ProFriends eyes 100k more houses in 10 years
Property Company of Friends, Inc. ( ProFriends ) eyes to bring in 100,000 more houses to the market with its ongoing projects in the next 10 years.
ProFriends gears up for its 15th years in the real estate business next year by recognizing the milestone and the projects it has delivered since the company’s inception in 1999.
Since its first development, Villa de Primarosa in Imus, Cavite, Profriends has built continuities for over 26,000 families in the country and established its market niche in the affordable housing segment.
In its latest fiscal year that ended June 30, the company reported total revenue of php 7.7 million while its net income was at php 2.4 million, a 43 percent and 27 present year-on-year increase respectively.
“The first half of 2013 saw us making chnages in the organization, implementing new technologies and the increasing our land bank. We made scaling preparations in order the meet the growing demand of our clients.” said Profriends president Jocelyn Guzman.
The developer largest project to date is Lancaster Estates ( presently know as Lancaster New City ), a flagship project introduced in 2007.
The over 1,000-hectare development caters to young profesionals as growing families and features tastefully designed, two-storey houses with three or four bedrooms and two toilet and bath. Its townhouse also cater to thier clients’ discriminating lifestyle preferences.
This year, Lancaster New City has expanded to include Leighton Hall, a modern three-storey clubhouse that can accomodate up to 400guest for birthday celebration and other special events; St. Edward Integrated School, which provides high quality education at an affordable price and works under the Lasallian School Supervision Office or LASSO; and Lancaster Square, ProFriends first ever commercial complex inside Lancaster New City. In addition, the Chruch of the Holy Family, located beside Leighton hall, is the venue for masses held regularly for the residents.
In addition, Profriends marks important process in the three of their on going projects: Illustrata Residence groundbreaking, Parc Regency Green soft launch and The Palms Lakeshore ‘s start of construction. Profriends projects Bellefort Estates and Carmona Estates.
Profriends first focused its efforts on the building affordable housing on small pockets developments. It Eventually progressed to addressing the needs of higher market segments by focusing in estate developments.