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.

Filinvest embarks on 2nd phase of Bali Oasis

Malaya - Inspired by the resounding success of the first phase of Bali Oasis, Filinvest Land, Inc. (FLI) is set to  unveil Bali Oasis Phase 2.

Located just a few minutes away from the previous site, Bali Oasis Phase 2 replicates the charming and idyllic lifestyle that has captured the fancies of phase one unit owners.

“We were amazed at the impressive opening months of Bali Oasis. It certainly motivated us to offer phase 2 of the development to interested buyers,” said FLI first vice president-cluster head Tet Abad-Santos.

“It seems our main selling point, as testified by our buyers, is the location. Bali Oasis stands on a perfect spot because it is close to important destinations and places of interests,” she added.

Marcos Highway traverses several towns and cities; Bali Oasis is situated near that area where Pasig, Marikina, Cainta and Antipolo parallel and intersect.

Bali Oasis Phase 2 is highly accessible via private vehicles or public utility vehicles such as FX, jeepneys and shuttles. It is right across Santolan station of LRT2.

The development is surrounded by  malls namely SM Marikina, Robinsons Metro East, Sta. Lucia East Mall and SM Masinag.

Prestigious educational institutions like Ateneo De Manila University, Miriam College, University of the Philippines, and St. Bridget’s School are 15 to 30 minutes away.

Apart from its enviable location, Bali Oasis 2 also features resort-style amenities reminiscent of its namesake, Bali, Indonesia.

One of the perks of being a unit owner is having unlimited access to these modern conveniences and recreational facilities.

The lap pool with its sunken pool deck was patterned after Balinese resorts.

Just like its predecessor, the Bali Oasis 2 offers a choice of studio, one-bedroom and two-bedroom units with floor areas ranging from 22 square meters (studio) up to 47 square meters (2-bedroom units) to takers.
They will also have complete access to all amenities including the children’s play park, a state-of-the-art wellness hub, and private music room.

The four 9-storey building will occupy a total land area of 1.7 hectares.

Bali Oasis Phase 2 is part of Filinvest’s growing portfolio of Oasis themed developments across the metropolis.

These include Asiana Oasis in Paranaque, Maui Oasis in Sta. Mesa, the Italian-inspired Capri and Sorrento Oasis in Pasig, and One Oasis in Ortigas, Cebu and Davao.

For more details on Bali Oasis 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.

Kris Aquino finds a new home

 

JOSEPHINE Gotianun-Yap, Kris Aquino, Joseph Yap and Boy Abunda

Inquirer (Mar 2012) - Real estate giant Filinvest, which has been developing properties for almost 50 years, has tapped Kris Aquino as its brand ambassador. The meeting of two big names, both trusted and well-respected by Filipinos, is set to generate excitement in property development in the months to come.
Kris has openly expressed her admiration for the company for its role in helping Filipinos build their dreams. “Through the years, I have witnessed the company grow as they fulfill the dreams of every Filipino to have a home. My parents, my sisters, my brother and I once enjoyed a home where we were all complete, and those were the best moments of my life. Filinvest makes having a home possible, and I share this vision with them,” says Kris.

Since late last year, she has been seriously considering acquiring property from Filinvest. “There are too many beautiful projects to choose from, and both of my kids are helping me decide. Josh wants his room to have a view of trees and hillsides, while Bimby just wants a big playground where he can hang out with his playmates.

“Timberland Heights is one such place. I have seen it myself and discovered that you don’t have to go too far to live amid the beauty of nature,” Kris shares.

Josephine Gotianun-Yap, director and president-CEO of Filinvest Development Corp., believes that Kris represents what the Filinvest brand stands for—a company that has grown vibrantly through the years and has gained the trust of Filipino families.

Innate talent
“We have seen Kris grow before our eyes, and her hard work and innate talent helped endear her to many Filipinos. We believe in Kris and she, too, believes in our commitment to building the Filipino dream,” Yap explains.

CHEF Hans awards Kris Aquino the membership card for the Palms Country Club.

Filinvest has been quite low-key, despite its major developments. They have built the country’s tallest office tower in Makati, as well as the biggest mall in the south, the Festival Mall. They have also developed the 677-hectare Timberland Heights near Quezon City which boasts of mountain living close to the city, and the 244-hectare Filinvest Corporate City, which has now emerged as the shopping, office, hotel, and medical hub of the south.

This year, they have built medium-rise condo communities within Metro Manila, Metro Cebu and Metro Davao. These are resort-living developments that are extremely accessible and found on major roads like Ortigas and Marcos Highway.

“These are wonderful places to raise families. We have lined up several projects in each of the categories we serve. We will announce these projects at the right time.  We are confident that year 2012 will be another banner year for Filinvest, especially now that Kris has joined our family,” Yap shares.

Kris has seen the plans for the campaign, but she cannot reveal it for now. “I have to contain my excitement and keep you in suspense. But all I can say is that it is truly a campaign I can be proud of.”

For more details on Filinvest 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 sees rise in sales this year

MANILA, Philippines—Gotianun-led property developer Filinvest Land Inc. expects sales to rise in 2011 as it plans to accelerate expansion through higher spending compared to that of last year.

The company said the property market was still in the early stages of an upswing and that demand, particularly from the low to mid income sectors, would continue to grow amid the country’s massive housing backlog.

“If you look at the trends, the real estate market started to pick up in 2007, but there was a pause in 2008 and 2009 due to the global recession. So it’s just coming back and we are still just at the start,” Filinvest president Joseph Yap said.

“We do not see prices ballooning the way they did during the Asian Crisis a decade ago,” Yap told reporters after the company’s annual shareholders’ meeting yesterday.

Last year, the company’s revenue from sales reached P10 billion.

“Our target is to surpass that this year,” Yap said. “This year will still be a good year for the property sector.”

As a result, the company’s net earnings in 2010 hit P2.95 billion—up 46 percent year-on-year.

Strong demand for new homes has been partly driven by the availability of cheap loans from banks.

This year, Filinvest has set aside P12 billion for capital expenditures to fund the construction of new projects and the expansion of existing ones. This amount is more than double what the company spent last year.

Yap said the company would launch four low-cost housing projects, six “affordable” projects and two mid-rise residential developments this year, which would translate to P13 billion worth of sales once completed.

Also, Yap said the company would expand its available space for leasing activities by over a third in the next 24 months.

The amount of space the company has available for leasing contributes 31 percent to earnings.

For more details on Filinvest projects, you may contact Reby Ramirez @ +63 919.699.3572 / +63 922.883.9308 / +63 916.4044.555 / +632 404-4534 or e-mail her @ reby_ramirez@yahoo.com.

Lastly, FYI 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 Daily Inquirer, April 15 2011

Filinvest eyes power generation, other projects under PPP

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

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

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