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Property developers post higher profits as rental revenues rise

PROPERTY companies reported higher profits for the first three months of 2019, driven by sustained sales of residential condominiums and higher rental income.

2019 a better year for property stocks following last year’s plunge

INVESTORS were cautious last year on property stocks amid high interest rates that increased borrowing costs, but market watchers still consider the sector on their shopping lists account of strong demand for residential, office and retail spaces.

Fresh property projects

The Philippine real estate industry remained vibrant in 2018 despite challenges from rising interest rates and inflation. Playing a big part in this favorable...

Bustling office, residential property markets

The office and residential property markets of Metro Manila were bustling in the final three months of 2018. According to the real estate consultancy services...

Recognizing the best in the real estate sector

Lamudi concludes The Outlook 2018: Philippine Buyers’ Choice Property Awards The Philippine real estate sector continued to exhibit a steady growth in recent years. The...

Property firms post double-digit income growth

LISTED property companies showed double-digit earnings growth in the first nine months of September, benefiting from their expansion strategies.

Century Properties sells P2B vacation homes in Nasugbu

CENTURY Properties Group, Inc. (CPG) has pre-sold 342 vacation homes worth P2 billion in its residential tourism estate in Nasugbu, Batangas, more than nine months after it was unveiled to the market.

POGOs driving residential property market’s growth

DEMAND from a growing number of Philippine Offshore Gaming Operators or POGOs for properties is invigorating the residential real estate market of Metro Manila.

Century Properties launches JV company with Mitsubishi

CENTURY PROPERTIES Group, Inc. (CPG) and Japanese conglomerate Mitsubishi Corp. launched last week the newly formed joint venture company PHirst Park Homes, Inc. (PPHI), which is set to introduce 15 masterplanned communities outside Metro Manila to cater to the first home buyer market.

Marriott opens 2nd PHL hotel in Clark Freeport

CLARK FREEPORT, PAMPANGA -- The hospitality sector is catching up with the number of investments coming in to Clark, as the public saw the opening of not only the first five-star hotel in Clark Freeport Zone, but also the first to carry an international brand this month.

Century Properties, Mitsubishi to spend P28B for affordable housing foray

CENTURY Properties Group, Inc. (CPG) will be spending P28 billion alongside Japanese partner Mitsubishi Corp. for the rollout of 15 masterplanned communities catered toward the affordable housing market through their newly-incorporated firm.

Banks increase exposure to real property sector

BANKS lent out more funds to the real property sector as of June, although growth slowed from the previous quarter as interest rates climbed.

Demand from Chinese drives up rental rates in Makati, Bay Area

CHINESE employees of offshore gaming companies are pushing rental rates by 30% to 50% higher in some residential condominium properties in the Bay Area and Makati City, as the offshore gaming sector continues to expand in the country.

Bustling condominium sector attracting more suppliers to Philconstruct Mindanao

DAVAO CITY — About 40 new companies joined this year’s Philconstruct Mindanao, pulled in mainly by the flurry of condominium projects in Davao City.

HK’s rich get richer flipping floors in property frenzy

IN Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors.

Pueblo de Oro to launch residential subdivision in Batangas by 2019

PUEBLO de Oro Development Corp. (PDO) is developing a 40-hectare residential subdivision in Malvar, Batangas.

Property firm Pueblo de Oro to develop more residential projects

Pueblo de Oro Development Corp. (PDO) targets to develop more residential projects in the future as it looks to contribute to the housing sector...

Megaworld building office tower for JP Morgan Chase

Megaworld Corp. is building an office tower for global banking and financial services provider JPMorgan Chase Bank, N.A. in Fort Bonifacio, as the multinational...

Arthaland to expand development footprint over next five years

Arthaland Corp. aims to quintuple the number of completed projects under its portfolio in the next five years, as it acquires more land in...

Why DMW is limiting exposure to PHL offshore gaming operators

D.M. WENCESLAO & Associates, Inc. (DMW) is limiting its exposure to Philippine Offshore Gaming Operators (POGOs) to around 30% of the company’s tenant mix in the Bay Area.

Bill seeking to prevent TROs vs extrajudicial foreclosure of real estate...

A BILL seeking to prohibit courts from issuing restraining orders or preliminary injunctions in certain extrajudicial and judicial foreclosure cases of real estate mortgages has been filed at the Senate.

Acienda designer outlet gets boost from new expressways

TRAVELING to the upcoming Acienda Designer Outlet mall will be easier after the Department of Public Works and Highways (DPWH) announced the Aguinaldo interchange of the Cavite-Tagaytay-Batangas Expressway (CTBEx) project will be located next to the shopping center.

Mobile app launched for Idesia home owners

A PROPERTY company has introduced a one-stop home information portal for home buyers and owners at Idesia Dasmariñas in Cavite.

Skyrocketing London rents attract overseas landlords to housing market

THE U.K.’s struggle to secure a favorable Brexit deal may be giving Prime Minister Theresa May a headache, but it’s making London’s battered buy-to-let market attractive overseas again.

ISOC Holdings avails of P2-billion loan facility from BDO

ISOC Holdings, Inc. has secured a P2-billion loan facility from BDO Unibank, Inc. for its property unit's mixed use project in the Bay Area. In...

Changing house-hunting habits fuel growth of property portals

THE country’s real estate sector is facing disruption as pressure from changing consumer habits push developers and agents online, according to property services portal Dot Property.

DHMC to address job-skill mismatch in PHL hotel industry

MANAGEMENT COLLEGE LARS ELTVIK has opened, managed, and taught in several schools in different parts of the world — from Chile, Dubai, Finland, Brazil, and more — in the past three decades. Now, he’s bringing his knowledge and expertise in the hotel industry to the Philippines, this time as the managing director of the Dusit Hospitality Management College (DHMC) at The Fort in Taguig City.

SM breaks ground on luxury beach condo in Nasugbu

SM PRIME, Inc. broke ground for its latest luxury beach condominium in Pico de Loro Cove within its Hamilo Coast development in Nasugbu, Batangas.

New Seda Hotel opens in Cebu City

AYALA LAND, Inc. (ALI) has opened its newest Seda Hotel in Cebu City this month, targeting both business and leisure travelers.

How world’s priciest home market is pushing millennials beyond the law

HONG KONG’S stratospheric property prices are pushing some residents beyond the law.

Property developers building more dorm-type condos

By Arra B. Francia, Reporter More property developers are developing residential condominiums near educational institutions, as they aim to take advantage of the lack of...

Hilton eyes more partnerships in PHL

HILTON WORLDWIDE Holdings, Inc. is on the lookout for more partnerships with hospitality institutions in the Philippines, as it seeks to develop more talents to serve the growing tourism industry in the country.

CPG tops off 5th tower in QC project

CENTURY PROPERTIES Group, Inc. said it has topped off Roxas West, the fifth residential tower at The Residences at Commonwealth in Quezon City.

Property firms post mixed second-quarter results

Property companies reported mixed performances in the second quarter of 2018, depending on the real estate sales and rental income each firm posted for...

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....