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Forest Lake builds legacy as premier memorial park developer

By Manila Times - 2 months ago
FOREST Lake continues to uphold its commitment to compassionate care, innovative services and customer-centric core values to sustain its position in the deathcare industry. Established in 1997 with parks initially built in Zamboanga and Iloilo, Forest Lake now has 37 operational memorial parks across Luzon, the Visayas and Mindanao. Dedicated to creating "A Better Place" for families to honor and celebrate the lives of their loved ones, Forest Lake continues to grow and set an example for property developers in the country. Holding the fort as the front-runner, Forest Lake's total revenues in 2023 reached P2.47 billion, surpassing its 2022 revenues of P2.17 billion, driven by higher demand for memorial lots, the introduction of new parks, improved collection efficiency, increased development investments, and higher interment service revenues. Net income before tax increased by 15 percent, driving profitability upward. "We have our core values to thank for our stature in the industry: personalized service, value creation, teamwork, innovation and creativity, and professionalism. These values have always guided us in everything we do and have led us to provide the best kind of care to the families we serve," Forest Lake Development Inc. President and CEO Alfred Xerez-Burgos III said. With these guiding principles, Forest Lake continues to expand its services and meet the evolving needs of its customers. Its "Libing Anywhere" feature provides customers the flexibility of using memorial lots at any Forest Lake park nationwide, while the "Libre Burol" feature grants free funeral services with each interment. Visit Forest Lake's Facebook and Instagram pages at @forestlakememorialparks for more information.

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