FILINVEST Land, Inc. (FLI) will be launching the second phase of its master planned residential community in Alabang before the year ends, alongside the ongoing turnover of the first phase of the project.
The Enclave Alabang, a 20-hectare exclusive residential development along Daang Hari Road, will offer around 30 to 40 lots for the second phase of the project. Priced at P60,000 per square meter (sq.m.), each property spanning 350 sq.m. could be sold at P21 million.
The first phase of The Enclave has about 170 lots, 90% of which have been sold. Each property can be sold only as a lot or a house and lot. The company noted that most customers chose to buy lots, with plans for the house construction to be submitted for FLI’s review to ensure they follow the design standards of the brand.
“We already have lot owners who have submitted plans for review. They’re the type who really want to live here… We built model houses to showcase the kind of architecture, theme that we want for the village [as] benchmark,” said Catherine A. Ilagan, Filinvest Alabang, Inc. executive vice-president, told eporters during the launch of the company’s luxury brand in Alabang last week.
“Limited edition designer residences are also made available for clients to choose from — liberal in space with smart floor plans, and distinctive and airy tropical modern architectural designs,” the company said in a statement.
The amenities of the community include a one-hectare central park with a mini man-made lagoon, as well as a tropical clubhouse that spans 1,500 sq.m.
The Enclave is one of four properties under FLI’s Filigree brand, a luxury real-estate brand that pools together top consultants in architecture, interior design, urban planning and landscape architecture for the development of the company’s properties.
“We have an expansive landbank, and we have properties that are in very high-value locations which are fitting for luxury and high-end developments. We’ve been inspired by local trends in luxury developments,” said Josephine Gotianun-Yap, FLI president and chief executive officer, during the brand’s launch in Alabang last week.
Other projects include Bristol at Parkway Place, a 40-storey residential condominium in Alabang that stands along the so-called millionaire’s row. The tower has a total of 345 units, ranging from 53 to 168 sq.m. in size, depending on the number of rooms the unit offers. The project will start turning over the units by the first quarter of 2018, with project completion slated for 2019.
Botanika Nature Residences, which FLI considers as the most premium among Filigree projects, will have its first tower ready for turnover by the fourth quarter of 2017. Located inside Filinvest City in Alabang, Botanika will offer 101 units that start at 122 sqm to as much as 218 sq.m. The entire project is targeted to be completed by December 2020.
Outside Alabang, FLI has developed The Beaufort, which consists of two towers inside Bonifacio Global City in Taguig City. Units in the condominium span from 50-57 sq.m. for one-bedroom units; 70-103 sq.m. for two-bedroom; and 148-155 sq.m. for three-bedroom units. To ensure exclusivity, each floor contains only four units. The Beaufort is currently ready for occupancy.
FLI reported a net income attributable to the parent of P1.21 billion in the April to June period, 8% higher year on year following a surge in rental income amid a decline in real estate sales during the period.
Shares in FLI shed two centavos or 1.06% to close at P1.86 each at the stock exchange last Friday. — Arra B. Francia
