Cebu, Philippines—Property developer Cebu Landmasters Inc. recently signed a lease agreement with the Archdiocese of Cebu for a P900-million redevelopment of the Patria de Cebu, a 6,670 square meter property in Cebu’s downtown area. The Patria de Cebu, which currently offers budget-friendly accommodations for travelers, will be transformed into a

Cebu, Philippines—Major developer Megaworld is building its fourth residential development, the 20-story La Victoria Global Residences, in the 30-hectare The Mactan Newtown in Lapu-Lapu City. The tower will offer 181 spacious units with balconies ranging from studio units up to 40 square meters; one-bedroom units up to 53 square meters;

Batangas, Philippines—Century Properties Group has announced that it has presold 342 vacation homes worth P2 billion at Batulao Artscapes, its first residential tourism project in Nasugbu, Batangas. Launched last December, Batulao Artscapes offers approximately 2,000 homes within the first 36 hectares of the 142-hectare development. The development has attracted local

Manila, Philippines—Megaworld, one of the country’s leading developers of integrated urban townships, is speeding up its developments inside the 12.3-hectare Arcovia City along C-5 in Pasig City. Since 2015, the company has allocated P35 billion to develop Arcovia City whose centerpiece is the Arco de Emperador, a 62-feet high arch

Bohol, Philippines—Aboitiz InfraCapital Inc. (AIC), the infrastructure business unit of the Aboitiz Group, has been granted an “Original Proponent Status” (OPS) by the Department of Transportation (DOTr) for the company’s plans for the operations, maintenance, and future expansions of the New Bohol International Airport on Panglao Island. “In line with

Quezon City, Philippines—Quezon City (QC) Mayor Herbert Bautista has signed the City Ordinance 2724-2018 mandating the Engineering Department (QCED), Department of Building Official (QCDBO), and Disaster Risk Reduction and Management Office (QCDRRMO) to conduct structural integrity audits of all the buildings in the city. The structural audits of the buildings,

Manila, Philippines–According to Philippine News Agency (PNA), the Philippines’ cement industry is poised to reap the benefits of the government’s “Build Build Build” Program, as it gets ready for a huge demand for construction supplies. “In terms of growth, we’re anticipating almost 8 percent growth for this year. It’s higher

Legazpi City, Albay—SM Prime Holdings Inc. has just opened its newest mall, SM City Legazpi in Albay, Bicol, which boasts 88,000 sqm of gross floor area. “SM Prime joins the City of Legazpi in bringing fun and adventure to the picturesque province of Albay with the opening of SM City

Manila, Philippines—Construction solutions company Holcim Philippines Inc. has partnered with the University of the Philippines (UP) for an elective course, Holcim Philippines’ sustainable construction course, which aims to teach civil engineering students the best practices of sustainable construction. Guest lecturers and industry experts will discuss topics such as sustainable design,

Manila, Philippines—Century Properties Group Inc. (CPG) has signed an exclusive agreement with the brokerage firm Leechiu Property Consultants to market the property developer’s P4.5 billion 35-story Century Diamond Tower office building at Century City, Makati. To be completed in 2019, the Century Diamond Tower is a Philippine Economic Zone Authority