A sample of a residence offered at Filinvest’s Meridian Place in Gen. Trias, Cavite

Gotianun-led property developer Filinvest Land Inc. has expanded its mass housing business with a new development in General Trias, Cavite that brings to the property market around P1.44 billion worth of low-cost housing inventory.

The new project called Meridian Place, under FLI’s Futura Homes brand, offers 1,310 residential units and lots priced for as low as P900,000 to as high as P1.3 million.

Turnover is ongoing for the first phase of the project while the second phase has recently broken ground and is due for turnover to homebuyers on 2019.

Meridian Place, which targets home-seeking families, also recently launched its amenity area.

“We are humbled that phase 1 is selling faster than we expected. The ground breaking for phase 2 is an affirmation of our clients’ support for this project. We are also proud that we are able to serve the increasing demand for quality homes that are easy on the pocket,” said Rey Ascaño, Filinvest senior vice president for South West North Luzon cluster said in a press statement on Tuesday.

Ascaño noted the timely development of Meridian Place now that a growing number of housing projects were moving further away from Metro Manila to the suburbs such as in Cavite.

“In Meridian Place you can escape the heavily congested city life and enjoy fresh air and clean surroundings in a community like this,” he said.

Meridian Place pitches a “safe neighborhood, gated community, quality residential units, recreational amenities, and facilities to help families live in comfort every day.”

This development offers three model units – namely Bernice, Caroline and Danessa – with floor sizes ranging from 27 to 37 square meters and lot sizes between 60 and 75 square meters.

“It is also important to stress that what sets Filinvest apart from other affordable housing projects is its variety of fine amenities, like what we have here at Meridian Place. Family bonding activities are made easy without having the need to travel far. Families can take a dip at the well-appointed swimming pool or play a game of basketball at the court. Children can enjoy the playground and park lane, while momentous occasions and milestones can be celebrated at outdoor events lawn or the clubhouse. These amenities ensure a complete living experience for our client,” Ascaño said.

Based on industry estimates, the Philippines needs 345,941 new housing units per year from 2012 to 2030.

Ascaño added: “We are optimistic that Phase 2 will continue to cater to more Filipino families looking for a start-up home that will not break the bank. We also hope to cater to OFWs (overseas Filipino workers); they remain as one of the main driving forces of the property industry with more than 60 percent of remittances go to real-estate investments.”

Source: Inquirer.net