P9-B real estate venture to complement new Negros region

DUMAGUETE CITY – Filinvest Land, Inc.'s (FLI) latest multi-billion pesos real estate investment in this capital city will complement the newly created Negros Island Region (NIR) that President Ferdinand R. Marcos Jr. signed into law recently and will soon take off with its own 2025 budget, officials said.

During Friday night's unveiling of the P9 billion mid-rise condominium project Futura Shores to be erected in Barangay Mangnao, Negros Oriental, 2nd District Rep. Manuel Sagarbarria said he believes it would spur the city's economic and social posturing as part of the newly established region.

"We are proud and fortunate that FLI decided to put up another big business in Dumaguete City because it will uplift its standards and take us to the next level," he said.

Futura Shores' revenue contributions from residential units and leasing businesses in the high-end coastal condo community will open more opportunities for retirees who want to live by the coast and enjoy various amenities within reach, he said.

This would also allow locals to have an option of condo-living by the sea, something that is relatively new to the "laid-back" environment of this Negros Oriental capital, the legislator added.

"What is very surprising is that when they (FLI) made the first one, Marina Spatial, in less than a year, the condo units were fully sold and so far, there are no reports of second-hand sales since it started about nine years ago," he said.

Woodrow Maquiling, Jr., provincial tourism executive director, also welcomed Futura Shores, adding that this would boost the province's tourism industry.

He said more tourists will be coming to this part of Negros Island if there is more to offer in terms of accommodation, food, cuisine, and other lifestyle amenities.

He also thanked Filinvest for bringing its premier ventures here, which, he said, has increased tourist traffic, business opportunities, revenue generation, and employment opportunities.

Marina Spatial in Barangay Piapi is about 95 percent complete, with all condo units sold out, a business process outsourcing company leasing space, and a shopping mall soon to open.

On the other hand, Futura Shores is already pre-selling its condo units at a next-generation site on Barangay Mangnao's coast, offering a Phuket-style living complete with amenities for sports, cuisine, shopping, and others, which will also benefit locals and tourists. (PNA)