Filinvest opens new condo project in QC

PROPERTY firm Filinvest Land Inc. ( FLI) has opened its 34- storey condo development along Xavierville Avenue in Quezon City, targeted at residents with an active lifestyle.

In a statement on Thursday, FLI said the project, called Studio A, offers 579 residential units and eight commercial units.

Of the residential units, 278 are studio type, 273 are one- bedroom, and 28 are two- bedroom units. Prices range from P3.2 million to P6.8 million each.

Studio A has 21 units per story. Mai Yang, Filinvest vice president for High Rise Projects, said amenities include a social hub, fitness center, and outdoor and indoor study lounge, among others.

Filinvest posted P1.5 billion net income in the first quarter of this year, up 7 percent from a year ago. It has set a capital spending of P23.5 billion this year to finance office, residential and retail development projects as well as land acquisition.

Josephine GotianunYap, FLI president and chief executive officer, earlier said around 15 residential projects are to be constructed this year. For office and retail, the company is set to launch two buildings in Alabang, one in Cebu and one in Clark.

Gotianun-Yap added they have around five buildings currently under construction.

Shares of Filinvest Land ended flat at P1.59 each on Thursday.