Home Tags Property

Tag: property

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...

Controversial Moscow housing plan becomes law

RUSSIAN President Vladimir Putin on Saturday signed a controversial law authorizing the demolition of several thousand Soviet-era Moscow apartment blocks and the relocation of...

Cost of getting on the UK property ladder surges to record

LONDON -- First-time buyers in the UK property market are paying a record amount to purchase a home, with Londoners shelling out almost double...

Hitler house expropriation stands — Austria court

AUSTRIA’S highest court ruled Friday in favor of last year’s controversial expropriation of the house where Adolf Hitler was born, ending a long-running bitter...

Bernard-Henri Lévy puts $7-million Tangier Mansion on the market

BERNARD-HENRI LÉVY, a French public intellectual (they have those, still) was catapulted to fame in 1977 for his book attacking France’s Marxist left, Barbarism...

Home prices edge up in first quarter — BSP

By Janine Marie D. Soliman HOUSING PRICES saw an uptick in the first three months of the year, after more Filipinos acquired loans for homes,...

Florida eco-friendly town opens for business

PUNTA GORDA — With a farm-to-table restaurant, driverless shuttles, homes built with the latest green techniques and a massive solar farm to offset energy...

Florida eco-friendly town opens for business

PUNTA GORDA — With a farm-to-table restaurant, driverless shuttles, homes built with the latest green techniques and a massive solar farm to offset energy...

Keep saving HK, China’s coming for your best land

HONG KONG -- It takes around 35 years for a median-income household to buy a 90-square meter (970-square foot) apartment in Hong Kong. So,...