PHINMA Corp., the diversified investment firm led by businessman Ramon del Rosario, has injected an additional P300 million into its P12-billion flagship township project in Bacolod City to capitalize on improving market conditions.

In a stock exchange report on Monday, the company said the funds were infused into PHINMA Property Holdings Corp., which spearheads the 21-hectare Saludad development in partnership with JEPP Real Estate Co.

“This new P300-million investment will allow PHINMA Properties to sustain the favorable market momentum for our Saludad project in Bacolod. 

This signifies the PHINMA Group's stronger commitment to the Bacolod community and nearby areas by promoting economic development and creating new livelihood opportunities,” PHINMA Chairman and CEO Ramon R. del Rosario, Jr. said.

With construction underway, the southern Phase 1 is scheduled for completion by the first quarter of 2026.

The northern Phase 2 is targeted for completion in 2028. The development was master-planned by Royal Pineda+ Architecture.Design.

The township will feature residential units and commercial spaces designed for entrepreneurs and professionals.

Launched in October 2023, Saludad brings together PHINMA’s core businesses, including a TRYP by Wyndham Bacolod hotel under PHINMA Hospitality, a Southwestern University PHINMA campus, and construction materials from the PHINMA Construction Materials Group.