CEBU, Philippines — Singaporean-led developer Syntech Properties Inc. (Syntech) remains optimistic about Cebu’s residential real estate market, despite increasing competition driven by new players entering the scene. Syntech, a pioneer in introducing condominium living to Cebu through its landmark Citylights Gardens Condominiums in Lahug close to 30 years ago, has unveiled the secon...
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CEBU-BASED property developer Cebu Landmasters Inc. (CLI) is set to launch two more projects in the remaining months of the year: The North Grove at Pristina Town and the first three towers in Manresa Town in Cagayan de Oro City. The North Grove at Pristina Town is a two-tower upper mid-market project in Cebu with over 1,000 units. This is CLI’s second development in partnership with Ixid...
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Colliers: Second possible BSP rate cut may only benefit residential property market by mid-2025 MANILA - Real estate firm Colliers said Tuesday it was optimistic a second possible Bangko Sentral ng Pilipinas interest rate cut this year would help revive demand for residential units especially in Metro Manila amid the continued exodus of Philippine Offshore Gaming Operators (POGO)....
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CENTRAL LUZON remains a major economic center outside of Metro Manila. Its property market has substantially evolved over the past few years with national players seizing opportunities by aggressively land banking in the region. We see tremendous upside potential for its real estate market. Outside of residential, we see opportunities for office and industrial sectors. This dynamism sho...
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Claudine Flores Published on: Sep 24, 2024, 8:14 pm MORE than a year since the groundbreaking of the Cebu City South Coastal Urban Development (Scud), the construction of the housing project remains unimplemented. Nineteen months after the groundbreaking on Monday, Feb. 27, 2023, around 8,000 informal settler families and low-wage earners in the city are still awaiting...
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The Commercial Real Estate market market in the Philippines is predicted to reach a staggering US$0.77tn by the year 2024. This projection indicates a promising growth potential for the sector. Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 0.77%, resulting in a substantial market volume of US$0.80tn by 2029. When compared to...
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