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Cebu, Philippines – Cebu Landmasters Inc. (CLI), one of the Visayas-Mindanao leading property developers, will build a P1.5-billion high-rise residential condominium with retail spaces in downtown Iloilo City, which should be ready for occupancy in 2024. CLI recently signed a joint-venture agreement with International Builders Corp. (IBC), headed by its

Cavite, Philippines – Real estate company Megaworld, which develops large-scale, mixed-use communities, is building its first upscale residential village, the Arden Botanical Village, inside the 251-hectare Arden Botanical Estate in Trece Martires City. The Ardent Botanical Estate is a joint project of Megaworld and subsidiary Global Estate Resorts Inc. Both

Manila. Philippines – DoubleDragon Properties Corp., a newly-listed company at the Philippine Stock Exchange, has reported its Consolidated Net Income at P3.12 billion for the first nine months of the current year; it’s an increase of 102.43% compared to only P1.54 billion during the same period last year. The company’s

Manila, Philippines – Real estate firm Ayala Land Inc., a subsidiary of Ayala Corporation, has posted a 12% increase in its net income, which totaled to P23.2 billion, in the first nine months of the current calendar year.  Total revenues increased by 2%, which totaled to P119.7 billion. Its capital

By Alexei Petrenko Manila, Philippines – Local conglomerate Filinvest Alabang Inc., a subsidiary of Filinvest Development Corp., and Mitsubishi Corporation, one of Japan’s biggest trading companies, are entering a partnership in which they will establish a multi-tower complex with cutting-edge office facilities. The mixed-use development would benefit their employees and

Cavite, Philippines – Township developer Megaworld and its subsidiary Global-Estate Resorts Inc (GERI) are jointly developing the 251-hectare property Arden Botanical Estate located at the boundary of Trece Martires City and the municipality of Tanza in Cavite. Megaworld and GERI are allocating about P18 billion in the next 15 years

Batangas, Philippines–Wilcon Depot, one of the country’s leading home improvement and construction supply retailer, opened its third store in Batangas—55th branch nationwide—last weekend. With over 11,000 square meters of sales area, Wilcon Depot’s new store in Santo Tomas, Batangas follows on the heels of the launch of its store in

Manila, Philippines—ArthaLand Corporation (ALCO), a local developer that champions sustainability in its projects, recently signed an agreement with Mitsubishi Estate Company Ltd. (MEC), one of the largest real estate developers in Japan. The agreement, which is MEC’s first venture in the country, states the 40 percent acquisition in ALCO’s ownership

Manila, Philippines—Megaworld is building its second residential development, the Arcovia Palazzo, in its 12.3-hectare Arcovia City township along C-5 Road in Pasig City. Designed by UK-based architectural firm Broadway Malyan, Arcovia Palazzo will have three residential towers: the 40-story Altea Tower, 45-story Benissa Tower, and 49-story Cantabria Tower. With a

Batangas, Philippines–Real estate developer AboitizLand recently celebrated its 25th anniversary by rolling out its expansion plan for its township LIMA in Lipa, Batangas. LIMA is currently home to major manufacturing companies and international and local retailers. A 49-hectare residential area, The Villages at Lipa, which features designer homes inspired by