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Wednesday, December 15, 2010

Stock News 2010: FLI ramps up Cebu project

Mid-rise office buildings in Asiatown IT Park,...Image via Wikipedia
MANILA, Philippines – Filinvest Land, Inc. (FLI), the property development arm of the Gotianun family, is ramping up its projects in Cebu.

The firm said it recently broke ground on the first of its mid-rise building (MRB) projects within Citta de Mare, in the South Road Properties, Cebu.

Amalfi Oasis is one of the mid-rise building communities FLI is developing within the 50.5-hectare Citta de Mare, under a joint venture with the Cebu City Government.

FLI held ground breaking ceremonies last November 13 for Amalfi Oasis’ first of 10 to 12 buildings. The first tower will have 150 units and should be ready for turnover to buyers by the end of 2011.

By February, 2011, FLI targets to break ground on its second project in Citta de Mare, San Remo Oasis. It will have a total of eight buildings, with the first having 130 units.

http://www.mb.com.ph/node/292896/fli-ramp


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