Forest Lake sustains growth with innovative services
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 deathcare industry.
Established in 1997 with parks initially built in Zamboanga and Iloilo, Forest Lake now has 37 operational memorial parks across the country.
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 P3 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.
Holding the fort as front-runner, Forest Lake’s total revenues in 2023 grew 12 percent to P2.47 billion from a year ago, due to 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 also rose by 15 percent to P607.2 million in 2023.
“We have our core values to thank for our stature in the industry: personalized service, value creation, teamwork, innovation and creativity, and professionalism,” said 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.”
With these guiding principles, Forest Lake continues to expand its services to 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 P50,000 to P250,000. Estate lots, designed for above-ground interment, are priced between P720,000 and P3 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” provides customers the flexibility of using memorial lots at any Forest Lake park nationwide, while “Libre Burol” grants free funeral services.
Forest Lake’s parks feature well-manicured lawns, rock gardens, and Mediterranean-inspired gates and guardhouses, among others.
“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.”
For more information, email info@forestlakeparks.com; visit forestlakeparks.com; or follow Forest Lake on Facebook and Instagram @forestlakememorialparks
