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Manila, Philippines—SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has set around P80 billion capital expenditure (CapEx) for its expansion projects and further land banking investments in the Philippines this year. “…2019 marks another era for SM Prime as we celebrate our 25th year

Manila, Philippines—Real estate developer Empire East and Pag-IBIG Home Development Mutual Fund have signed a joint agreement that will provide more feasible monthly payment options for potential homeowners—a payment alternative that has long been desired by Empire East’s clients. “We’re pleased to announce that this partnership with PAG-IBIG allows lower

Manila, Philippines—Megawide Construction Corp, one of the country’s leading engineering and infrastructure developers, posted an unaudited consolidated net profit of P1.8 billion in 2018. “…2018 was a landmark year for Megawide as we opened two flagship infrastructure projects, the Mactan-Cebu International Airport (MCIA) Terminal 2 and the Parañaque Integrated Terminal

Manila, Philippines—DoubleDragon Properties Corp. has just held a top-off ceremony for the 41-story Jollibee Tower in Ortigas Central Business District, which will be turned over to tenants next month. DoubleDragon’s eight office tower, the Jollibee Tower is expected to contribute P631.8 million annually. With Jollibee Foods Corp. as its anchor

Manila, Philippines–Manny Villar’s Vista Land & Lifescapes Inc., one of the country’s largest homebuilders, posted a net income of P10.5 billion in 2018, a strong growth of 16% driven by its residential developments and commercial leasing business. The company’s consolidated revenue grew 15% to P41.5 billion from P36 billion last

Pampanga, Philippines—Clark Development Corporation (CDC) has signed a lease agreement with ISOC Holdings Inc. to develop a seven-hectare sustainable and energy-efficient resort-entertainment complex in the Clark Freeport and Special Economic Zone, which covers parts of Pampanga and Tarlac. A P6-billion investment, Isoc Holdings’ planned resort-entertainment complex, designed by Aidea Design,

Cavite, Philippines—Property giant Megaworld is increasing its 10-year capital spending to P15 billion to build the 140-hectare Maple Grove township in General Trias, Cavite. The development highlights the first Megaworld Lifestyle Mall, a two-level, 24,000 sqm “sustainable” mall, in Cavite City. Taking its inspiration from the “greenhouse,” the mall will

Manila, Philippines–Century Properties Group (CPG) has registered a full-year net income of P1.1 billion in 2018, a remarkable 72% growth from P650 million in 2017. CPG has also significantly increased its revenue by 60% to P10.7 billion against its revenue at P6.7 billion in 2017. This growth was derived from

Manila, Philippines–Megaworld, one of the country’s leaders in integrated urban townships, is launching another two residential projects, South Beach Place and Sunny Coast Residential Resort, in its 31-hectare Westside City township in Parañaque City. Both will have about 1,900 residential spaces, worth P18 billion. The 15-story South Beach Place will

Manila, Philippines–The Philippine National Bank (PNB) has signed an omnibus loan and security agreement with Bloomberry Resorts and Hotels Inc. (BRHI) and Sureste Properties Inc. (SPI) as one of the co-lenders in the P40-billion, 10-year syndicated term loan facility to partially finance the design, construction, and development of an integrated