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MANILA, Philippines – Filinvest Land Inc. (FLI) had cut its unsold residential inventory by P4.1 billion in the first quarter as the company ramped up sales of ready-for-occupancy (RFO) projects to strengthen its balance sheet amid a selective property market.
The Gotianun-led property developer said on Monday that the inventory optimization drive was fueled by a record RFO sales worth P1.7 billion during the period. This allowed the company to improve cash flow while reducing the carrying costs associated with stagnant inventory.
FLI said the strategy reflected its focus on “asset velocity” and “capital efficiency” as developers navigate softer demand conditions and elevated financing costs.
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