PHINMA Properties, the real estate unit of local group Phinma of the family of bilyonaryo Ramon Del Rosario, is looking at expanding its portfolio with township projects.
In a regulatory filing, Phinma said it was exploring the possibility of expanding into mixed-use developments in emerging regions.
The plan is part of the holding firm’s efforts to return value to shareholders. This includes robust succession planning and talent development initiatives aimed at priming Phinma for further growth.
“The company’s vision is to be the preferred property developer in providing Filipinos the essentials for dignified living, developing communities inspired by the traditional Filipino Bayanihan spirit,” Phinma said.
Meanwhile, PHINMA Properties has lined up new horizontal projects in emerging cities outside central business districts to take advantage of the demand driven by the pandemic.
These projects include Phinma Maayo San Jose in Batanas and Phinma Maayo Tugbok (Davao).
PHINMA Properties is a major player in medium rise buildings for the low-income market within Metro Manila with sold out projects at Arezzo Place, Pasig and Hacienda Balai, Quezon City.
It sold a total of 688 residential units last year despite the challenges posed by the pandemic. During the year, the company saw a rise in sales reservation cancellations due to a moratorium on pandemic assistance loans as well as shift in VAT regulatory guidelines.
In a regulatory filing, Phinma said it was exploring the possibility of expanding into mixed-use developments in emerging regions.
The plan is part of the holding firm’s efforts to return value to shareholders. This includes robust succession planning and talent development initiatives aimed at priming Phinma for further growth.
“The company’s vision is to be the preferred property developer in providing Filipinos the essentials for dignified living, developing communities inspired by the traditional Filipino Bayanihan spirit,” Phinma said.
Meanwhile, PHINMA Properties has lined up new horizontal projects in emerging cities outside central business districts to take advantage of the demand driven by the pandemic.
These projects include Phinma Maayo San Jose in Batanas and Phinma Maayo Tugbok (Davao).
PHINMA Properties is a major player in medium rise buildings for the low-income market within Metro Manila with sold out projects at Arezzo Place, Pasig and Hacienda Balai, Quezon City.
It sold a total of 688 residential units last year despite the challenges posed by the pandemic. During the year, the company saw a rise in sales reservation cancellations due to a moratorium on pandemic assistance loans as well as shift in VAT regulatory guidelines.
