FLI turns over 80 condo units to owners

By Katlene O. Cacho

Monday, November 21, 2011

GOTIANUN-led Filinvest Land, Inc. (FLI) has turned over 80 condominium units, valued at P200 million, of One Oasis Building 1 of to investors, a top company official said.

Tristan Las Marias, FLI first vice president and project head for Visayas and Mindanao, said 80 owner-investors and 240 of their family members have occupied the units, according to their latest headcount.

One Oasis Building 1 has a total of 130 units valued at P325 million.

Las Marias said 50 more units are being prepared for delivery and over a hundred applications are still being processed.

FLI is also the developer of the integrated community Citta di Mare, which is being built at the South Road Properties.

FLI said the first phase of the P1.9-billion One Oasis medium-rise condominium project has recorded brisk reservations and sales in the last six months.

Metropolitan living

FLI said One Oasis is marketed to be a home for individuals and families who want "quality metropolitan living." FLI said the property "is designed for people on the go, who need homes within a few minutes' drive to shopping malls, schools, and hospitals, and who seek living convenience at the heart of the city while enjoying a refreshing ambience."

One Oasis sits on a 3.7-hectare property in Mabolo. FLI plans to build 10 mid-rise buildings in the area.

Meanwhile, FLI said onsite construction of the five-storey Building 2, which had topped off last May, is progressing ahead of schedule for next month's turnover.

The firm is working to complete Building 3, which is targeted for delivery between December 2012 and January 2013.

Building 4, on the other hand, was launched last month. The tower will offer 22-square meter (sqm) studio units; 34-sqm one-bedroom units; and 40-sqm two-bedroom units.

Among the project's amenities are a multipurpose club house, adult and children's pools, basketball court, landscaped gardens, children's play area and jogging paths.

The company is also building One Oasis in the cities of Davao and Pasig.

Published in the Sun.Star Cebu newspaper on November 22, 2011.