Filinvest Land records 15% income growth in 1H2023

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Filinvest Land records 15% income growth in 1H2023
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Residential and rental segments drive year-on-year uptick Fora Dagupan, a 6.3-hectare mixed-use Filinvest Land townscape, is home to Futura One,

Fora Dagupan, a 6.3-hectare mixed-use Filinvest Land townscape, is home to Futura One, Filinvest Land’s first North Luzon residential project and a key contributor to Filinvest Land’s robust residential sales in the first half of 2023.

“Filinvest Land continued to achieve growth in its residential and rental business segments during the first six months of the year. We are pleased that our efforts led to satisfactory results as we continued to sustain our sales and marketing activities. We remain focused on meeting our customers’ needs as we target to further grow our business this year, with further residential launches planned in the second half,” said Tristan Las Marias, FLI President and Chief Executive Officer.

The mall business grew 64% to Php1.15 billion due to the increase in mall occupancy and rise in shopper traffic brought about by improving consumer activity as well as normalized rental rates. Filinvest Lifemalls, which include Festival Mall in Alabang, Main Square in Bacoor City, Fora in Tagaytay City, and IL Corso in City di Mare , together redefined a lifestyle of safety, comfort, and ease to the communities where they are located.

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