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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

Pampanga, Philippines—Ben Chan’s Suyen Corporation, the group behind the Bench clothing brand, is expanding its footprint in the real estate business with an investment in Clark Global City. Suyen Corp. and Global Gateway Development Corp (GGDC), which is part of the Udenna Group, recently signed a memorandum of agreement for

General Trias, Cavite—Megaworld, the country’s pioneer developer of integrated urban townships, will be selling 93 office units (63 sqm to 281 sqm) at its 17-story One Corporate Place, which is located inside its 140-hectare Maple Grove township in General Trias, Cavite. “Maple Grove’s rising business district in this side of

Pampanga, Philippines—Global Gateway Development Corp. (GGDC) and Century Properties Group Inc. (CPCI) have signed a joint-venture agreement to accelerate the development of the 2.6 hectares of the 177-hectare leasehold within the planned Clark Global City at the Clark Freeport Zone. This joint venture, which is a first for CPCI in

Manila, Philippines—One of the Philippines’ leading home retailers Wilcon Depot has just launched its own digital store on Shop.Wilcon.com.ph. The e-shop offers an increased convenience to its shoppers and a wide array of products, which includes appliances, automotive, building materials, furniture, hardware, home interior, housewares, outdoor living, paints and sundries,

Pampanga, Philippines—The North Luzon Airport Consortium (NLAC) is optimistic that the new Clark International Airport project will spur economic growth in Central and North Luzon. The consortium is pouring in an estimated project cost of about P6B to build the new terminal with a capacity to serve eight million passengers

By Pauline Castaneda Vibrant Economy The Philippines remains the third fastest growing economy in the Asia-Pacific region. Its strong inflow of investments, young demographics, and consumption-driven market drive this upward trend, which has elicited an outstanding growth pattern in the country’s property sector. Auspicious Infrastructure Projects The Philippines has entered

Manila, Philippines—8990 Holdings Inc., one of the fastest growing real estate developers in the country, has partnered with SM Group’s SM Hypermart as its lead tenant at Deca Mall in Tondo, where the large-scale mixed-use development Urban Deca Homes Manila is located. Offering a variety of food and non-food products,

Manila, Philippines—Property developer Megaworld is building a new residential tower in Makati City, the 57-story Vion Tower, touted as the tallest residential development along EDSA‐Makati. The residential tower will offer units ranging from studio (up to 31 square meters), one‐bedroom (up to 51 square meters), and two‐bedrooms (up to 71

By Pauline Castaneda Manila. Philippines– It was a Merry afternoon indeed! Christmas came early for the kids of Tanghalan Mandaluyong Inc. (TMI) at Jollibee Maysilo, Mandaluyong City. PropertyAsia.ph (PA), along with TMI mentors, collaborated to make this holiday extra special for 30 kids of TMI, a non-profit community-based performing arts