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Property Sector E-News Express v17-2017


Cebu developer unveils projects to address different segments
Manila Bulletin | April 17, 2017

Fast diversifying Cebu Landmasters, Inc. flexed its capacity to address specific market needs with a high-end project in Cebu, a mid-market development in Davao, both launched last month, and economic housing projects in Cebu and in Dumaguete City to be launched this April. The four projects seek to boost the local developer’s market leadership in Metro Cebu and expand its presence in the entire Visayas and Mindanao region where it targets to be a dominant player in three years. The Cebu project called 38 Park Avenue is located in a 1.17-hectare property in Cebu IT Park. It is a 38-storey high-end development offering 745 residential units, a retail plaza and a future office building. Masterplanned by global designers, the property will give residents an experience of the New York lifestyle with first-class facilities and amenities. Read more

New hotel opens in Coron
Manila Bulletin | April 17, 2017

Two Seasons recently unveiled Coron Bayside Hotel, the third property under Two Seasons’ hotel and resorts, the two other being Two Seasons Boracay and Coron Island Resort and Spa. Nestled in the heart of Coron, it elevates vacations in the island by being the only first-rate accommodation in town with views of both the bay and the town. Accommodations include the comfortable Standard, the plush Bayview, the opulent Bayview Deluxe and the luxurious grand Panorama Suites. All rooms are spacious and elegantly designed. Free Wi-Fi is readily available in the whole hotel while there are cribs for those travelling with babies. Read more

Are ‘e-skin’ and ‘wearables’ the future of building property portfolio?
Business Mirror | April 18, 2017

You've probably watched a ton of sci-fi movies and television series (hello Black Mirror!), enough to keep your curious minds flowing with ideas about what kind of digital technology may be in store for us in the next couple of decades. Can you imagine a moment in the future when—beyond the design unveiling of actual properties that developers showcase—it’s the construction that become one of the most talked-about aspects of a property? Where architects exchange ideas and engineers give out instructions to workers via the Internet in real time? Where laborers finish double the amount of job in half the time, thanks to smart body suits? Months ago I’ve written about how a bunch of today’s real-estate developers have been adopting virtual-reality (VR) technology to present their portfolio to their clientele. Read more

Homeowners happy with Amaia Properties
Business Mirror | April 18, 2017

Before 2016 ended, no less than 2,000 homes in various locations in the country were opened to new Amaia residents. These homeowners happily spent the Christmas and New Year holidays in their Amaia residences after accepting the keys to their spanking-new abodes. Sustaining the momentum, Amaia welcomes 2017 by turning over even more units to happy homeowners. During the first quarter of the year alone, almost 800 homeowners are expected to receive the keys to their brand-new Amaia properties in projects such as Amaia Skies Avenida and Amaia Skies Santa Mesa, Amaia Scapes Urdaneta, Amaia Steps Altaraza. This is part of the projected 4,800 units to be turned over until the end of the year. The speedy completion and turnover of units is part of Amaia’s commitment to provide affordable and high-quality homes to Filipino families, in the fine tradition of Ayala Land. According to Nikie Lingad, Amaia Land project development head, Amaia exhausts all measures to provide the best service to its Filipino customers, making them feel that their investment is worth it. “With hardworking customers at the core of our operations, we commit the organization to standard work practices that ensure our homes are built and delivered as scheduled to their deserving owners, while maintaining high standards of quality,” she said. Read more

CPG to focus on condo, diversified development in 2017
Business Mirror | April 19, 2017

Century Properties Group, Inc. (CPG) will spend “around P5 billion” for its condominium projects this year, about P1 billion for new leasing assets, and will launch new affordable housing and tourism projects, the developer said in a disclosure to the Philippine Stock Exchange. “For 2017, we plan to spend around P5 billion in our condominium projects and an additional P1 billion in leasing assets. We are also looking to start deploying capital for our affordable and tourism business later this year,” explained Kristina Garcia, head of CPG’s Investor Relations group. In its disclosure, CPG explained that it has directed most of its business focus over the past three years on completing its high-rise residential developments, “in line with its plan to become a more diversified, multi-platform real estate company by 2020.” From 33 launched buildings with gross floor area totaling 1.43 million square meters, CPG has already completed 16 buildings with gross floor area of 792,000 square meters as of year-end 2016, the company said. Read more

