Philippine industrial sector on growth trajectory — Colliers
THE Philippine economy is starting to recover. With a 5.5% growth in 2023, the country was the fastest-growing in Southeast Asia. The Philippines is projected to achieve sustained growth for the remainder of the year and this is likely to make the country one of the fastest if not the fastest growing Southeast Asian economy.
Filinvest allocates P1.1B for San Mateo residential project
PRESTIGE by Filinvest said it has allocated P1.1 billion for Celestia, a residential project in Timberland Heights in San Mateo, Rizal.
The project is scheduled...
Colliers: Office market sustained momentum amid challenges
By Kath Taburada and Kevin Jara
DURING the first quarter (Q1), total office transactions in Metro Manila reached 240,100 square meters (sq.m.), 88% higher versus the same period in 2023....
Lamudi sees heightened developer confidence with rise in ad spending
ONLINE property marketplace Lamudi Philippines said developers are increasing their spending on online advertising as they continue to launch new projects this year.
“The outlook...
Steady rates expected for prime developments in CBDs — Cushman & Wakefield
THE OFFICE VACANCY in Grade A and prime offices in Metro Manila rose during the first quarter, according to real estate services firm Cushman...
Real property valuation reform bill seen to enhance transparency
By Paul Vincent Ramirez
AFTER the Tax Reform for Acceleration and Inclusion (TRAIN) Law and Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act comes Real Property Valuation...
Phinma Properties to launch luxury development reflecting traditional Filipino heritage
PHINMA PROPERTIES said it will launch on June 1 its Likha Residences Davao, a luxury townhouse project that will showcase traditional Filipino heritage.
The townhouse...
Discovery World’s Elize Point targets completion by 2026
LUXURY HOTEL and resort operator Discovery World Corp. (DWC) said its inaugural residential development Elize Point in Davao is expected to be completed by...
AI integration expected to revolutionize construction
THE integration of artificial intelligence (AI) and building information models (BIM) is poised to significantly benefit the construction sector, construction technology firm PlanRadar said.
This...
Alveo highlights green spaces in new Southern Luzon projects
ALVEO LAND CORP. said it is prioritizing extensive parks, open spaces, and spine roads in its latest projects: Sereneo Nuvali and Caleia Vermosa in...
Philippine retail industry: Innovate or evaporate
By Joey Roi Bondoc
MALL OPERATORS are aggressively renovating and upgrading their leasable retail spaces to attract more consumers. Philippine and foreign brands continue to occupy mall space...
P585-M Pueblo de Oro townhouse project for completion by 2027
REAL ESTATE developer Pueblo de Oro Development Corp. said it has invested P585 million in La Aldea del Rio townhouse, its latest addition to...