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CREBA Pushes Affordable Homes for Employees to Ease Traffic Congestion
Manila, Philippines—The Chamber of Real Estate and Builders’ Association (CREBA), a private non-stock, non-profit corporation whose members are companies and associations dealing with real estate, housing, and construction, is encouraging its about 4,000 members across the country to seek the support of their respective legislators for a bill providing affordable homes
Japan’s Mitsubishi Corp. To Build 34-Story Office Building in Makati
Tokyo–Mitsubishi Corporation, which has diverse interests in global environment and infrastructure, energy, and metal, among others, ties up with Century Properties Group Inc., one of the major property developers in the Philippines, to build a 34-story office building in the business district of Makati in Manila. Targeting mainly Business Process
2,462 Pass Real Estate Appraiser Licensure Exam
Manila, Philippines—The Professional Regulation Commission (PRC), which regulates the practice of Filipino professionals (except lawyers), has just released the result of its recent real estate appraiser licensure examination, where 2,462 out of 4,731 passed the test. The examinees took the exam in Manila, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo,
Megaworld To Launch Township, Cyberpark in Pampanga
Manila, Philippines–With P30 billion budget, Megaworld, one of the country’s largest property developers of integrated urban townships, is looking at a 35.6-hectare prime property beside the provincial capitol of San Fernando, Pampanga to develop in the next 10 years. The property is approximately 70 kilometers away from Manila, and 20
Design, Shape of Buildings Affect Earthquake Resistance
“It’s critical for [property] developers to implement an effective way of evaluating their projects in terms of disaster resilience at the start of the design and construction process.” – Daiichi Properties Manila, Philippines—How safe are our buildings when a strong earthquake hits? Many high-rise buildings continue to soar in Metro
Singing Banana Cue Vendor Wins “The Voice Kids” Trophy, P2M House and Lot
Manila, Philippines–Elha Nympha, 11-year-old banana cue vendor, mentored by singer-songwriter Bamboo Mañalac, was declared the grand champion of the second season of ABS-CBN’s top-rated show “The Voice Kids” Sunday night. She received 42.16% of the public votes in a two-night grand final showdown. As the newest “The Voice Kids” grand
Home Loans Increase 25.8% In First Quarter
Manila, Philippines—Consumer loans coming from various universal, commercial, and thrift banks reached PhP 932.8 billion in the first quarter of 2015, an increase of 3.36 percent from the PhP 902.5 billion recorded a quarter earlier. This sustains the quarter-on-quarter growth in consumer loans since 2008, according to Bangko Sentral ng
Philippine Economy Posts 5.6% Growth in Q2
Manila, Philippines—Philippines Gross National Product (GDP) “grew year-on-year by 5.6 percent in the second quarter of 2015,” according to the Philippine Statistics Authority (PSA). That figure is lower than the 6.7 percent posted in the same period last year, but higher than the 5 percent posted in the first quarter
Henry Sy, Philippines’ Richest Man for Eight Straight Years – Forbes
Forbes.com, one of the world’s widely visited business websites, has just named Chinese-Filipino tycoon Henry Sy, who has a net worth of $14.4 billion, the Philippines’ richest man for eight straight years. Sy, 90, has diverse business interests in real estate, retail, hospitality, banking, mining, education, and health care. He
Ayala Land Eyes Emerging Japanese Market in Cebu
Cebu, Philippines—Ayala Land Premier (ALP) has officially launched its third residential building in Cebu: a tower, named The Alcoves, rising above Ayala Center. The Alcoves has seven residential concepts, which include a one-bedroom residence called Zen designed for Metro Cebu’s emerging Japanese market—the fastest-growing among visiting foreign nationals according to