Filinvest opens second phase of economic housing dev’t

FILINVEST Land, Inc. (FLI) entered the second phase of Futura Homes Mactan, its first branded economic housing project in Cebu that will serve as its model for future projects in the rest of the Visayas and Mindanao.

An addition of 105 one-bedroom expandable single-detached housing units priced between P1.7 million and P1.9 million each have been opened for pre-selling at the 4.6-hectare project in Suba-Basbas, Lapu-Lapu City.

This developed after the company sold all 95 homes initially offered under Phase One, attracting Filipino professionals working both overseas and locally, saidArchie M. Igot, FLI project development officer.

It was in early December last year when the company broke ground to start the land development of the project. Only over two months after, the contractor started erecting housing units with a concrete-pouring ceremony late last month.

As pre-selling has started for Phase Two, Igot said land development by ASDEC Builders Corp. at this portion of the project will begin this March.

“We are pleased that we are two months ahead of schedule,” he said, adding, “we should be turning over the finished houses at phase one by September this year, then those at phase two before the year ends.”

Filinvest boasts of Futura Homes Mactan as the only economic housing project in Cebu, whose residents will enjoy the amenities almost akin to a mid-to-high-end subdivision, a trademark noted in most of the company’s developments.

“Others could only build a basketball court, but Futura Homes Mactan will have a functional clubhouse with swimming pool and open spaces,” said Igot.

He also pointed out that since each housing unit stands on an 88-square-meter lot at the least, homeowners have the option to expand higher and sideways, “subject to some restrictions and uniformity.”

“Our house model named Beatrice, which means bringer of joy and blessing, is uniquely designed in a way that it gives homeowners the liberty to have a bigger home accessed through a 10-meter wide arterial road,” he added.

Filinvest allotted P60 million for the horizontal development of Futura Homes, which is located near the Mactan circumferential road and is a short distance away from the Cordova approach of the planned third Cebu-Mactan bridge.

The subdivision’s main arterial road has a width of 10 meters, wider compared to most subdivision developments in Mactan that are mostly only six meters wide.

Meanwhile, Futura Homes Mactan will serve as a model and showcase for future economic to mid-range housing with Filinvest already living up another Futura Homes in Cebu and some four others elsewhere in the Visayas.

The company took the cue from the Housing and Land Use Regulatory Board (HLURB) that reported a 1.9 million backlog in housing units throughout the Visayas area. (PR)
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