PHINMA Property Holdings Corp. (Phinma Properties) will be launching two new developments in Batangas and Davao this year as the company shifts to “regional growth hubs” for its horizontal projects.

“The fact that more home buyers prefer more space and comfort at home and away from crowded urban areas, benefits our decision to go regional and horizontal,” Phinma Properties President and Chief Executive Officer Raphael B. Felix said in an e-mailed statement on Wednesday.

The Phinma Maayo San Jose project in Batangas will span 9.5 hectares, while Phinma Maayo Tugbok in Davao will be a 9.6-hectare residential development.

The company said Phinma Maayo San Jose is slated to launch by the third or fourth quarter this year. It will feature 545 units, consisting of townhouses and single-attached homes.

Meanwhile, Phinma Maayo Tugbok “combines modern Filipino style with future-proofed home features and fully-integrated amenities.” The project will have 644 units.

“Being in the regions, with land at a fraction of the cost compared to NCR (National Capital Region), the shift to horizontal developments was the sensible direction,” Mr. Felix said.

“The ongoing pandemic and lockdowns have further strengthened our conviction that this is the right way forward,” he added. — Keren Concepcion G. Valmonte