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Office take-up seen to breach 1M sq.m. this year

THE PHILIPPINE office market is expected to record a net take-up of more than one million square meters (sq.m.) by the end of 2018, driven by the expansion of outsourcing companies that previously held off their expansion plans last year.

Vista Land raises 2018 growth target after first-half results

Vista Land & Lifescapes, Inc. (VLL) is hiking its profit growth target to 15-17% for full year 2018, driven by stronger sales in its...

Cebu Landmasters books higher first-half earnings

Earnings of Cebu Landmasters, Inc. (CLI) jumped by a third during the first six months of 2018, lifted by higher sales from its residential...

Cebu Landmasters unveils P3.6-billion mixed-use project in Mandaue

Cebu Landmasters, Inc. (CLI) has unveiled a P3.6-billion mixed-use project in Cebu, set to house a mall, office spaces, residential units, and a hospitality...

Robinsons Land books Q2 profit growth

Robinsons Land Corp. (RLC) delivered a 16% increase in attributable profit during the second quarter of 2018, driven by the performance of its residential,...

Megaworld nets higher profit in second quarter

Megaworld Corp. grew its attributable profit by 14% in the second quarter of 2018, driven by its residential, office, and mall properties alongside the...

GERI earnings up 18% in first half

Global-Estate Resorts, Inc. (GERI) posted an 18% attributable profit growth during the first six months of 2018, driven by a surge in rental revenues...

SM Prime profit up by 16% in first half

The property firm of country’s richest man Henry Sy, Sr. reported a 16% profit growth for the first six months of 2018, driven by...

Iceland wants foreigners to stop buying its land

A little over a century ago, a young woman named Sigridur Tomasdottir threatened to throw herself into the icy gorge of Iceland’s iconic Gullfoss...

PHA teams up with Korean firm for foray into tourism, infra,...

Premiere Horizon Alliance Corp. (PHA) is looking to venture into infrastructure, tourism, and power, after signing an agreement with Korean firm D-Eco Energy Co....

Megaworld to invest P28 billion in Bacolod township development

Megaworld Corp. is investing P28 billion over the next 10 years to develop its first integrated township in Bacolod City, which is being positioned...

Megaworld to launch Taguig residential tower this month

Megaworld Corp. is unveiling a second residential tower worth P7 billion in sales within its Taguig township, after quickly selling out the first phase...

IRC Properties to proceed with Swiss challenge for Makati transport project

IRC Properties, Inc. said it will now proceed with the Swiss challenge for its proposed $3.7-billion Makati Mass Transport system, after securing approval from...

Cebu Landmasters inks P5-billion notes facility

Cebu Landmasters, Inc. (CLI) has signed on Friday, July 20, a P5-billion corporate notes facility agreement, with the proceeds to be used to acquire...

Office space take-up drops in Q2 as IT-BPM firms put expansion...

Take-up of office spaces in Metro Manila slowed down by more than a fifth during the second quarter of 2018, as information technology-business process...

How smart solutions can help PHL cities become more liveable

THE cities of Cebu and Davao should consider investing in smart solutions into its infrastructure and services, if they want to become more liveable and sustainable.

KMC Solutions adds more flexible workspaces to its portfolio

KMC SOLUTIONS recently launched three flexible workspaces in Metro Manila, and is looking to open more in the Visayas region as part of the company’s plan to ramp up its portfolio to 10,000 seats by the end of the year.

Americans burdened by increasing housing costs

IT’S $500 more, each and every month. That’s the additional cost of a mortgage payment if you bought a median-priced home in San Jose, California, in the first quarter of 2018 compared to late last year. The mortgage payment would be about $4,600 compared to $4,100 due to higher lending rates and increasing home prices.

DMCI Homes set to top off Sheridan North Tower

CONSUNJI-LED property developer DMCI Homes is poised to top off the second building of its Sheridan Towers project in Pasig City this month.

Amaia Steps Nuvali starts turnover of units

AFFORDABLE property developer Amaia Land Corp. is set to turn over units of its mid-rise condominium project in Nuvali Canlubang in Calamba, Laguna.

Global companies at World Plaza

DAIICHI Properties’ World Plaza building in Bonifacio Global City is now home to several global companies.

Trump Tower Manila offers luxury condo

TRUMP Tower at Century City is being touted as the best luxury condominium development in Metro Manila.

Themed enclaves at Tagaytay Highlands

MASTER-PLANNED community Tagaytay Highlands is known for its themed residential enclaves. One of these is Sycamore Heights, situated within the Tagaytay Midlands communities and bounded by views of Taal Lake and volcano. The homes in this section -- set in lots ranging in size from 250 to 959 square meters -- use both contemporary and traditional Asian design elements.

Primex starts construction of P3.6-billion Greenhills office tower

Primex Corp. started the construction of its P3.6-billion office tower in San Juan City on Wednesday, July 11, banking on its prime location to...

D.M. Wenceslao to spend P12B on Aseana City over next 5...

D.M. Wenceslao & Associates, Inc. (DMWAI) will be spending P12 billion over the next five years to develop its mixed-use estate in Pasay City, banking on the rising demand for residential, retail, and commercial spaces in the area.

New office buildings targeting BPO firms, MNCs

ETON Properties Philippines, Inc. has launched two new office buildings, targeting business process outsourcing (BPO) companies and local units of multinational companies (MNCs) that are expanding in Makati City and Quezon City.

GERI to open P1.5-billion Tagaytay hotel by end of this year

Global-Estate Resorts, Inc. (GERI) is on track to open the P1.5-billion Twin Lakes Hotel in Tagaytay by the end of this year, it said...

8990 breaks ground for P30-B Ortigas project

MASS HOUSING developer 8990 Holdings, Inc. has broken ground for its P30-billion condominium complex project in Ortigas Avenue Extension yesterday.

Notable townships in Visayas and Mindanao

Not only is the Philippines seeing massive changes in its economy as part of its growth as a developing country, huge transformations can also...

Condos in Makati have high resale value

CONDOMINIUM units by the country’s top developers and those located in prime locations continue to have high resale value, according to a global real estate brokerage.

Savoy Hotel to open this week

MEGAWORLD CORP. is set to open Savoy Hotel Manila within its Pasay City township this week, adding 684 rooms to the company’s hospitality portfolio.

ALI unit expands Davao luxury residential project

AYALA LAND Premier (ALP) is launching the second tower of its luxury residential project in Davao City within the year, after seeing strong demand for the first tower where it generated P2.6 billion in sales.

Ayala Land Premier generates P2.6 billion from Davao luxury project

Ayala Land Premier (ALP) is launching the second tower of its luxury residential project in Davao City within the year, after seeing strong demand...

DoubleDragon breaks ground on second Iloilo industrial hub

DoubleDragon Properties Corp. on Tuesday said it has started construction for its second industrial leasing hub in Iloilo. The listed property developer’s unit, CentralHub Industrial...

CLI to build Citadines Bacolod

Cebu Landmasters, Inc. (CLI) is betting big on Bacolod’s growth, disclosing on Tuesday, June 19, its plan to build its fifth hotel in the...

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.