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DoubleDragon acquires another Iloilo property for industrial use

DoubleDragon Properties Corp. has acquired a 3.9-hectare Iloilo property to be developed by its industrial unit, as it looks to construct manufacturing facilities across...

Property buyers shift gaze away from Metro Manila

By Jochebed B. Gonzales Senior Researcher CONSUMER home buying sentiment in the Philippines improved last quarter, boosted by households’ increasing optimism over properties located in areas...

Megaworld to develop iTownships

MEGAWORLD Corp. is currently developing a concept called iTownships, which seeks to digitize services in its existing estates and incorporate smart home technologies in...

RLC prices stock rights offering at 16% discount

ROBINSONS LAND Corp. (RLC) has priced its P20-billion stock rights offering at P18.20 per rights share, it disclosed to the stock exchange on Thursday. The...

DMCI Homes expands QC condominium project

DMCI HOMES, Inc. unveiled on Thursday the second tower for its residential condominium project in Quezon City (QC) called Infina Towers, targeting both investors...

Villar group sets P175-B capex for next 3 years

THE VILLAR GROUP of companies is accelerating its capital spending to P175 billion in the next three years, targeting to boost the growth of...

Golden Haven buys Bria Homes

THE VILLAR GROUP is reorganizing its property business, disclosing on Wednesday that Golden Haven, Inc. will take over the operations of Bria Homes, Inc. In a disclosure...

Udenna wants ‘iconic tower’ built in Clark

DENNIS A. UY-LED Udenna Corp. is taking inspiration from cities like Paris, Chicago, and Singapore for its masterplan for Clark Global City (CGC), which...

GERI investing P8B in Hamptons-inspired project

GLOBAL-ESTATE Resorts, Inc. (GERI) is pouring in P8 billion for the development of its second integrated lifestyle community in Laguna over the next 10...

Office rents in BGC seen to continue rising in 2018 —...

By Arra B. Francia, Reporter MORE THAN three quarters of the total office supply projected to come online in 2018 are located in Bonifacio Global...

At the height of success: Suntrust Properties, Inc. celebrates 20th anniversary

It can be said that Suntrust Properties, Inc. (SPI), which was initially known as Empire East Properties, Inc. when it was founded in 1997,...

Primex takes over Stratosphere builder

REAL ESTATE developer Primex Corp. said it now owns 98.2% of its subsidiary that built the 31-storey Stratosphere in Makati. On Friday, it told the...

DoubleDragon profits surge amid continued CityMalls expansion

DOUBLEDRAGON Properties Corp.’s earnings surged 66% in the third quarter of 2017, primarily from the expansion of its community malls around the country. In a...

DM Consunji bags P3.5B worth of contracts in Q3

DM CONSUNJI, Inc. secured contracts amounting to P3.5 billion in the third quarter, mostly to develop residential condominium projects. In a statement issued over the...

DMCI Homes reservation sales hit P37B as of Oct.

THE PROPERTY ARM of DMCI Holdings, Inc., the holding firm of the Consunji family, booked record sales this year on the back of robust...

Ayala Land earnings climb 18%

By Arra B. Francia, Reporter ROBUST SALES of residential properties alongside a growing rental business fuelled an 18% increase in Ayala Land, Inc. (ALI)’s earnings...

Home prices bear watching — S&P analyst

By Melissa Luz T. Lopez Senior Reporter PRICES of real property in the Philippines remain reasonable, an analyst of an international debt watcher said, even as...

Megaworld to turn over 1,000 units in Makati this year

MEGAWORLD CORP. is set to complete the turnover of P9 billion worth of residential condominium units inside the Makati Central Business District (CBD) this...

KMC Savills: A standout team

KMC Savills, Inc. Managing Director Michael McCullough once found himself in a predicament in the Philippines. With a background rooted in tech, Mr. McCullough...

SMDC plans to expand Las Piñas mixed-use project

SM Development Corp. (SMDC) plans to add up to four towers to its mixed-use complex in Las Piñas City in the next few years,...

Delays in PEZA approvals weigh on office market

By Krista A.M. Montealegre, National Correspondent DELAYS in the approval of incentives to business process outsourcing (BPO) firms and the limited number of cities that allow...

Real estate prices ease in second quarter — BSP

HOME PRICES declined in the second quarter, with costs to acquire single units down a tenth from a year ago, the Bangko Sentral ng...

