INTEREST in commercial properties within central business districts, as well as residential spaces may increase this year as market sentiment improves, online property market place Lamudi said in a report on Thursday.

AYALA Land, Inc. (ALI) was named one of the top publicly listed companies at the Securities and Exchange Commission-Institute of Corporate Directors ASEAN Corporate Governance Scorecard Awards.

CHAIN STORES are moving out of the high street. Recent high-profile deals, such as online fashion retailer Asos’s purchase of high street brands including Topshop and Miss Selfridge from the Arcadia group, and the acquisition of Debenhams by another online business, Boohoo, have cemented the trend.

THE PANDEMIC has forced mall operators and retailers to accelerate their digital transformation.

CO-WORKING SPACES firm WeWork said that it is optimistic about its business growth in the Philippines, especially when more foreign investors expand in the country.

P.A. ALVAREZ Properties and Development Corporation and Hankyu Hanshin Properties Corp. are developing a new residential project in Lipa, Batangas.

ROBINSONS PLACE Manila teamed up with the Manila city government to launch “E-trikes sa Kamaynilaan” services.

METRO MANILA’S retail spaces will likely be converted to co-working and data centers as vacancy rates continue to soar this year.

SM DEVELOPMENT Corporation (SMDC) has started listing its projects on online real estate platform Lamudi, as part of its efforts to expand its market reach and address buyers’ demands in the “new normal.”

D.M. WENCESLAO & Associates, Inc. (DMW) said it signed an agreement with Manila Electric Company (Meralco) for a substation within its Aseana City township project.

RENTAL RATES for offices in Metro Manila’s business districts are expected to drop by as much as 30% this year, due to continued quarantine restrictions and economic slowdown, the Lobien Realty Group (LRG) said.

THE Department of Human Settlements and Urban Development (DHSUD) has formed a specialized body to craft measures to stop illegal activities in the housing industry.