The Phinma Property Holdings Corp., one of the leading developers in medium-cost condominiums is considering Davao City as their next area of investment outside Metro Manila. The company is set to break ground a new residential project in Davao City by early 2012.
It aims to replicate its success in other major cities in the Philippines as it enjoyed double profits compared with the previous year. It is also confident that the company will perform well this year. The property firm currently has 9,000 condominium units in Metro Manila and will be launching more projects this 2011.
Phinma Properties began operations in 1987 and started to build mid-rise, low-density condominium buildings in 1996. Since then, it has completed several residential projects and received an ISO Certification for Quality, Environmental, Occupational Safety and Health Management standards.