Another low-cost housing developer is set to issue shares to the public for the first time, following the announcement of Property Company of Friends (Pro-Friends) that they will conduct an initial public offering before the end of the year.
Pro-Friends is a property development company that started in 1999 and has completed 15 projects so far. They focus on the low-cost housing market segment building affordable subdivisions, townhouses and mid-rise condominiums in Cavite, Iloilo and Metro Manila.