News

Rising Land Costs Pose Significant Challenge for Economic and Socialized Housing Development in Metro Cebu

Posted on Sun, Oct 22, 2023 7:37 AM by DR. SAMUEL O. LAO in Real Estate News

Rising Land Costs Pose Significant Challenge for Economic and Socialized Housing Development in Metro Cebu By: Samuel Lao, Real Estate Broker - Cebu City, October 22, 2023   The bustling urban sprawl of Metro Cebu, stretching from Cebu City to Carcar in the South and Danao to the North, has long been a hub of economic growth and development. However, a pressing issue now threatens to...

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Arthaland’s Savya Financial Center one with the government in revitalizing MSME sector

Posted on Fri, Dec 16, 2022 2:20 PM by DR. SAMUEL O. LAO in Real Estate News

Savya Financial Center, was recently unveiled with His Excellency President Ferdinand R. Marcos Jr. leading the ribbon-cutting ceremony. During his keynote speech, the President said this new financial hub is a welcome space for small and medium local enterprises, to find and create meaningful opportunities for their businesses. Built in partnership between Arthaland, Esquire Financing Inc. and...

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8990 Holdings forecasts year’s revenues to hit P20 billion

Posted on Tue, Feb 4, 2020 11:25 AM by DR. SAMUEL O. LAO in Real Estate News

8990 Holdings, Inc. is expecting to record revenues of about P20 billion for 2020, driven by the partial opening of its Urban Deca Homes Ortigas project by year’s end. In a topping-off ceremony at the project’s site in Ortigas yesterday, 8990 Holdings Chairman Mariano D. Martinez, Jr. told reporters the company is expecting four of the 22 buildings that comprise the project to be co...

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Mandani Bay to turnover 1.2k units in April; Phase 3 in planning stage

Posted on Sat, Jan 25, 2020 1:51 PM by DR. SAMUEL O. LAO in Real Estate News

PROPERTY developer HT Land Inc. will turn over 1,200 condo units of Towers 1 and 2 of Mandani Bay Suites starting April this year. Gilbert Ang, Mandani Bay project director, said the turnover of the first two Phase 1 Mandani Bay Suites towers will set the standard for other developments that will be built inside the 20-hectare master-planned project in North Reclamation Area in Mandaue City....

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

Posted on Tue, Dec 10, 2019 10:53 AM by DR. SAMUEL O. LAO in Real Estate News

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 remaining units soon bec...

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DMCI nets P2.8 billion in Q3

Posted on Thu, Nov 14, 2019 8:49 AM by DR. SAMUEL O. LAO in Real Estate News

DMCI Holdings, Inc. on Wednesday said it booked a net income of P2.8 billion in the third quarter, 47% higher year-on-year, which was attributed to “normalized coal operations” of Semirara Mining and Power Corp. (SMPC). In a statement, DMCI said core earnings in the third quarter went up 24% to P2.6 billion, excluding the P164-million non-recurring loss from the company’s shar...

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