Filinvest Land to spend P5 billion for Mindanao projects

ABS-CBN News

Posted at Sep 21 2016 07:46 PM

MANILA - Filinvest Land on Wednesday said it will spend P5 billion in the next three years for its housing and condominium projects in Mindanao.

The funds will be used to expand its economic housing developments and affordable condominium portfolio in South Cotabato and Davao City, the company told the stock exchange.

The investment is on top of the P4.7 billion currently being spent for ongoing land development projects, it added.

Filinvest Land shares were up 1.09 percent to P1.86 on Wednesday.