Filinvest Land Inc. (FLI) disclosed plans to convert its 22-hectare business park venture in Cavite into a housing development after it secured a cancellation of registration from the Board of Investments (BOI) for its Asenso Village project.

Asenso Village is a business park designed for micro, small and medium enterprises (MSME). Weak reception for the project, however, prompted the company to request BOI to void its registration. From the 581 lots that were offered for sale, only 18 buyers showed interest to locate in the business park since it was launched in 2007.

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