SMDC plans to ramp up provincial expansion

SM DEVELOPMENT Corp. (SMDC) is keeping in step with the Sy group’s mall expansion into the provinces, as it plans to add 25,000 to...

Lofty accomplishments

The country’s biggest real estate companies are behind some of the largest and most ambitious properties in history. These properties have made a huge,...

Location and property value

When it comes to buying a residential property, location is still an important factor as this can dictate the overall living experience of the...

SMDC enters Cavite with P3-billion condo project

By Arra B. Francia, Reporter SM DEVELOPMENT Corp. (SMDC) launched on Tuesday a P3-billion high-rise condominium building in Dasmariñas, Cavite, where it aims to take...

CLI to launch P10.6-billion projects in Q4

CEBU LANDMASTERS, Inc. (CLI) will be launching P10.61 billion worth of projects in the last quarter of 2017 as it further expands its presence...

DoubleDragon files for new share offering

DOUBLEDRAGON Properties Corp. has lodged with the Securities and Exchange Commission (SEC) its application for a P7.5-billion follow-on offering that would help finance its...

Trump Towers going up fast in country close to US

HONG KONG — In western India, a pair of shiny black Trump buildings with gold insignia tower over the city of Pune. In nearby...

China home prices rise in fewer cities in property slowdown

SHANGHAI — China’s home prices rose in the fewest cities since January, adding to signs of a real estate industry slowdown as officials persist...

Property prices in major cities worldwide hit record highs

SINGAPORE — Prices of office, retail and industrial properties in most global cities have reached records since the global financial crisis, with values in...

Sta. Lucia Land builds Luzon, Davao land bank

HOMEBUILDER and mall owner Sta. Lucia Land, Inc. (SLI) is growing its land bank with the acquisition of over 50 hectares (503,488 square meters)...

Megaworld set to open 14th mall

MEGAWORLD Corp. continues to ramp up its commercial portfolio with the opening of the P2-billion Southwoods Mall next month. Megaworld on Thursday said Southwoods Mall,...

DoubleDragon follow-on offer by yearend

By Arra B. Francia, Reporter DOUBLEDRAGON Properties Corp. targets to issue its P7.5-billion follow-on offering before the end of the year, which the company plans...

Ayala breaks ground on P20-billion Davao township

By Carmelito Q. Francisco, Correspondent DAVAO CITY — Companies behind the newest township development in the city, the Azuela Cove, hope to complete the project within the...

Sta. Lucia allots up to P500M to develop Silay residential community

STA. LUCIA LAND, Inc. has teamed up with a Silay-based company to develop a 67-hectare master planned lake residential community in the city known...

Ayala Land net income jumps 18% in 2nd quarter

SALES from Ayala Land, Inc.’s top three residential brands drove its earnings 18% higher for the second quarter of 2017. The property arm of the...

DoubleDragon raises P9.7 billion in second bond sale tranche

DOUBLEDRAGON Properties Corp. raised P9.7 billion from the sale of the second tranche of fixed rate retail bonds after exercising the oversubscription option of...

HK’s mortgage lenders do business in the shadow

HONG KONG -- When Horan Fu decided to buy a 500-square-foot apartment for HK$7.4 million last year, the biggest draw was the developer’s offer...

Lanzhou positions itself as new Belt and Road economic hub

LANZHOU -- The city of Lanzhou signed 164 investment projects totaling more than RMB 111.4 billion during the 23rd Lanzhou Investment and Trade Fair...

London’s Grosvenor House hotel sold to Ashkenazy

SEATTLE -- Ashkenazy Acquisition Corp., the US real estate investor that recently bought a stake in New York’s Plaza Hotel, said that it acquired...

Filling Spaces (07/11/17)

Parkway Corporate’s top-offTHE FILINVEST group said it is on track to completing its office condominium Parkway Corporate Center by 2019 after a top-off ceremony...

Removing VAT exemption on low-cost housing may crimp property market growth

THE residential market may experience a slowdown if the government’s tax reform plan, which removes tax exemptions on sale of low-cost housing, is approved,...

Singapore home prices extend decline on curbs

SINGAPORE -- Singapore home prices fell in the quarter ended June, extending the drop in property values to a record 15th quarter as most...

Asian crisis and more, Joy Nostalg savvy boss says find opportunity

WITHOUT taking his eyes off his smartphone, Jacinto Ng, Jr. walked into Nostalgia -- the dining lounge at the posh service apartment Oakwood Premier...