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ALI partners with two firms for Aurora, Quezon projects

Ayala Land, Inc. (ALI) is teaming up with Green Square Properties Corp. (GSPC) and Green Circle Properties and Resources, Inc. (GCPRI) for two projects...

DMCI sets P40.7-billion capex for 2018

DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated...

Ayala Corp profit rises 10% in first quarter

Ayala Corp. (AC)’s real estate and power units boosted its earnings for the first quarter of 2018, with net income attributable to the parent...

BPOs remain bullish despite TRAIN 2 passage — Colliers

Business process outsourcing (BPO) firms remain bullish on expanding in the Philippines despite the removal of tax perks under the proposed second package of...

GT Capital implementing masterplan for Bay Area project

GT Capital Holdings, Inc. is now implementing the masterplan for its 40-hectare mixed-use estate in the Bay Area called Metro Park, where it recently...

Megaworld posts 11% profit growth in first quarter

Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months...

ALI Q1 profit rises on higher real estate, commercial revenues

Earnings of Ayala Land, Inc. (ALI) went up by 17% during the first quarter of 2017, supported by its aggressive real estate and commercial...

Robinsons Land partners with Hong Kong firm for P5.6-billion Pasig project

Robinsons Land Corp. (RLC) has partnered with Hong Kong Land Group (HKLG) for the development of real estate projects in the country, starting with...

DoubleDragon unveils first phase of DD Meridian Park

DoubleDragon Properties Corp. unveiled on Monday, May 7, its flagship office and retail project in Metro Manila with majority of its tenants coming from...

8990 Holdings posts 16% profit growth

8990 Holdings, Inc. delivered a double-digit growth in income last year on the back of higher revenues and improved margins. In a disclosure to the...

Calmar Land to enter into socialized housing

After serving the middle income and economic housing segments over the past 25 years, South Luzon property developer Calmar Land Development Corp. (CLDC) is...

SEC approves DoubleDragon’s P7.5-billion share offer

DoubleDragon Properties Corp. has received approval from the Securities and Exchange Commission (SEC) for its primary offer of up to 135 million common shares...

Filinvest building $200-million integrated casino-resort

The Gotianun family became the latest group to venture into the booming gaming sector after securing a license to build a $200-million integrated casino...

Megaworld to raise $200 million in perpetual notes

Megaworld Corp. will be raising $200 million through the issuance of perpetual senior notes in the offshore bond market to refinance existing debt. In a...

Q4 home price hike biggest in three quarters

HOUSE PRICES rose faster in 2017’s last three months from a year ago, marking the biggest increase in three quarters as duplex and condominium...

NBI nabs illegal Boracay land sellers

The National Bureau of Investigation (NBI) has arrested five individuals suspected of "illegally selling inalienable lands in Boracay island," according to its press statement. Suspects...

8990 completes its 1st high-rise development in Metro Manila

MASS HOUSING developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila. In a disclosure to the stock exchange on...

Arthaland secures ‘green building’ certifications for Taguig tower

Arthaland Corp. is keeping its commitment to go green by securing the certification of both local and global sustainability rating systems for its Century...

8990 Holdings completes EDSA condo

Mass housing developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila, ending the project with all units fully...

Megaworld holds 2018 capex steady at P60 billion

Megaworld Corp. is keeping its capital expenditures steady for 2018 after it booked a double-digit growth last year fuelled by the strong sales from...

Megaworld plans more museums for its townships

Megaworld Corp. plans to include museums in its integrated townships, in a bid to promote local culture and tourism which would, in turn, drive...

Robinsons Land, Shang Properties to pour P10 billion into joint condo...

Robinsons Land Corp. (RLC) and Shang Properties, Inc. (SPI) will be pouring in at least P10 billion for the development of a residential condominium...

Anti-trust body approves Robinsons Land-Shang Properties joint venture to develop Taguig...

The Philippine Competition Commission (PCC) has approved the joint venture between listed firms Robinsons Land Corporation (RLC) and Shang Properties, Inc. (SPI) to develop...

Chelsea Logistics plans to convert common shares into preferred shares to...