Property boom builds up Wilcon’s business
The Philippine Star | April 21, 2017

Wilcon Depot and Home Essentials, owned and operated by the Belo family led by its patriarch William Belo, is riding on the continued growth of the property business in the country. “More and more households are doing also doing renovation,” Belo said during a recent briefing. He said the sustained demand for condominiums and other types of homes bodes well for businesses such as Wilcon. Indeed, Wilcon has become a household name – quite literally – in the country. From individual homebuilders to institutional clients, Wilcon Depot has met and continues to meet the needs of its wide variety of customers. Since opening its first branch in 1977, the company has expanded to a network of 230,000 square meters of retail space with 38 stores nationwide and has successfully established itself as the “top-of-mind” depot for local and international brands of tiles and flooring, plumbing and sanitary wares, electrical and lighting products, hardware and tools and furniture. And it continuously improves its portfolio of offerings. Read More

SEC approves CLI’s IPO application
Sunstar | April 21, 2017

Cebu Landmasters Inc. (CLI) obtained the Securities and Exchange Commission’s clearance for its P3.8-billion initial public offering to support its expansion plans. SEC has given CLI authority to sell 580 million shares priced at P6.55 per share. The company will offer 430 million in primary shares, 75 million secondary shares and another 75 million shares for overallotment. CLI Chairman Jose Soberano III welcomed the approval of the company’s IPO application, which makes Landmasters the first Cebu-based real estate developer to go public. “The SEC approval is one milestone we’re happy to achieve and there a few more steps to attain before CLI finally gets to be publicly listed. We take this with pride as we share this with our stakeholders in Cebu and the rest of the VisMin cities we have presence in,” said Soberano in a text message to SunStar Cebu yesterday. Soberano said they are awaiting the approval of the Philippine Stock Exchange (PSE) board before it can finally have its IPO. The real estate developer is targeting to debut on the local bourse by mid-May. Read more

Changing the housing landscape
Philippine Daily Inquirer | April 22, 2017

Condominium projects, or the so-called vertical developments, have become a practical recourse for those wanting to live in the crowded cities of Metro Manila. Many of the residential condos in Metro Manila, however, cater largely to the mid-market segment. And since these projects are mid-cost, the “average salaried” Filipinos who comprise the backbone of Philippine business and economy are kept out of the housing and shelter space, according to Januario Jesus Gregorio B. Atencio III, president of mass housing developer 8990 Holdings Inc. “Vertical projects that cater specifically to the country’s middle to lower income segment are not only practical but a necessity,” Atencio noted. “The backlog for affordable housing in Metro Manila is growing and supply simply cannot keep up with demand. Metro Manila has a population of 11.9 million, which is composed mainly of hard working salaried Filipinos who just simply cannot afford to purchase the existing condominium units offered by majority of the developers in Metro Manila given that these are more mid-priced and above what they can afford,” he explained.
Read more

ABC’s of real estate investing
Philippine Daily Inquirer | April 22, 2017

“Location, location, location” has always been the golden rule in buying real estate. But today, the reputation and the background of a property developer are also of utmost importance in making a major real estate investment, apart from location—be it in Metro Manila or in the provinces. Condominiums, townhouses, and subdivision developments are just some real estate choices available for clients, even in the provinces. To know which factors you should consider before making that big ticket purchase, here are some tips that may come handy. A – Work with a trusted real estate agent: It is best that you deal with a licensed realtor who can assist you, protect your interests, and guide you through the buying process at the same time, B – Value appreciation: Real estate in the Philippines generally appreciates. Real estate investors can enjoy an average of 5 to 10 percent increase yearly. In the Philippines, the best time to buy from a trusted real estate developer is during the pre-selling stage during which you are guaranteed to enjoy value appreciation for your investment. Read More

 

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