REAL estate giant Filinvest Corporation has posted an increase in its earnings by 10 to 15 percent in 2009 compared with the previous year.
In a press briefing at One Oases, the first condominium project of the real estate giant in Southern Mindanao, Allan Barquilla, Filinvest manager in the region, said they have posted sales amounting to P850 million for 2009.
"It is One Oases which raked in the most number of sales," Barquilla said, adding that the sales of the condominium complex composed 20 percent of the company sales in 2009.
At present, Filinvest has five projects in the region other than One Oasis.
Subdivision developments of Filinvest in the city range from the upscale to the more affordable ones.
Filinvest has the upscale Le Jardin development in Ma-a, which has barely 15 units left despite its hefty price range of P9,000 to P10,000 per square meter.
The Ocean Cove and Villa Merceditas developments in Dumoy, which target the middle and affordable markets respectively, have sales that are starting to peak up.
Fuente de Villa Abrille in Tulip Drive, on the other hand, has already been sold out. The Orange Grove along Diversion Road has the last 20 percent of the property still in the market.
Kembali Coast in Samal Island, the most premier project of Filinvest in the region, has nearly sold out its first phase while the second phase has already been placed in the market.
For 2010, Barquilla said that the targets have been raised by 25 percent for Mindanao, bringing an aggregate target of P2 billion sales this year.
"That will include projects in the cities of Butuan, General Santos, Cagayan de Oro, and Tagum," Barquilla said.