Manila, Philippines–The real estate exposures (REEs) of universal, commercial (U/KBs), thrift banks (TBs) and trust departments reached Php1.4 trillion at the end of the second quarter in 2015. The figure is a 6.8 percent quarter-on-quarter (Q-o-Q) increase from the REEs posted by the banks at end-March 2015. REEs increased amid

Manila, Philippines—In the second quarter of 2015, the local real estate sector posted a growth of 11 percent; this means the potential for sales is immense. But according to Colliers, an international property services company, the total unsold condominium units in Metro Manila has averaged 75,000 over the last three

Manila, Philippines—Office towers that redefine the city skyline are once again making a comeback. These towers are most prominent in emerging business districts such as the Filinvest City in Alabang. Among the first of these buildings in Alabang will be the Parkway Corporate Center, a slim and sleek 32-story tower,

Manila, Philippines–Major developer Megaworld is expected to hit P11-billion in rental income this year as the company expects to complete more office towers, malls, and commercial centers with a total gross floor area of more than 650,000 square meters by end-2016; its recurring income is expected to grow more than

Manila, Philippines—In its disclosure to the Philippine Stock Exchange (PSE), dated January 21, 2016, Ayala Land Inc. (ALI) and LT Group  Inc. (LTG) entered into an agreement to jointly develop a township project, which spans portions of Pasig City and Quezon City, along the C5 corridor. In light of the

Manila, Philippines–With its name referring to real estate properties in Asia, new property search portal PropertyAsia.ph, alongside its affiliated websites CondoAsia.ph, mostly catering to vertical developments, and HousesAsia.ph, largely dedicated to horizontal developments, takes a proactive role to showcase properties for sale and for rent across the region, which reasonably