Filinvest Land residential business grows 9% in 1Q 2022

FILINVEST Land Inc. (FLI), one of the country's largest real estate developers, reported P4.31 billion in revenues and other income for the first quarter of 2022. It posted P2.69 billion of residential revenues which is a 9 percent growth compared to the same period last year. The growth in residential revenues was due to continued construction progress and high reservation sales. Net income attributable to equity holders of the parent amounted to P678 million.

Reservation sales in the first quarter also reached P4.39 billion, an increase of 28 percent compared to the same period last year. The increase in reservation sales was due to high OFW Sales and strong demand for housing products in the Laguna, Cavite, Rizal, Bulacan and Pampanga market areas.