Phinma Investing P400M for First 2 Community Housing Projects

Phinma Corp., the diversified conglomerate of the Del Rosario Group, is making a big push to address the underserved socialized housing sector in the country by investing at least P400 million to roll out its first two community housing projects.

- By Richmond Mercurio

Phinma Community Housing Corp. president Luis Oquinena told The STAR that the company would start construction and development of its community housing project in Davao by October, while a similar project in Bacolod is eyed for launch by the first or second quarter of 2026.

He said the Davao project would have at least 500 units, while the Bacolod project would have 600 to 700 units.

Each project will require an investment of around P200 million and will take a year to develop, according to Oquinena.

The community housing projects are targeted for low-income wage earners, with house and lots priced at about P850,000.