Filinvest Land, long a giant in Philippine real estate, remains profitable, as its earnings from January to June this year rose to P998 million. Apparently, home sales are fueling the firm’s latest success. In fact, this part of the company’s business grew by 28 percent—not a poor showing, especially when you consider the rough times in real estate in other countries.
Because of its success so far this year, the company plans to start 11 new projects, bringing its total investment to P9.1 billion, almost 50 percent higher than the value of its 2009 projects. Those who want to buy a house in Philippine real estate can get it from this company, too. Its socialized housing projects are certainly a cheaper option.
Filinvest Land has been around for almost 50 years now. It’s maintained a strong presence in the Philippine real estate market, and its developments include many hectares of land all over the Philippines. Its projects are a mixture of residential and office space.
