Filinvest to launch P11-billion mid-rise projects this year-A A +A
Friday, March 8, 2013
FILINVEST Land Inc. (FLI) is bent to retain its dominant position as the leader in mid-rise building (MRB) projects by launching six new development projects nationwide, with an estimated sales value of P11 billion, in 2013. This will bring the company's total Oasis projects to 18.
These new MRB projects are part of the total P20 billion of new projects slated for launch by FLI this year.
For 2013, FLI plans to launch mid-rise buildings carrying the "Oasis" brand in Tagaytay, Iloilo and Cagayan de Oro. These projects follow the success of One Oasis Ortigas, Bali Oasis, Bali Oasis 2, Sorrento Oasis and Capri Oasis in Pasig City, Maui Oasis in Manila, Asiana Oasis in Paranaque City, One Oasis Cebu, Amalfi Oasis and Sanremo Oasis in Cebu, and One Oasis Davao.
Oasis projects are designed to provide its residents with their "patch of green in the city." They are meant as stylish and modern havens within the urban jungle. Only a third of the land area in the Oasis developments is used for the buildings, leaving plenty of room for open space, greenery and trees. The resort-inspired amenities of the Oasis projects provide the urban family a year-round vacation feel in a secure and peaceful enclave that is very accessible to schools, malls, hospitals and other prime destinations. Oasis projects are located within a short commuting distance to the Central Business Districts.
To bring the Oasis lifestyle to more people, FLI launched the first of its "Spatial" mid-rise projects, One Spatial Pasig, in late 2012. Located along A. Rodriguez Avenue, the project offers its customers the "Oasis" lifestyle at more affordable "Spatial" prices.
FLI plans to launch several additional projects in the future, with the second Spatial project slated for Davao City in 2013.
FLI also plans to launch The Signature, its first MRB project in Quezon City. Located along A. Bonifacio Avenue, the one-hectare property is close to the commercial districts of Banawe in Quezon City and Grace Park in Caloocan City and is targeted at start-up and growing families.
The project will have three buildings with a total of 348 units. The 2 to 3 bedroom units will range in size from 75 to 105 square meters. Ample parking is available in the three-level podium parking. The project will also have an 800 square meter gross leasable area (GLA) commercial center to cater to the day to day needs of its residents.
Another MRB project in the pipeline is Fortune Hill. Located on the site of the former head office of Filinvest along P. Gomez Street in San Juan, the project will have two buildings and will offer a total of 92 units, with sizes ranging from 94 to 150 square meters. Each unit comes with two parking slots in the three-level basement parking.
The project is targeted at families who wish to live in the highly desirable neighborhood in order to be close to the excellent schools located nearby, such as Xavier School, Immaculate Conception Academy and La Salle Greenhills.
FLI believes that MRBs are another good housing option for the urban Filipino family. MRBs offer good living environments due to its low-density.
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 eleven buildings are currently under construction. (PR)
Published in the Sun.Star Davao newspaper on March 09, 2013.