Property News

Cebu Landmaster’s H1 sales near full-2016 level
Cebu Landmaster

Cebu’s homegrown real estate developer Cebu Landmasters Inc. (CLI) recorded P2.87 billion in reservation sales for the first semester, close to breaching the whole of last year’s sales take-up of P2.94 billion. This reservation sales level is a leading indicator of the amount of revenues that the company can book in 2018 and 2019. “We […]

RLC building first BPO office in South Luzon
Robinsons Land Corporation

Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is putting up an office building for the business process outsourcing (BPO) industry in its mixed-use complex in Naga City. To be called Robinsons Cybergate Naga, it will be located in the Robinsons mixed-used complex that also includes the development of two hotel […]

Offshore gaming boosts demand for PH office space
Office Spaces

The local market for office space experienced a big boost in the first quarter, thanks mainly to strong demand from offshore gaming operators—a subsector of the business process outsourcing (BPO) industry that is growing rapidly with the help of new government regulations. In a recently published research note, international property consulting firm Pronove Tai described […]

Filipino Homes opens new office in Mandaue City
Filipino Homes Mandaue

Real estate portal Filipino Homes tied up with Skyscraper Realty to put up its eighth in Cebu and 22nd office nationwide at JCentre Mall in Mandaue City. Anthony Leuterio, president and CEO of multi-awarded Leuterio Realty and Brokerage, said Filipino Homes is a one-stop-shop for real estate buyers and sellers. Although it already provides an […]

Eton taps Aboitiz for power supply
Eton Aboitiz

MANILA, Philippines – Eton Properties of the Lucio Tan Group tapped Aboitiz Power Corporation to supply 5.2 megawatts (MW) to power the operations of its Cyberpod office buildings at Eton Centris in Quezon City. Aboitiz Power subsidiary AP Renewables Incorporated (APRI) signed a power supply agreement with Eton Properties last month. Under the agreement, Eton […]

Forbes counts eight Philippine firms in top 2000 global list
Forbes

THE HOLDING FIRM of the country’s richest man, Henry Sy Sr., climbed on Forbes’ 15th Global 2000 list of the world’s biggest public companies, staying atop seven others in the Philippines. The ranking is based on a mix of four metrics, namely: sales, profits, assets and market value. Last year saw nine local firms on […]

Completion of MCIA expansion to further boost Cebu’s tourism
Mactan-Cebu International Airport MCIA

The completion of the Mactan-Cebu International Airport (MCIA) expansion project should further boost Cebu’s attractiveness as a tourist destination, international real estate services firm Colliers said. Targeted for completion in June next year, the P17.5-billion public-private partnership (PPP) project involves the construction of a new world-class passenger terminal building, the MCIA. The new terminal will […]

Belle seeks to expand gaming/resort business
Belle Corporation

Property development and gaming firm Belle Corporation is planning to expand its integrated gaming and resort business with plans to add more space to its City of Dreams Manila complex as well as scout for a second site in the country. In an interview after the firm’s annual stockholders’ meeting, Belle Vice Chairman Willy Ocier […]

ASEAN Summit opens today
ASEAN Summit Philippines 2017

The Philippines will take center stage as the highly anticipated Association of Southeast Asian Nations (ASEAN) Summit and Related Meetings begin today, April 26, 2017, at the Philippine International Convention Center (PICC) in Pasay City. Discussions are expected to largely focus on closer cooperation and greater reforms to accelerate economic integration in the region. Trade […]

Team to address housing dev’t issues to be created
Team Leoncio Evasco Jr

TO COUNTER housing industry bottlenecks, Cabinet Secretary and Housing and Urban Development Coordinating Council (HUDCC) chief Leoncio Evasco Jr. announced on Friday, March 17 during the Grand National Housing Summit in SMX Convention Center, Lanang, Davao City that a memorandum on creating a composite team will be released immediately to monitor and follow up on […]