News

CLI to spend P10B for three projects in Davao

DAVAO CITY — Cebu Landmasters, Inc. (CLI) is investing about P10 billion for its three projects in the city next year, its top official said yesterday. At the inauguration of the showroom of the Paragon Davao, Jose Franco B. Soberano, CLI executive vice-president and chief operations officer, said the money will be used for the developments of the Paragon Davao, the Davao Global...

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DMCI’s QC project generates P8.6-B in reservation sales

DMCI Project Developers, Inc. said its residential project in Quezon City is close to selling out, having generated P8.615 billion in reservation sales so far. In a statement, the company, which operates under the DMCI Homes brand, said Infina Towers is now 92% sold as of Nov. 18. Only 185 units are available for sale. “We’re optimistic of selling out the remaini...

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PHirst launches Calamba project

PHIRST Park Homes, Inc. (PPHI) continues to expand its portfolio in the Calabarzon area with the launch of its new residential project in Calamba, Laguna. PPHI President and Chief Executive Officer Ricky M. Celis said the company expects to generate P1.5 billion in sales from the initial 900 units offered at PHirst Park Homes Calamba. The gated residential community, launche...

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CLI boosts landbank in key cities

CEBU LANDMASTERS, Inc. (CLI) is boosting its landbank in key cities in Visayas and Mindanao, as it prepares to ramp up expansion in the next few years. In a statement, the housing developer said it increased its landbank in the region to 1,245,485 square meters (sq.m.), 36% higher year-on-year. CLI said the company is looking to invest P50 billion in a range of projects in t...

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RLC, DoubleDragon team up for new project in Bridgetowne

ROBINSONS Land Corp. (RLC) and DoubleDragon Properties Corp. (DDPC) are partnering to develop a prime commercial lot adjacent to the former’s Bridgetowne township in Quezon City. In separate disclosures to the stock exchange, RLC and DoubleDragon said they signed an agreement for the joint development of the 10,032-square meter (sq.m.) commercial lot along E. Rodriguez Avenue in...

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Ayala Corp. raises P15B from re-issuance of preferred shares

AYALA Corp. (AC) has held a ceremonial bell ringing for the re-issuance of its Class “B” Series 2 preferred shares at the Philippine Stock Exchange (PSE) on Monday. Dec. 2, 2019. The shares were re-issued on the PSE on Nov. 29. AC, the holding company of the Ayala Group, raised P15 billion from its preferred shares re-issuance, which was 1.84 times oversubsc...

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