Property News

PH best country to invest in: Report
Philippines Chinese

The Philippines has been dubbed as the best country to invest in, as released by US News and World Report. According to its website, Best Countries is a rankings, news, and analysis project created to capture how countries are perceived on a global scale. The rankings evaluate 80 countries across 24 rankings drawn from a […]

Sy-Tieng group formalizes $12-B Sangley airport plan
Sy-Tieng Group Sangley Airport

A CONSORTIUM composed of Solar Group’s Wilson Y. Tieng and tycoon Henry T. Sy, Sr. has submitted to the government its unsolicited proposal for a $12-billion airport in Sangley, Cavite. In a statement, the Sangley Airport Infrastructure Group, Inc., led by All-Asia Resources and Reclamation, Corp. and Belle Corporation, said it is proposing to build […]

Starmalls to triple by 2020

PROPERTY developer Vista Land & Lifescapes Inc. targets to triple the number of Starmalls by 2020. In a statement to the Philippine Stock Exchange on Friday, February 9, the company said it aims to open 38 more Starmalls over the next three years. There are currently 22 Starmalls across the country. “We remain bullish with […]

DMCI Homes to launch 8 condo towers in 2018

CONSUNJI-LED DMCI Homes is targeting to launch eight residential towers in Metro Manila and Davao City this year following strong reception from property buyers. In a statement on Thursday, DMCI Homes said it is was set to launch condominium projects, both mid- and high-rise, in Parañaque, Las Piñas, Pasig, Pasay, Manila, and Quezon City. “We’re […]

Boracay faces shutdown

PRESIDENT Rodrigo Duterte has threatened to close the country’s most  popular tourist beach resort, the Boracay, which he described as a “cesspool,” if the vacation island’s environmental issues would not be resolved in six months. The President instructed Environment Secretary Roy Cimatu on Saturday to address the growing environmental concern in Boracay, saying there would […]

Megaworld’s first Mindanao township designed for the future

  Urban developer Megaworld Corporation is gearing up to transform its first township in Mindanao, the Davao Park District, into a smart development as part of plans to convert its properties nationwide to “iTownships.” In a statement, the firm said that, with Davao Park District to be classified as iTownship, it will integrate digital technology, […]

PLDT unveils P180-B spending plan

Industry giant PLDT Inc. is flexing its massive financial muscle, revealing for the first time a multi-year capital spending plan as the Duterte administration hopes to select a new telco challenger in the next few months. PLDT, in a statement over the weekend, announced an unprecedented three-year spending budget of P180 billion from 2018 to […]

Pernia: Infrastructure program to go ahead even with planned federalism shift
Ernesto Pernia

The Duterte administration’s ambitious infrastructure program will go full speed ahead and not even the planned shift to federalism would be a roadblock, the country’s chief economist said Wednesday. Asked if he sees any impact on the rollout of big-ticket infrastructure projects spanning across provinces and regions, which may be broken down into autonomous states […]

Lost perks under TRAIN force regional HQs to shelve Philippine entry

MANILA, Philippines — About five multinational companies are shelving plans to set up regional headquarters in the country due to concerns on the removal of their special tax rate. The Philippine Association of Multinational Companies Regional Headquarters Inc. (PAMURI) said four to five regional operating headquarters (ROHQs) have “refused to enter the Philippine market due […]

Lucio Tan’s Eton ventures into hotels
Eton Properties

MANILA, Philippines — Taipan Lucio Tan’s Eton Properties Philippines Inc. will venture into the hotel business. In a recent interview, Eton Properties chief operating officer Josefino Lucas said the company would launch two hotel projects. One will be in Pasay City near the Entertainment City, while the other will be in Quezon City within the […]