GOTIANUN-LED Filinvest Land Inc. (FLI) said it is targeting start-up families for its new project in General Trias, Cavite, which will be built by its affordable housing brand.
Rey Ascaño, FLI senior vice president for the southwest cluster, said the company launched its 23-hectare Savannah Fields, which features large open spaces and landscapes. The development will be under its Futura brand.
“These built-to-last homes are modestly priced between P1 million and P3 million, which can be availed of through in-house and bank-financing schemes that suit your budget,” Ascaño said.
Savannah Fields is located not too far away from Metro Manila. It is accessible through Coastal Road via the Cavite Expressway and through Governor’s Drive via Daang Hari and Carmona exit.
It offers house-and-lot and residential-lot packages with a floor area ranging from 27 square meters to as big as 50 square meters.
Other amenities include a playground, a clubhouse, swimming pools, a basketball court, pocket parks and even an outdoor events lawn for its residents. The subdivision has a 24-hour security.
“Filinvest will be with you every step of the way in achieving your first home and desired lifestyle,” Ascaño said.
The project is a joint venture between FLI and BC Rodriguez and Co. Inc.
FLI earlier said it is allocating P23 billion this year, slightly higher than last year’s P22 billion as the company increases its shopping malls and office-building portfolio.
FLI President Josephine Gotianun-Yap said about P10 billion of the capital expenditure (capex) will be spent for the construction of more office buildings as it continues to ramp up its recurring-income portfolio.
About P8 billion will be spent for the construction of residential towers and P2.5 billion for the development of retail space, as well as P3 billion for land acquisitions.
“Most of the funds will be internally generated. We’d normally look for funds for those investment properties like malls and offices,” she said.
FLI has already raised P6 billion from the issuance of bonds last year with the intent of partially funding this year’s capex.
“Our P6-billion bond float was really for this year so I don’t think we have anything planned out for 2019,” Gotianun-Yap said.