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Pag-IBIG Housing Loans Up to 10%, Jan.-May 2018
Manila, Philippines—Pag-IBIG Fund reported that it released over P26 billion worth of housing loans in the first five months of 2018, which is 10 percent or over P2.44 billion higher than the loans released during the same period in 2017. The housing loans helped 32,274 families acquire their own homes.
8990 Holdings to Earn P4.4B From Tondo Development
Manila, Philippines—Property developer 8990 Holdings Inc. continues to see a strong demand from its largest development in Metro Manila, the 8.4-hectare, 13-building development Urban Deca Homes Manila, in Tondo, which is projected to earn an approximately P4.4 billion in revenues by the end of this year. In the first quarter
Amsterdam-based Spaces Launches First Office Hub in PH
Manila, Philippines—Based in Amsterdam, Spaces, workstations shared with others, has chosen the World Plaza in Bonifacio Global City as its first site in the Philippines; it offers professionals a 500-square meter office hub—about 477 workstations—built around the concept of community and shared ideas. Further, Spaces integrates lifestyle into work; its
Megaworld Offers Spacious Units Via Park McKinley West
Manila, Philippines—Township developer Megaworld has launched a new residential development Park McKinley West in its 34.5-hectare McKinley West township in Fort Bonifacio. The 25-story Park McKinley West boasts spacious units: one bedroom up to 48.5 sqm, two bedrooms up to 110 sqm, three bedrooms up to 212 sqm, four bedrooms
Robinsons Land to Build ‘Go Dorm,’ Offer Shared Office Spaces
Manila, Philippines—In a recent filing at the Philippine Stock Exchange (PSE), property developer Robinsons Land Corp. (RLC) said it will be building a “Go Dorm” in Metro Manila in the coming years, which will cater to employees. At its annual shareholders’ meeting held last May 30, 2018, President and Chief
Megaworld’s Shophouses in Pampanga Are Selling Fast
Pampanga, Philippines–Property developer Megaworld has sold around 70 percent of its Shophouse District, which is part of its Capital Town development in San Fernando, Pampanga. The 6.3-hectare Shophouse District, composed of 98 lots ranging from 276 square meters to 680 square meters, allows the lot owners—ideally, local entrepreneurs from Pampanga—to
INFRACORP Set to Start Monorail Skytrain Project This Year
Manila, Philippines—INFRACORP Development Inc., the infrastructure company of Alliance Global Group Inc., has announced that it’s all set to start the proposed P3-billion, 2-kilometer Skytrain monorail project this year, which will be completed by early 2021. The project is expected to reduce the travel time from Fort Bonifacio to MRT
Seda Hotel Opens in Cebu in Q3 2018
Cebu, Philippines—Ayala Land Inc.’s 301 room Seda hotel, Seda Ayala Center Cebu, is set to open at the Cebu Business Park in the third quarter of this year. “Warm contemporary surroundings in a strategic location matched with an exceptional customer experience have propelled the Seda brand in the last five
DoubleDragon Properties’ Q1 Net Income More Than Triples to P744.56M
Manila, Philippines—DoubleDragon Properties Corp.’s net income for the first quarter of 2018 reached P744.56 million, an increase of 349.4% compared to the net income of P165.67 million during the same period last year. The company’s recurring revenues, on the other hand, have increased 173.7% (P531.38 million) for the first three
New Clark City, the Philippines’ First Smart, Disaster-Resilient City
The New Clark City, also called Clark Green City, is one of the flagship projects of Philippine President Rodrigo Duterte’s “Build, Build, Build” infrastructure program, which aims to decongest Metro Manila, the nation’s largest urban center. The 9,540-hectare development, located in the Clark Special Economic Zone in Capas and Bamban,