Filinvest Land Inc., one of the country’s largest real estate companies, expanded its footprint in Pampanga with the groundbreaking of its latest residential project, Hampton Orchards Phase 2.
The 18-hectare development located between the cities of Angeles and San Fernando in Pampanga is a joint-venture with movie producer and director Ben M7 Yalung,.
FLI plans to offer lot cuts ranging from 156 square meters to 469 sq .m., which is ideal for families, overseas Filipino workers and individuals looking for a sound investment.
Hampton Orchards Phase 2 is part of FLI’s plan to launch P30 billion worth of residential developments this year.
“The company believes that its performance in the residential sector has shown its ability to address the needs of its core market—the affordable and middle-income home buyers,” FLI said.
Hampton Orchards Phase 2 offers family-oriented amenities, such as amphitheater, sundial, pocket parks, outdoor gym and central orchard, which will attract buyers to own a home or invest in the well-planned community.
The amenities in Hampton Orchards Phase 2 is in addition to the adult and kiddie pool, clubhouse, children’s playground, pool deck, multi-purpose court, gazebo, picnic huts, trellis, and mango orchard found in the first phase of the project.
“Hampton Orchards Phase 2 is currently in the pre-selling stage where buyers can still enjoy investment growth until the project nears its completion, said Tristan Las Marias, FLI senior vice president and North Luzon Cluster head.
“Furthermore, we foresee an upsurge in the project’s investment value as this project is ideally situated to take advantage of the opportunities abounding in the two highly-urbanized centers of Angeles and San Fernando, especially that progress for the province of Pampanga, and region 3 as whole, are fast gaining momentum and its economy is set to take flight,” Las Marias added.
FLI reported a 16-percent increase in net income in the first half of 2019 to P3.21 billion from P2.78 billion year-on-year.
First-half gross revenues increased 19 percent to P12.62 billion, driven by a 30-percent rise in rental revenue to P3.38 billion, and a 25-percent improvement in real estate sales revenue to P8.43 billion.