MANILA, Philippines - Medium-cost condominium development PHINMA Property Holdings Corp. (PHINMA Properties) listed new projects for its expansion program next year.
The company will soon launch Asya Enclaves Alabang and has already acquired two more properties that will be launched by first quarter of 2011. Plans are underway to bring the project line up to six simultaneous developments in2011. It is also eyeing its first condominium development outside Metro Manila in other urban centers like Cebu and Davao.
PHINMA Properties President Willie J. Uy said, "The market in urban areas outside Metro Manila is right for us to come in. The price range of condominiums in Cebu and Davao are similar to that of Metro Manila's so if we introduce our projects there, it will be advantageous to buyers since we offer the best value for money condominiums."
The company continues to acquire more suitable properties in prime locations in and outside the Metro to entice its target market to invest in quality yet affordable homes. With its slogan, "City Living Made Easy," PHINMA Properties ensures that everything is within a resident's reach.
The company's projects are all strategically located near major thoroughfares and transportation hubs as well as commercial establishments, hospitals, schools, and banks, thus minimizing travel time and expense of residents. With recreation and leisure activities available for residents, such as landscaped gardens, pools, fitness hubs, and jogging paths, to name a few, residents and their families may enjoy quality time together within the vicinity of their home.
With a successful track record in joint ventures, PHINMA Properties continues to set clear goals and maximizes the potential of the site with the right planning and management of the project. A successful project is certainly an effective way to build long, lasting relationships with business partners. The company's joint ventures are structured in a way that the lot owner gets their share of income from each unit sold with participation on additional upside income for price increases. This formula gives both lot owner and developer an advantageous partnership. Lot owners will be able to maximize the value of their property as PHINMA Properties is the only developer that promises the best value for money, a good location, and a fast turn-over with a project's target completion within 1 to 2 years. A fast turn-over gives a resident a shorter period of time to move in to his new unit or an investor being able to receive his return of investment sooner. With a unique building system which PHINMA Properties has invested on, owners may expect their units to be delivered in a much shorter time with higher cost efficiencies and with uniform quality.
PHINMA Properties began operations in 1987 and started with horizontal housing projects in locations like Cavite, Laguna, and Quezon City. It was in 1996 that the company opened its doors to building mid-rise, low-density condominiums and has already completed several condominium projects since then.