Chelsea Logistics Holdings Corp. (CLC) plans to convert some of its common shares into preferred shares in order to support its capital spending for...

Filinvest Land grows earnings by 9% in 2017

Filinvest Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental properties alongside demand from both retail...

Araneta Center eyes completion of P3-billion Cubao office tower by October

Araneta Center, Inc. (ACI) looks to complete its P3-billion office tower in Cubao, Quezon City by October, banking on business process outsourcing (BPO) firms...

GERI sees robust take up in Alabang township

Global Estate Resorts, Inc. (GERI) reported a robust take-up of residential lots in its Alabang West Village township, riding on the development of more...

Torre Lorenzo turns over UST condo units

Torre Lorenzo Development Corp. (TLDC) turned over its P2.37-billion university residential condominium across the University of Sto. Tomas on Thursday, March 8, opening with...

DoubleDragon logs 71.8% profit growth in 2017

DoubleDragon Properties Corp. reported a 71.8% surge in consolidated net income for 2017 to P2.53 billion from P1.47 billion a year earlier after the...

Prices of luxury condominiums at all-time high — Leechiu

Prices of high-end residential condominiums in key financial business districts reached an all-time high last year, with a single square meter commanding a price...

Office market supply seen to grow by 40% in next five...

The Philippine office market is seen to grow by 40% in the next five years, pushed up by the need of information technology- business...

DoubleDragon acquires another Iloilo property for industrial use

DoubleDragon Properties Corp. has acquired a 3.9-hectare Iloilo property to be developed by its industrial unit, as it looks to construct manufacturing facilities across...

Property buyers shift gaze away from Metro Manila

By Jochebed B. Gonzales Senior Researcher CONSUMER home buying sentiment in the Philippines improved last quarter, boosted by households’ increasing optimism over properties located in areas...

Megaworld to develop iTownships

MEGAWORLD Corp. is currently developing a concept called iTownships, which seeks to digitize services in its existing estates and incorporate smart home technologies in...

RLC prices stock rights offering at 16% discount

ROBINSONS LAND Corp. (RLC) has priced its P20-billion stock rights offering at P18.20 per rights share, it disclosed to the stock exchange on Thursday. The...

DMCI Homes expands QC condominium project

DMCI HOMES, Inc. unveiled on Thursday the second tower for its residential condominium project in Quezon City (QC) called Infina Towers, targeting both investors...

Villar group sets P175-B capex for next 3 years

THE VILLAR GROUP of companies is accelerating its capital spending to P175 billion in the next three years, targeting to boost the growth of...

Golden Haven buys Bria Homes

THE VILLAR GROUP is reorganizing its property business, disclosing on Wednesday that Golden Haven, Inc. will take over the operations of Bria Homes, Inc. In a disclosure...

Udenna wants ‘iconic tower’ built in Clark

DENNIS A. UY-LED Udenna Corp. is taking inspiration from cities like Paris, Chicago, and Singapore for its masterplan for Clark Global City (CGC), which...

GERI investing P8B in Hamptons-inspired project

GLOBAL-ESTATE Resorts, Inc. (GERI) is pouring in P8 billion for the development of its second integrated lifestyle community in Laguna over the next 10...

Office rents in BGC seen to continue rising in 2018 —...

By Arra B. Francia, Reporter MORE THAN three quarters of the total office supply projected to come online in 2018 are located in Bonifacio Global...

At the height of success: Suntrust Properties, Inc. celebrates 20th anniversary

It can be said that Suntrust Properties, Inc. (SPI), which was initially known as Empire East Properties, Inc. when it was founded in 1997,...

Primex takes over Stratosphere builder

REAL ESTATE developer Primex Corp. said it now owns 98.2% of its subsidiary that built the 31-storey Stratosphere in Makati. On Friday, it told the...

DoubleDragon profits surge amid continued CityMalls expansion

DOUBLEDRAGON Properties Corp.’s earnings surged 66% in the third quarter of 2017, primarily from the expansion of its community malls around the country. In a...

DM Consunji bags P3.5B worth of contracts in Q3

DM CONSUNJI, Inc. secured contracts amounting to P3.5 billion in the third quarter, mostly to develop residential condominium projects. In a statement issued over the...