Filinvest Land confident in expansion despite property glut

Filinvest Land Inc. (FLI) is pushing forward with its expansion plans, undeterred by an oversupply in the real estate market. The property arm of the Gotianun family remains confident in its ability to grow, citing a well-diversified portfolio and strong demand from overseas buyers.

FLI President and CEO Tristan Las Marias emphasized that the company’s projects are strategically located, allowing it to avoid the challenges of oversupply in certain areas. He noted that FLI’s inventory is well-positioned to support its growth, with developments spanning residential, commercial, and mixed-use properties.

Despite reports indicating a rise in Metro Manila’s office vacancy rate, FLI remains optimistic, particularly in the residential sector. The company sees an opportunity in potential interest rate cuts by the Bangko Sentral ng Pilipinas, which could make home loans more affordable and boost real estate demand.

Another key driver for FLI is the strong purchasing power of overseas Filipino workers (OFWs), who account for about 30 percent of its sales. With a favorable peso-dollar exchange rate, more OFWs are investing in properties, particularly in areas they are familiar with.

Currently operating in 50 cities and 24 provinces, FLI continues to expand its reach, reinforcing its commitment to providing quality housing and commercial developments across the country.