Long affirmed as the Philippines’ leading
memorial park developer, Forest Lake continues to uphold its commitment to
compassionate care, innovative services, and customer-centric core values - factors
that, to this day, help the industry pioneer sustain its position in the death care industry.
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| Forest Lake Memorial Park, Digos, Davao Del Sur: The stunning facade of Forest Lake Memorial Park in Digos, welcoming you with elegance and
serenity |
Forest Lake subsequently demonstrated
consistent growth, with significant expansions between 2005 and 2015, doubling
its network from 2016 to 2020, and launching eight new parks from 2021 to 2023.
To top this off, Forest Lake surpassed Php 3 billion in sales in 2023.
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.
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| Forest Lake Memorial Park, Koronadal: A peaceful sanctuary with lush greenery and stunning views, perfect for reflection and
remembrance. |
Holding the fort as front-runner, Forest
Lake’s total revenues in 2023 reached Php 2.47 billion, surpassing its 2022
revenues of Php 2.17 billion (signifying a 12% increase), driven by a higher
demand for memorial lots, the introduction of new parks, improved collection
efficiency, increased development investments, and higher interment service
revenues.
Sales revenues were bolstered by an 18.2%
increase, rising from Php 1.73 billion to Php 2.04 billion, while interment
revenues grew by 11%, from Php 190 million to Php 210 million.
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| Forest Lake Memorial Park, Bauang, La Union: Captivated by the winding road amid the vibrant greenery of Forest Lake Memorial Park, Bauang |
Likewise, net income before tax increased
by 15% (from Php 527.8 million in 2022 to Php 607.2 million in 2023), with an
EBITDA increase from Php 608 million in 2022 to Php 733.3 million in 2023,
driving profitability upwards, from 28% to 30%.
Additionally, the company's assets saw a
20% increase, including a 51% rise in cash reserves and a 31% increase in sales
receivables. Total equity also grew by 18%, supported by a 48% rise in issued
capital stock and a 25% increase in unappropriated retained earnings.
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| Forest Lake Memorial Park, Davao: Experience tranquility at Forest Lake Memorial Park in Davao, surrounded by natural beauty and
serene landscapes. |
"We have our core values to thank for
our stature in the industry: Personalized Service, Value Creation, Teamwork,
Innovation and Creativity, and Professionalism," says Alfred Xerez-Burgos
III, President and CEO of Forest Lake Development Inc. "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."
For almost three decades, Forest Lake has set
its “eyes on the prize,” with its mission of “offering accessible and
affordable memorial parks and services, managed by a professional team that is dedicated
to providing value, innovation, and personalized service.” Meanwhile, its
vision is “to build a better place where generations of family memories are
treasured, immortalized, and celebrated by the living.”
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| Forest Lake Memorial Park, Legazpi, Albay: Nestled against the majestic Mayon Volcano, Forest Lake Memorial Park in Legazpi offers a
serene and breathtaking backdrop for reflection. |
With these guiding principles, Forest Lake continues
to expand its services and meet the evolving needs of its customers. It now offers
a comprehensive array of products and services designed to provide a complete
memorial experience. Lawn Lots are available in standard, premium, and special
premium options, with prices ranging from Php 50,000 to Php 250,000. Estate
Lots, designed for above-ground interment, are priced between Php 720,000 and
Php 3 million per block.
Forest Lake also offers a full range of
interment and funeral services, including burial setup, funeral arrangements
and preparation, all ensuring a seamless experience for memorial lot buyers.
Forest Lake’s “Libing Anywhere” feature even 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.
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| Forest Lake Memorial Park, Pozorrubio, Pangasinan: The beautiful entrance of Forest Lake Memorial Park in Pozzorubio, invites visitors to reflect on
cherished memories amidst a peaceful setting. |
In October 2015, Forest Lake Biñan became
the first of Forest Lake's parks to offer chapel services. Currently, chapels
are under construction in Iloilo, set for completion this year. These services
include body retrieval, preparation, casketing, use of a hearse, and a viewing
chapel—all aiming to provide total memorial care.
Forest Lake’s parks are designed with
convenience and aesthetics in mind, featuring well-manicured lawns, rock
gardens, and Mediterranean-inspired gates and guardhouses. Other amenities
include well-maintained restrooms, high concrete perimeter and security walls,
water sprinkler systems, drainage facilities, street and park lighting, and
24-hour security.
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| Forest Lake Memorial Park Chapel, Zamboanga: A serene chapel nestled among swaying palm trees. |
"Our many years of commitment to
innovation and customer satisfaction made us the industry leader that we are
today," adds Xerez-Burgos III. "We assure our present and future
customers that we will continue this legacy and provide them the highest
standard of care."
As Forest Lake celebrates its stature in
the industry, it invites everyone to connect and stay updated through Facebook
and Instagram at @forestlakememorialparks.
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| Forest Lake Memorial Park, San Juan, La Union: A place of eternal peace amidst nature's beauty |
For
over 27 years, Forest Lake has established itself as a leader in providing
thoughtfully designed, family-friendly memorial parks throughout Luzon,
Visayas, and Mindanao. These parks are more than places of remembrance; they
are vibrant spaces where families gather, connect, and celebrate their loved
ones' memories.
As
the foremost memorial park developer in the Philippines, with over 37 parks
nationwide, Forest Lake is committed to expanding its offerings to include
total memorial care services such as chapels, columbariums, and cremation. This
expansion underscores the company's dedication to meeting the evolving needs of
Filipino families.
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| Forest Lake Memorial Park, Zamboanga
Explore the beauty of Forest Lake Memorial Park from above, where trees sway gently and open
grass invites peaceful contemplation. |
Guided
by its mission to create "A Better Place," Forest Lake upholds values
of innovation, creativity, teamwork, personalized service, value creation, and
professionalism. The company integrates cutting-edge technology to enhance
service delivery and foster a seamless, personalized experience for every
client. Forest Lake’s collaborative approach ensures that each park is a
testament to thoughtful design and professional excellence, offering
significant value to both clients and investors through low-risk, high-yield
opportunities.
Forest
Lake Memorial Parks is headquartered on the third floor of Alexcy One Building,
51 President’s Avenue, 1718, Parañaque City. For more information, email
info@forestlakeparks.com or visit forestlakeparks.com. Follow Forest Lake on
Facebook @ForestLakeMemorialParks and Instagram @forestlakememorialparks.
Join
Forest Lake in its vision to provide spaces where the memories of loved ones
are celebrated and immortalized, and where families can create new, lasting
memories together.
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