FILINVEST Land Inc. (FLI) expects to generate some P3.1 billion sales from two new residential projects located in the Central Visayas.
The property developer announced the launch of Iloilo Centrale, an 11.4-hectare residential township in the coastal town of Leganes in Iloilo.
“Iloilo Centrale’s town center brings everything closer, providing easy access to everyday essentials,” said Gerard Marcelo, FLI first vice president and head of the residential township business.
FLI expects to raise around P1.8 billion in inventory sales for its residential component, Futura Rise, as part of a broader goal to launch P25 billion worth of projects for the year.
The company also said that it was expanding its development in Marina Town in Dumaguete with the 2.8-hectare Futura Shores, a residential community along the Dumaguete coastline.
The mid-rise residential community is projected to generate sales of P1.3 billion for the first building. The entire development includes six mid-rise buildings that will have roof gardens and balconies.
The company recently unveiled Futura Shores’ seven-story Building A, which features basement parking and a commercial strip on the ground floor, adding that land development is currently in full swing for this project.
FLI shares on Friday rose by one centavo, or 1.25 percent, to P0.81 apiece.
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