Search for properties...
Property Sector E-News Express v34-2017


40 airports get P10B for modernization
The Manila Times | August 14, 2017

Forty airports in the in the country are getting P10.1 billion in modernization funding, Makati City Second District Rep. Luis Campos Jr. said over the weekend. “Clark is getting P2.74 billion to enable it to cope with more flights,” Campos said in a statement, noting that Clark International Airport has the biggest share of capital outlay under the Aviation Infrastructure Program of the proposed P3.767-trillion General Appropriations Act for 2018. “The target is to have Clark’s two 3,200-meter long runways operating at night, and eventually extend both runways, possibly to 5,000 meters, to accommodate bigger aircraft,” Campos said. The Department of Transportation (DOTr) earlier said it aims to give 40 Philippine airports night ratings before the end of President Rodrigo Duterte’s term in 2022. Read more

The new way to work for the next economy
Business Mirror | August 15, 2017

The concept of a workspace is rapidly morphing into a facility that would surpass any conventional office space, putting an end to the usual cubicles, fluorescent lights and stark white walls. It’s an eye-opener that nudged the game changers to venture to this new business concept, which is now known as the coworking industry. In the Philippine market, the term coworking is a reverberating trend that is still misunderstood by many and a challenge for the players to define. So what’s coworking? “It is a flexible space where end-users are encouraged to be involved and engaged with one another, thus, producing dynamic results,” said Mikko Barranda, cofounder and CEO of Acceler8. Read more

Manufacturing prospects strong
Sunstar | August 16, 2017

STRONG manufacturing prospects in the country will drive demand for industrial parks and standard factory buildings (SFBs), a property management and research firm said. Colliers International Philippines, in a report published yesterday, identified Cebu as a major hub for industrial operations outside Luzon. It cited Cavite, Laguna, Batangas, Pangasinan and Pampanga as primary industrial hubs. “The Philippines continues to attract more foreign and local investments with manufacturing being among the major recipients of fresh equity investments. This positive trend is attributed to continued investor interest on the back of sound macroeconomic fundamentals,” the report said. Read more

Building green
Manila Bulletin | August 16, 2017

Glass recycling is not something new, but to put it as part of construction – as wall or partition, or even as a sound-proofing solution – is innovative. This is what Spring Pool Glass Industrial Co. has recently introduced in the market – a lightweight, fireproof insulation block made from recycled glass. To demonstrate its capability, representatives from the company placed a blaring speaker inside a box made from the material. Once sealed, even a bit of sound can’t be heard emerging from the box. Spring Pool Glass Industrial, founded in 1970, is Taiwan’s leading waste glass recycling company. Annually, it recycles more than a hundred thousand tons of glass (or roughly around 300 million beer bottles) and the output is used in various applications, to be resold as raw material, remade into glassware, or to be utilized in construction and engineering works. Its sustainable practice – ensuring no glass goes to waste – has garnered the company various citations, including Taiwan’s Golden Root Award in 2015. The company is one of the dozens of firms which will showcase its latest products in Taiwan Expo 2017 that is set at the SMX Convention Center. What makes their booth eagerly awaited is its product named “AH Lightweight Insulation Block” which is made from recycled LCD glass. Read more

Iconic Makati building reimagined
Malaya Business Insight | August 17, 2017

Fifty-four years since its inauguration in 1963, the Insular Life Building in Makati has undergone an extensive renovation which modernized its facilities and equipment. The 14-storey historic and iconic building on the corner of Paseo de Roxas and Ayala avenue has been reimagined through its new interior design, modern facilities and convenient services. Insular Life said the general contractor for the rehabilitation is Phenix Garuda Construction and Development Corp. while the principal architect is Casas + Architects. The development was managed by Insular Life’s real property division. The Insular Life Building showcases modernized facilities and equipment, an updated look for the façade, and a five-level parking building adjacent to it. The building also boasts of its Silver LEED (Leadership in Energy and Environmental Design) certification which means its construction methods and materials, coupled with energy-efficient building equipment make it a sustainable building. It uses less water and energy, and reduces greenhouse gas emissions. Read more

