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CPG targets double-digit profit growth this year

CENTURY Properties Group, Inc. (CPG) expects to see double-digit growth in net income this year, banking on its diversification into the affordable and leisure segments.

Property firm Revolution Precrafted expands to Ecuador’s mid-income market

REVOLUTION Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment in the country.

8990 eyes P4 billion in sales from Tondo project

Mass housing developer 8990 Holdings, Inc. looks to generate P4 billion in sales from its Tondo project this year, noting the uptick in demand...

Revolution Precrafted gains entry into Ecuador market

Revolution Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment...

GERI eyes P8 billion in sales from Ortigas condo

GLOBAL-ESTATE Resorts, Inc. (GERI) is aiming to generate P8 billion in sales from its fifth residential condominium in Ortigas Center, banking on its proximity to educational institutions and key business districts.

Century Properties to distribute P200M in dividends in July

CENTURY Properties Group, Inc. (CPG) has allocated a total of P200 million in dividends to be distributed to its shareholders by July 6.

Approved construction permits rise in first quarter

The number of approved building permits continued to grow in the first quarter albeit slower amid a decline in residential construction projects. Preliminary results from...

Razon’s Bloomberry set to start building QC casino by 2019

BLOOMBERRY Resorts Corp. looks to start construction on its casino project in Quezon City by 2019, as it targets the mass market in the north.

IRC proposes mass transport system in Makati

IRC Properties, Inc., now led by businessman Antonio L. Tiu, is seeking to build a mass transportation system within Makati City to address traffic congestion in the country’s central business district.

Robinsons opens up Manila Bay project to Airbnb, HomeAway

ROBINSONS LAND Corp. (RLC) is opening up one of its residential developments in the Bay Area to home-sharing online apps, seeking to capture the rising tourist market in the area.

Megaworld eyes P1 billion in sales from Chelsea Parkplace

Megaworld Corp. targets to book P1 billion in sales from its first residential project in its Pampanga township, banking on the province’s growth potential...

DoubleDragon gets PSE nod for follow-on offering schedule

DOUBLEDRAGON PROPERTIES Corp. announced on Friday that the stock exchange has approved the updated timetable for its follow-on offering, which could raise up to...

Dennis Uy-led firm to start work on Clark Global City this...

CLARK, PAMPANGA — Udenna Development Corp. (UDEVCO) will begin work on the first phase of Clark Global City within the year, as it aims to transform the area into the next central business hub in Luzon.

Megaworld expects P1 billion in sales from Pampanga township development

Megaworld Corp. expects to generate P1 billion from the sale of lots in the Shophouse District of its San Fernando, Pampanga township, disclosing on...

CLI partners with Lyceum Davao to redevelop property

Cebu Landmasters, Inc. (CLI) has partnered with Lyceum of the Philippines University (LPU) for the redevelopment of its Davao campus into a mixed-use university...

RCI looking to ‘stabilize’ this year

Roxas and Company, Inc. (RCI) expects its business ventures to stabilize in 2018, banking on its property projects and coconut processing plant to drive...

Revolution Precrafted bags deal to supply prefab villas in Puerto Rico

Revolution Precrafted Properties Philippines, Inc has been tapped by Puerto Rico’s Grupo Cacho, Inc. to deliver more than 2,000 residential villas on the island...

FDC first-quarter earnings up by 18%

Filinvest Development Corp. (FDC) delivered an 18% increase in net income for the first quarter of 2018, driven mainly by its property units and...

ALI partners with two firms for Aurora, Quezon projects

Ayala Land, Inc. (ALI) is teaming up with Green Square Properties Corp. (GSPC) and Green Circle Properties and Resources, Inc. (GCPRI) for two projects...

DMCI sets P40.7-billion capex for 2018

DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated...

Ayala Corp profit rises 10% in first quarter

Ayala Corp. (AC)’s real estate and power units boosted its earnings for the first quarter of 2018, with net income attributable to the parent...

BPOs remain bullish despite TRAIN 2 passage — Colliers

Business process outsourcing (BPO) firms remain bullish on expanding in the Philippines despite the removal of tax perks under the proposed second package of...

