Filinvest Land sells P4.1B worth of property

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