RFM Properties Holdings, Inc. was established in 1995 to gain experience build assets of their own. It was then renamed as Philippine Townships, Inc. to expand their portfolio in industrial estates. In 1997, a financial crisis hits Asia and greatly affected many companies including the Parent Company of Philtown causing them to balance its real estate development. Year 2008, another crisis from the US took a big toll on the financial condition and liquidity of the Corporation. Philtown had to sell raw lands, enter a joint venture, and focus on horizontal development to enhance value of the remaining assets and go back on top. The Corporation was then given its present name, Philtown Properties, Inc. (PPI or the Corporation) later that same year.

 

       Among the projects of PPI were mid-income residential subdivisions in Calamba, Laguna, such as Glenwood Park, Ridgemont South, Makiling Hills and Woodlands. The Corporation then began their approach to more upscale projects that started with Tagaytay Heights in Tagaytay City.

 

       By the late 1990s, the Corporation expanded their projects into industrial estates development that opened doors for Manggahan Light Industrial Park in Pasig City, Philtown Technology Park (PTP) in Tanauan, Batangas, and a joint industrial estate project located also in Batangas called Light Industry & Science Park 3 (LISP) to flourish.

 

       It was also in the late 1990s when it began venturing into high-rise condominiums such as One McKinley Place located at Bonifacio Global City (BGC) in Taguig, City. To start the century, PPI developed more condominiums such as Fairways Tower (FWT), also located in BGC, the Metropolitan in Makati City and the WH Taft Residences in Manila.

 

       One McKinley Place and Fairways Tower has been completed and turned over to buyers in this present-day. However, WH Taft Residences is now under another property developer, Double Dragon Properties Corp. (DDC) since 2012, meanwhile, the Metropolitan was put on-hold.

 

       In 2008, RFM Corporation, PPI’s parent company, declared 81% of shares as property dividends to their 3,000 shareholders, making PPI a publicly owned company.  By 2012, RFM Corporation declared all of its remaining PPI shares as property dividends to its shareholders.

 

       In 2011, PPI entered into a joint venture with Filinvest Land, Inc. (FLI) for the construction of a condominium building on PPI’s 1,147 sqm lot in Loyola Heights, Quezon City.  For this venture, PPI is the landowner and FLI is the developer.  The condominium is called Studio A Condominium.  Construction was completed in the last quarter of 2017.   

 

       To date, PPI's ongoing projects are: Plantacion Del Sol (PDS) and Hacienda Del Sol, which are both located in Batangas and is under joint venture with Holiday Homes, Inc. (HHI).  The Mango Grove (TMG), a 28-hectare subdivision in Batangas partnered with C-Belle Development Corporation (C-Belle), Studio A Condominium in Loyola Heights, Quezon City, is the remaining high-rise project of the Corporation.

 

       These projects are all close to completion and are already being marketed through PPI's accredited real estate brokers, while the marketing of Studio A is being handled by FLI.