FLI closing the gap

DCL #5900: Filinvest Land acquires prime property for mixed use

Leading property developer Filinvest Land Inc. (FLI) announced it will soon be launching its first master planned mixed-use vertical development project within Metro Manila. The project will be developed on a 4-hectare prime property along Ortigas Avenue Extension that FLI recently acquired. Not only will it house several clusters of medium to high rise residential buildings, it will also be the home of business process outsourcing office buildings as well as commercial units that will cater to the needs of the residents and workers in the project and the surrounding community. The medium rise buildings will offer residential units for the middle income market segment. The prime location makes it a valuable yet affordable investment with a package price ranging from PhP1.3 to PhP2.5 M for studios, 1-bedroom and 2-bedroom units. It boasts of excellent accessibility to schools, hospitals, lifestyle centers, financial institutions and commercial establishments since it is located just a few minutes away from the Ortigas Central Business district. Because of its proximity to major business centers and work places, residents will be able to minimize commute time and reduce travel expenses; thus, allowing more quality time to be spent with their families. Further enhancing the appeal of the project are very affordable payment schemes which offer very low monthly amortizations that can easily be afforded by the average employee, including call center agents working in the BPO office buildings. FLI will be offering its new EZ Home Credit in house loan facility which offers up to 25 years financing with a very low 11.5% fixed interest rate in the first 5 years. In addition, bank financing is also available under a 10% down payment only scheme. The centerpiece of the development will be a first class centralized amenity area geared towards providing the busy urbanite with total rest and relaxation amidst the concrete jungle of the Metropolis, complete with clubhouse, swimming pool, basketball court, children’s playground and meditation garden.



FLI = 1.52 (2.7%)

Looks like FLI is trying to close the gap down it previously made :)

Good volume yesterday. Nice to note the good demand line... daming good :) hehehe :)

Supports:
1.51- 32MA
1.38 - looks like a major support level in the short term :) labo ba?

Resistances:
1.54 - upper limit of the gap down
1.62-1.64 - recent high and another gap down

yikes parang daming resistance ng FLI...

Good luck to all FLI traders :)

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