Filinvest expects P7-B sales from high-end condo in BGC

Gotianun family-led Filinvest Group expects sales to double the project cost of its high-end condominium development in fast-rising commercial hub Bonifacio Global City.

In a statement, Filinvest Development Corp. (FDC) said its P3.5-billion “The Beaufort” located near the boundary of the cities of Taguig and Makati would generate P7 billion in revenues.

The Beaufort is being positioned to tap the “ultra-rich segment,” FDC said, as units cost up to P170,000 a square meter.

One-bedroom flats with parking space start selling at P10 million while up to P30 million should be shelled out for three-bedroom residences.

Despite the steep price tag, about two thirds of its so-called West Tower were already sold.

“The company is carefully treading the niche market segment of the ultra rich, and, so far, the project uptake has been remarkable,” FDC president Josephine Gotianun-Yap said.

“The market for this type of property is now ready. This novel venture answers the need of that type of home buyers who put premium on space and aesthetics as well as the conveniences [of] living in a condominium,” she added.

The Beaufort has two towers with 43 floors each. For sale are a total of 271 units, a number of which face the sprawling Manila Golf and Country Club.

“The Beaufort has only three to four condo units per floor. This gives [owners] the satisfaction of making the most of their precious time,” Filinvest executive vice president Catherine A. Ilagan noted. Ben O. de Vera