News

Damosa Diamond Tower tops off

MANILA, Philippines — Damosa Land Inc. (DLI) recently topped off the Damosa Diamond Tower, strategically situated in the Damosa IT Park along J.P. Laurel Ave. in Davao City. Only a 10-minute ride from Davao International Airport, and about five minutes away from key establishments, the office tower stands 17 stories high, has a land size of 2,200 square meters, and a building footprint of...

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Cebu Landmasters posts 31% reservation sales rise

CEBU Landmasters, Inc. (CLI) reported its reservation sales in 2019 jumped 31% to P12.67 billion, driven by higher demand in its key projects across the country. In a statement yesterday, the listed property developer said the turnout did not only surpass its P9.6-billion reservation sales in 2018, it also exceeded its target of reaching P12.5 billion in 2019. “Reservation sales is an...

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8990 Holdings forecasts year’s revenues to hit P20 billion

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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PSE: Property firms eager to list REITs

A NUMBER of listed property companies were very enthusiastic with the landmark signing of the Regulations that form part of the framework of the Real Estate Investment Trust (REIT) Act of 2009. The Implementing Rules and Regulations of the Securities and Exchange Commission (SEC), the Revenue Regulation of the Bureau of Internal Revenue (BIR) and Listing Rules of the Philippine Stock Exchange (PSE...

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Megaworld further ramps up office portfolio in Iloilo

MANILA -- Megaworld, the country's largest developer and lessor of office spaces, is ramping up its office inventory inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. The company is launching two new office towers -- Enterprise One and Enterprise Two -- each 12-storey high right along the bustling stretch of Megaworld Boulevard in the city's modern business park....

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Sterling Land launches first condominium project

Fresh from the resounding success of its flagship projects Minglanilla Highlands and Santa Monica Estate-Tisa, property developer Sterling Land Residences and Development ‪Inc. broke ground on its first residential condominium tower on Jan. 29, 2020. Located on St. Lawrence Street in Lahug, Cebu City, The Skyline is a 25-storey residential tower with a five-star hotel living concept. It is just...

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