Property News

SM Prime sets P80-billion 2018 capital expenditure for provincial businesses
SM Prime

MANILA – SM Prime Holdings Inc on Tuesday said it has set an P80-billion capital expenditure for 2018 to support the growth and expansion of its businesses in the provinces. The capex will be allocated to key provincial cities, SM Prime, integrated property and SM malls operator, told the stock exchange. “We want to take […]

Pernia: 6-month Boracay closure to cost economy P1.96 billion

The six-month closure from tourists of Boracay Island starting Thursday, April 26, would cost the economy about P1.96 billion, which the country’s chief economist said Tuesday would be compensated for by an increase in arrivals in other domestic tourist spots. Citing an earlier estimate of the state planning agency National Economic and Development Authority, Socioeconomic Planning Secretary and […]

City of Dreams Manila expansion planned
City of Dreams Manila

Leisure estate and gaming group Belle Corp. has submitted a proposal to the Melco group to expand the existing City of Dreams Manila (CoD Manila) integrated gaming resort using a one-hectare land adjacent to the property. In a press chat after the company’s stockholders meeting on Monday, Belle president Manuel Gana said the 6.2-hectare CoD […]

Chinese businessmen see ‘no limits’ to infra investments in PH
Vincent HS Lo

MANILA – There is “no limit” to investments that businessmen based in Hong Kong and Shanghai are willing to bring to the Philippines as China moves forward with its Belt and Road Initiative, a Hong Kong business leader said Tuesday. A delegation composed of 40 business leaders from Hong Kong and Shanghai visited the country […]

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, […]