PHINMA Properties Plans 6 Developments in 2011

Medium-cost condominium development PHINMA Property Holdings Corp. listed new projects for its expansion program next year in the Philippines.

The company will soon launch Asya Enclaves Alabang and has already acquired two more properties that will be launched by Q1 of 2011. It Plans to have a project line of up to six developments next year, while also eyeing its first condominium development outside Metro Manila in other urban centers such as 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 properties in prime locations in and outside the Metro to attract its target market to invest in quality yet affordable homes.

The projects are located near major thoroughfares and transportation hubs as well as commercial establishments, hospitals, schools, and banks, thus minimizing travel time and expense of residents. Some of the recreation and leisure activities available for residents include landscaped gardens, pools, fitness hubs, and jogging paths.

PHINMA Properties’ joint ventures structure allows the lot owner to acquire their share of income from each unit sold with participation on additional upside income for price increases, giving both the lot owner and developer an advantageous partnership.