Davao real estate brokers go online
Malaya Business Insight | August 17, 2017

The local government of Davao City, through the Davao City Investment Promotion Center (DCIPC), has recently partnered with top real estate website Lamudi to train Davao’s homegrown real estate brokers and to gear them up for the digitization of real estate marketing. As going online and the effective use of technology are considered some of the best practices in real estate selling today, Lamudi will spearhead a thought-leadership session for Davao-based real estate brokers, which will detail efficient ways to reach more property-seekers via digital marketing. Dubbed “Real Estate Is at Its Peak,” the brokers activation and seminar was conducted August 10 at the Marco Polo Hotel. Lamudi speakers include Bhavna Suresh Chathambeth, managing director of the Lamudi Group. “Davao City has been in the spotlight as one of the prime centers for investment and tourism in the country today. Read more

Exports position Cebu as major industrial hub
The Philippine Star | August 17, 2017

Cebu remains as a major hub for industrial operations outside of Luzon, supported by the export sector, property consultancy firm Colliers International said yesterday. "The demand for industrial space and facilities should be sustained by the continued dynamism of Cebu’s export sector," Colliers said in a report released Wednesday. From January to June this year, the Philippines’ total exports rose by nearly a fifth to US$31 billion with Cebu a key contributor to the country’s export bill, Colliers said. "We see Cebu’s export sector being driven by the economic recovery of the Philippines’ top trading partner, the United States; implementation of trade deals with neighboring ASEAN economies and the Eurozone; as well as sustained manufacturing investments from Japan and China," the property consultancy firm said. "These should contribute to greater absorption of space within Cebu’s industrial parks," it noted. In Mactan, Cebu particularly, Cebu Light Industrial Park, Mactan Economic Zones 1 and 2 are the three industrial economic zones currently operating in the area. Read more

Why property investment matters
Philippine Daily Inquirer | August 19, 2017

Why should you take the leap on investing in real estate? For starters, bricks and mortar are still one of the most robust investment classes, especially if you’re thinking long-term. The risks are lower when it comes to purchasing properties. With real estate, it’s as if you are buying into a future income stream. It’s easy to get started Why real estate? Why not the more popular stock market? Investing in the stock market can be a tricky one. You have to continuously monitor the progress of your purchased stocks. Also, you have to understand the complex world of trading. And of course, acquire the patience to sort through the financial press, annual reports and other company releases of your chosen companies on the market. It is such tedious work. But when it comes to real estate, you can easily jump into it. Some just look to the internet for properties that they might be interested in. You can visit open houses or auctions to get a hold of the property you want. You don’t need specialist knowledge to get involved in real estate. Real estate as flexible investment Either you buy it now then sell it later for a more attractive price. Or you can also live in it and fulfill the life-long dream of calling something your own place. Do you view the property as your retirement nest egg. Read more

Manila lags in liveability index
Philippine Daily Inquirer | August 19, 2017

Threats of terror and conflict, as well as a poor healthcare system continued to drag the quality of living conditions in Manila, according to the latest report from the Economist Intelligence Unit (EIU). Based on this year’s edition of the Global Liveability Index, Manila again ranked 104th out of the 140 cities assessed in this survey, with a score of 62 out of 100. “Neither the rank nor the score of Manila has changed in the last 12 months. The ranking score has improved by one place from 105th five years ago, but the score is unchanged,” Jon Copestake, editor of the survey, explained in an e-mail to the Inquirer. Copestake further disclosed that within the Asian region, Manila ranked 26th out of the 37 cities, while within the Association of Southeast Asian Nations (Asean), the Philippine capital ranked fourth out eight cities. It should be noted that cities in Laos and Myanmar were not ranked and that there were two cities in Vietnman included in the survey. Read more

 

 

This website uses cookies to ensure you get the best experience. By using our site, you acknowledge that you have read and understand our Cookie Policy and Privacy Policy.