The Glens at Park Spring

Filinvest Land’s latest offering: The Glens at Park Spring has now sold more than 85% of its initial inventory since it was launched last January 15, 2007. Why wouldn’t it? Having addressed all the basic necessities, The Glens at Park Spring is the perfect residential development for every Filipino family:

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Forest Farms

The latest development in the East; it is a mountain retreat and nature park set within a residential resort-farm setting thus, making it the best place for families who choose to lead quiet lives and yet are able to invite adventure any time they wish.

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Clubhouse Merry-making at Ciudad de Calamba

Ciudad de Calamba, the 350-hectare township development of Filinvest Land, recently launched the first of their many recreational hubs in the south with the launch of the Vista Hills Clubhouse.

All the guests and homeowners from Vista Hills, Montebello, and Punta Altezza, the three communities found inside Ciudad de Calamba, celebrated the official opening of the first Clubhouse in a day full of entertaining activities. [ more ]

Leading real estate developer Filinvest Land Inc. (FLI) reported that it earned P508 million in net income for the year 2003, compared to P504 million in 2002.

Sales reservations increased by 25% in 2003 to P2.04 billion compared to 2002, driven by higher sales in the middle-income category. However, realized gross profit declined by 10% in 2003 due to the decline in sales booked. The booked sales in 2003 mainly represent sales reservations in 2002. Revenues for the sale of a unit are recognized only upon the full receipt of the down payment, which usually takes from three to twelve months. Ms. Ramos explained, "There is a time lag between the sales reservations and revenue recognition, therefore, the increase in sales reservations in 2003 will be felt in 2004", she said. The decline in realized gross profit was offset by a reduction in expenses and an increase in other income. Thus resulting in a slight increase in net income to P508 million.

FLI's financial health remained robust, with total assets at P24.3 billion and stockholder's equity at P18.2 billion, with a very conservative debt to equity ratio of 0.18:1 as of December 31, 2003.

For the first quarter of 2004, sales reservations vaulted by 88%, fueled by the surge in the socialized and middle-income sectors. Given the encouraging signs of the property sector's recovery, FLI is positive about the industry's growth for 2004. 2003 saw the launch of new projects, such as Aldea del Sol in Cebu and Fuente de Villa Abrille in Davao in the middle-income sector, Alta Vida in the Affordable sector, and Mandala Farm Estate in San Mateo for the residential farm estates. Some of the upcoming projects for 2004 include an affordable project called Blue Palm Estate, a middle income house and lot project called The Manors and a leisure community called Laeuna de Taal.

Laeuna de Taal, located in Talisay, Batangas, is a lakeside resort community that puts a premium in being a nature-oriented, environmentally and culturally sensitive development. About an hour and fifteen minutes from Makati, this 60-hectare development starts from an elevation of 350 meters above sea level and slopes toward the lake frontage of about 110 meters.

Offering breathtaking views of Taal Lake and Taal Volcano, Laeuna de Taal will soon open its phase with generous lot cuts from 300 to 1,000 sq.m. along with a membership share in The Lake Club. The Lake Club shall showcase a boardwalk, spa, conference facilities, a garden for outdoor functions and range of family-friendly amenities.