent to 40 percent of the total land area is built on and the rest are open areas.”
The Sorrento, Maui and Capri are unified by qualities that are unique to Filinvest’s Oasis-themed communities. Each of these developments feature stylish architecture and world-class building amenities and facilities. Furthermore, these midrise condo communities are built with a well-guarded and gated entrance to ensure the residents’ safety and security.
For details on Filinvest properties, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Buiness Mirror, 05 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
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