Filinvest Development Corp. (FDC) said its real estate business could be significantly affected by the ongoing economic strain linked to the Middle East conflict and slower growth in the Philippines.
Company president and CEO Rhoda Huang said the property sector has already been facing challenges since 2024, when economic growth fell below expectations. She noted that slower GDP growth has a direct impact on real estate demand, with many companies now holding large amounts of unsold inventory.
In response, FDC has decided not to launch new real estate projects this year. Instead, it will focus on selling existing inventory while tightening spending through cost-cutting and efficiency measures.
The company also plans to prioritize capital spending on projects with the strongest potential returns. FDC earlier announced a ₱27.6 billion budget for 2026, mostly allocated to power, real estate, and banking.
Despite the challenges, Huang said the situation is not a reset for the 71-year-old firm but a test of resilience. She emphasized the need for discipline and focus as the company navigates a tougher business environment while continuing to aim for long-term growth.
