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THE property market could emerge as a risk to the banking sector if prices stall, while an increase in bad loans overall in 2021 is not likely to significantly threaten bank profits because of aggressive provisioning by many banks early on, Fitch Ratings said.
LISTED PROPERTY companies may continue to see double-digit profit drops for the remainder of the year, as consumers continue to stay away from shopping malls amid the rise in the number of coronavirus infections.
Having suffered the worst first-half performance in any year since 2008, a gauge of Philippine property stocks is faring worse than the nation’s benchmark index in 2020 after six years of outperformance.
Co-working spaces will be ‘much more threatened’ By Mariel Alison L. Aguinaldo The office market is expected to bounce back from the effects of the coronavirus...
A 2016 report by the University of Asia and the Pacific in the Philippines found that people who build their own homes incrementally made up half of the six-million-strong housing backlog in the Philippines. This so-called invisible housing market is mostly composed of the working poor belonging to the informal sector. They make do by building their homes incrementally, over the years, as family finances allow.
IN A briefing in Makati City yesterday, the real estate consultancy services firm Colliers International Philippines said travel restrictions on China due to the novel coronavirus may lead to a shrinking of the Philippine Offshore Gaming Operators (POGOs) sector and a resultant increase in vacancy rates, especially in the Bay Area.
PROPERTY companies reported higher profits for the first three months of 2019, driven by sustained sales of residential condominiums and higher rental income.
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.
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.
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 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.
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 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.
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.
DAVAO CITY — About 40 new companies joined this year’s Philconstruct Mindanao, pulled in mainly by the flurry of condominium projects in Davao City.
IN Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors.
PUEBLO de Oro Development Corp. (PDO) is developing a 40-hectare residential subdivision in Malvar, Batangas.
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 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 Corp. aims to quintuple the number of completed projects under its portfolio in the next five years, as it acquires more land in...
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.
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.
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.
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, 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...
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.
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.
HONG KONG’S stratospheric property prices are pushing some residents beyond the law.
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...
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 & Lifescapes, Inc. (VLL) is hiking its profit growth target to 15-17% for full year 2018, driven by stronger sales in its...