FAR Property to add Gumare project to portfolio

Ramachandran Ottapathu PIC: PHATSIMO KAPENG
Ramachandran Ottapathu PIC: PHATSIMO KAPENG

The FAR Property Company (FPC) says it anticipates to complete its Gumare retail development and Hospital Way Day Clinic this year.

The company’s director, Ramachandran Ottapathu said the two projects pose better rental yields that will contribute to the group’s portfolio. “We are seriously considering investing in properties with better and stable yields,” Ottapathu said when presenting the group’s financial results for the six months ended  December 31, 2020.

The Gumare retail development and Hospital Way Day Clinic will cost P20 million.

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