GT Capital implementing masterplan for Bay Area project

GT Capital Holdings, Inc. is now implementing the masterplan for its 40-hectare mixed-use estate in the Bay Area called Metro Park, where it recently...

Megaworld posts 11% profit growth in first quarter

Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months...

ALI Q1 profit rises on higher real estate, commercial revenues

Earnings of Ayala Land, Inc. (ALI) went up by 17% during the first quarter of 2017, supported by its aggressive real estate and commercial...

Robinsons Land partners with Hong Kong firm for P5.6-billion Pasig project

Robinsons Land Corp. (RLC) has partnered with Hong Kong Land Group (HKLG) for the development of real estate projects in the country, starting with...

DoubleDragon unveils first phase of DD Meridian Park

DoubleDragon Properties Corp. unveiled on Monday, May 7, its flagship office and retail project in Metro Manila with majority of its tenants coming from...

8990 Holdings posts 16% profit growth

8990 Holdings, Inc. delivered a double-digit growth in income last year on the back of higher revenues and improved margins. In a disclosure to the...

Calmar Land to enter into socialized housing

After serving the middle income and economic housing segments over the past 25 years, South Luzon property developer Calmar Land Development Corp. (CLDC) is...

SEC approves DoubleDragon’s P7.5-billion share offer

DoubleDragon Properties Corp. has received approval from the Securities and Exchange Commission (SEC) for its primary offer of up to 135 million common shares...

Filinvest building $200-million integrated casino-resort

The Gotianun family became the latest group to venture into the booming gaming sector after securing a license to build a $200-million integrated casino...

Megaworld to raise $200 million in perpetual notes

Megaworld Corp. will be raising $200 million through the issuance of perpetual senior notes in the offshore bond market to refinance existing debt. In a...

Q4 home price hike biggest in three quarters

HOUSE PRICES rose faster in 2017’s last three months from a year ago, marking the biggest increase in three quarters as duplex and condominium...

NBI nabs illegal Boracay land sellers

The National Bureau of Investigation (NBI) has arrested five individuals suspected of "illegally selling inalienable lands in Boracay island," according to its press statement. Suspects...

8990 completes its 1st high-rise development in Metro Manila

MASS HOUSING developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila. In a disclosure to the stock exchange on...

Arthaland secures ‘green building’ certifications for Taguig tower

Arthaland Corp. is keeping its commitment to go green by securing the certification of both local and global sustainability rating systems for its Century...

8990 Holdings completes EDSA condo

Mass housing developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila, ending the project with all units fully...

Megaworld holds 2018 capex steady at P60 billion

Megaworld Corp. is keeping its capital expenditures steady for 2018 after it booked a double-digit growth last year fuelled by the strong sales from...

Megaworld plans more museums for its townships

Megaworld Corp. plans to include museums in its integrated townships, in a bid to promote local culture and tourism which would, in turn, drive...

Robinsons Land, Shang Properties to pour P10 billion into joint condo...

Robinsons Land Corp. (RLC) and Shang Properties, Inc. (SPI) will be pouring in at least P10 billion for the development of a residential condominium...

Anti-trust body approves Robinsons Land-Shang Properties joint venture to develop Taguig...

The Philippine Competition Commission (PCC) has approved the joint venture between listed firms Robinsons Land Corporation (RLC) and Shang Properties, Inc. (SPI) to develop...

Chelsea Logistics plans to convert common shares into preferred shares to...

Chelsea Logistics Holdings Corp. (CLC) plans to convert some of its common shares into preferred shares in order to support its capital spending for...

Filinvest Land grows earnings by 9% in 2017

Filinvest Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental properties alongside demand from both retail...

Araneta Center eyes completion of P3-billion Cubao office tower by October

Araneta Center, Inc. (ACI) looks to complete its P3-billion office tower in Cubao, Quezon City by October, banking on business process outsourcing (BPO) firms...

GERI sees robust take up in Alabang township

Global Estate Resorts, Inc. (GERI) reported a robust take-up of residential lots in its Alabang West Village township, riding on the development of more...